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West Red Lake Gold Mines Ltd.

WRLGF•PNK
Basic Materials
Gold
$0.86
$-0.04(-4.44%)
U.S. Market opens in 6h 23m

West Red Lake Gold Mines Ltd. (WRLGF) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for West Red Lake Gold Mines Ltd. (PNK:WRLGF).

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

WRLGF Technical Analysis Summary

West Red Lake Gold Mines Ltd. stock currently shows a bullish trend, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Neutral to Bullish (RSI: 54.98)
Trend Strength:Moderate (ADX: 25.66)
Volatility:High (ATR: 0.07)
Support/Resistance:$0.78 – $1.03 (Bollinger Bands)

Technical conditions suggest West Red Lake Gold Mines Ltd. is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 54.98

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 56.20

Neutral
Mid-range signal with no clear trend.

Williams %R: -27.85

Bullish
Buying pressure building steadily.

Rate of Change (ROC): 6.90

Strongly Bullish
Strong upside momentum.

Takeaway:West Red Lake Gold Mines Ltd. shows steady upward momentum, supported by improving signals.

Trend & Volatility

MACD: 0.01

Bullish
Bullish, trend momentum is strengthening.

ADX: 25.66

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.07

Low
Low volatility, stable price action.

CCI (14): 70.29

Bullish
Bullish, momentum building upward.

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

Support & Resistance indicators
Bollinger Bands
Upper Band
$1.03
Middle Band (SMA 20)
$0.90
Lower Band
$0.78
Current Position
Within Bands

Takeaway:West Red Lake Gold Mines Ltd. trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$1.02
Middle Line (EMA 20)
$0.88
Lower Channel
$0.75
Squeeze Status
Squeeze On

Takeaway:West Red Lake Gold Mines Ltd. trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume10.82M
Money Flow Index42.05Neutral, balanced money flows with no clear signal.
Relative Vigor Index60.01Bullish, price momentum strongly favors buyers.

Overall Takeaway:WRLGF shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of West Red Lake Gold Mines Ltd., 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.

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

Bearish Signals

No significant bearish signals detected.

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

Technical Analysis FAQ