Meyka Pro is live. Get 50% off your first 3 months.Get Started →
Meyka Pro banner
Wesdome Gold Mines Ltd.

WDO.TO Technical Analysis Summary (TSX)

Analyze WDO.TO on the TSX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

WDO.TO●TSX
Basic MaterialsGold
$35.63
$0.86(2.47%)
Canadian Market opens in 18h 42m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

WDO.TO Technical Analysis Summary (TSX)

Wesdome Gold Mines Ltd. (TSX: WDO.TO) stock currently shows a bullish trend on the TSX, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Neutral to Bullish (RSI: 59.59)
Trend Strength:Moderate (ADX: 20.61)
Volatility:Medium (ATR: 1.55)
Support/Resistance:$31.95 – $36.51 (Bollinger Bands)

Technical conditions suggest Wesdome Gold Mines Ltd. on the TSX is awaiting a decisive move. This mix signals that Wesdome Gold Mines Ltd. is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 59.59

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 74.11

Bullish
Buying momentum building without extremes.

Williams %R: -2.73

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 5.41

Strongly Bullish
Strong upside momentum.

Takeaway:Wesdome Gold Mines Ltd. shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 0.87

Bullish
Bullish, trend momentum is strengthening.

ADX: 20.61

Moderate
Moderate trend, direction gaining strength.

ATR (14): 1.55

Low
Low volatility, stable price action.

CCI (14): 142.53

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Wesdome Gold Mines Ltd. shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$36.51
Middle Band (SMA 20)
$34.23
Lower Band
$31.95
Current Position
Within Bands

Takeaway:Wesdome Gold Mines Ltd. trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$36.88
Middle Line (EMA 20)
$33.79
Lower Channel
$30.70
Squeeze Status
Squeeze On

Takeaway:Wesdome Gold Mines Ltd. trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume92.40K
Money Flow Index53.48Neutral, balanced money flows with no clear signal.
Relative Vigor Index44.13Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:WDO.TO shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of Wesdome Gold Mines Ltd. (TSX: WDO.TO), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for Wesdome Gold Mines Ltd. are mixed, suggesting a Hold or wait-and-see approach.

(TSX: WDO.TO) Technical Analysis FAQ