Technical Analysis for WFG - West Fraser Timber Co. Ltd

Grade Last Price % Change Price Change
B 87.78 1.83% 1.58
WFG closed down 0.89 percent on Monday, January 30, 2023, on 1.75 times normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.
Earnings due: Feb 13
*** please verify all earnings dates ***

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 1.83%
Stochastic Sell Signal Bearish 1.83%
Lizard Bearish Bearish Day Trade Setup 1.83%
Slingshot Bullish Bullish Swing Setup 1.83%
Calm After Storm Range Contraction 1.83%
Doji - Bearish? Reversal 1.83%
Upper Bollinger Band Walk Strength 1.83%
Outside Day Range Expansion 1.83%
Above Upper BB Strength 1.83%
Overbought Stochastic Strength 1.83%

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
60 Minute Opening Range Breakout about 2 hours ago
Up 1% about 3 hours ago
Fell Below Upper Bollinger Band about 3 hours ago
Possible Pocket Pivot about 24 hours ago
3x Volume Pace 1 day ago

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Profile

West Fraser Timber Co. Ltd Description

West Fraser Timber Co. Ltd., a diversified wood products company, produces and sells lumber, panels, and pulp and papers in western Canada and the southern United States. It offers spruce-pine-fir, Douglas Fir-Larch, Hem-Fir tree, and southern yellow pine lumber; treated wood products; and newsprint, wood chips, and other residuals and energy products. The company also provides medium density fiberboard panels and plywood; laminated veneer lumber wood products; and northern bleached softwood Kraft pulp used to produce various paper products, including printing and writing papers, specialty grades, and various tissue products. In addition, it offers bleached chemical thermo-mechanical pulp that is used to produce coated board grades, printing and writing paper, and paper towel/napkin grades, as well as specialty papers and tissue grades. The company exports lumber to the Far East, Asia, the Caribbean, Europe, the Middle East, and South America. West Fraser Timber Co. Ltd. was founded in 1955 and is based in Vancouver, Canada.


Classification

Sector: Basic Materials
Industry: Lumber & Wood Production
Keywords: Printing Natural Resources Wood Products Paper Products Forestry Energy Products Paper Pulp Papermaking Pulp And Paper Industry Tissue Products Wood Newsprint Wood Chips Northern Bleached Softwood Kraft

Is WFG a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 102.9637
52 Week Low 68.75
Average Volume 119,786
200-Day Moving Average 82.13
50-Day Moving Average 76.53
20-Day Moving Average 76.19
10-Day Moving Average 78.50
Average True Range 2.78
RSI 72.97
ADX 24.46
+DI 43.91
-DI 11.84
Chandelier Exit (Long, 3 ATRs) 80.04
Chandelier Exit (Short, 3 ATRs) 79.05
Upper Bollinger Bands 85.75
Lower Bollinger Band 66.62
Percent B (%b) 1.02
BandWidth 25.11
MACD Line 2.48
MACD Signal Line 0.80
MACD Histogram 1.6835
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 90.10
Resistance 3 (R3) 90.40 89.39 89.45
Resistance 2 (R2) 89.39 88.40 89.25 89.23
Resistance 1 (R1) 87.80 87.79 87.30 87.50 89.02
Pivot Point 86.79 86.79 86.54 86.65 86.79
Support 1 (S1) 85.20 85.80 84.70 84.90 83.38
Support 2 (S2) 84.19 85.19 84.05 83.17
Support 3 (S3) 82.60 84.19 82.95
Support 4 (S4) 82.30