VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

WRN Forecast and Technical Stock Analysis

Hold candidate since 2019-07-18

Western Copper and Gold Corp fell by -2.36% in the last day ( Thursday, 18th Jul 2019 ) from $0.67 to $0.65 and has now fallen 4 days in a row. During day the stock fluctuated 18.90% from a day low at $0.57 to a day high of $0.68. The price has fallen in 6 of the last 10 days and is down by -2.02% for this period. Volume has increased in the last day by 111 158 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 161 303 shares bought and sold for approximately $105 524.00.

Quick summary:

  • 30 day high of the WRN stock price was $0.69 and low was $0.57.
  • 90 day high was $0.69 and low was $0.45.
  • 52 week high for the Western Copper and Gold Corp - $0.85 and low - $0.35.
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Trend

Western Copper and Gold Corp lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 38.51% during the next 3 months and, with 90% probability hold a price between $0.83 and $1.03 at the end of this period.

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Signals

There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Monday July 15, 2019, which indicates further falls until a new bottom pivot has been found. Western Copper and Gold Corp gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's". Western Copper and Gold Corp holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $0.67. On a fall, the stock will find some support from the long-term average at approximately $0.62. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 43 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $0.54 and $0.51.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Western Copper and Gold Corp finds support just below today's level at $0.54. If this is broken, then the next support from accumulated volume will be at $0.51 and $0.50.

Support: $0.54 Price: $0.65 Resistance: $0.66

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.11 (18.90%) between high and low. For the last week, the stock has had a daily average volatility of 6.35%.

Our recommended stoploss: $0.62 (-4.99%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 3 days ago.)

6.35 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Downgraded

Evaluation

Western Copper and Gold Corp holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

Previous Hold Today WRN ranks #2101 as HOLD CANDIDATE #2101 Next Hold

Will WRN stock price go up or down on Mon, 22 Jul 2019?

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