Technical Analysis for WEF - Western Forest Products Inc.

Grade Last Price % Change Price Change
F 0.450 -1.10% -0.005
WEF closed down 1.1 percent on Friday, November 22, 2024, on 38 percent of 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 oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
180 Bearish Setup Bearish Swing Setup 0.00%
Narrow Range Bar Range Contraction 0.00%
Doji - Bearish? Reversal 0.00%
Oversold Stochastic Weakness 0.00%
Doji - Bearish? Reversal -1.10%
Oversold Stochastic Weakness -1.10%
180 Bearish Setup Bearish Swing Setup 0.00%
Stochastic Buy Signal Bullish 0.00%
Narrow Range Bar Range Contraction 0.00%

   Recent Intraday Alerts

Alert Time
Down 2% 1 day ago
10 DMA Resistance 1 day ago
Fell Below 10 DMA 1 day ago
10 DMA Support 1 day ago
Down 1% 1 day ago

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Profile

Western Forest Products Inc. Description

Western Forest Products Inc. is a softwood forest products company, operating in the coastal region of British Columbia. The Company's primary business includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and lumber remanufacturing. The Company's log and lumber products are sold throughout the world. Its business includes the harvesting of timber, reforestation, forest management, the manufacturing and sale of lumber and wood chips, and the sale of logs. Its Lumber by species include hemlock and balsam; douglas fir; yellow and western red cedar. Its Logs include saw logs and pulp logs. Its eight facilities produce a multitude of products from framing material to timbers, decking and siding; components for doors, windows and moldings, and niche products for customers throughout the world. Its other products include Hem-Fir products, such as Green Hem Fir, Kiln-Dried Hem-Fir and Structural Hem-Fir products, and Sitka Spruce products.


Classification

Sector: Basic Materials
Industry: Lumber & Wood Production
Keywords: Manufacturing Dow Wood Door Milling Forestry Pulp Wood Products Lumber Cedar Woodworking Deck Doors Softwood Timber Industry Forest Products Logging Molding Papermaking Siding Wood Chips Lumber Products Forest Management Framing Remanufacturing Sawmill Western Forest Products

Is WEF 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 0.77
52 Week Low 0.405
Average Volume 526,247
200-Day Moving Average 0.513
50-Day Moving Average 0.497
20-Day Moving Average 0.475
10-Day Moving Average 0.453
Average True Range 0.025
RSI (14) 42.20
ADX 12.24
+DI 16.957
-DI 21.304
Chandelier Exit (Long, 3 ATRs) 0.475
Chandelier Exit (Short, 3 ATRs) 0.510
Upper Bollinger Bands 0.531
Lower Bollinger Band 0.418
Percent B (%b) 0.28
BandWidth 23.857
MACD Line -0.015
MACD Signal Line -0.013
MACD Histogram -0.002
Fundamentals Value
Market Cap 168.84 Million
Num Shares 375 Million
EPS 0.06
Price-to-Earnings (P/E) Ratio 7.89
Price-to-Sales 0.50
Price-to-Book 0.76
PEG Ratio 0.73
Dividend 0.09
Dividend Yield 20.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.465
Resistance 3 (R3) 0.467 0.463 0.463
Resistance 2 (R2) 0.463 0.460 0.463 0.462
Resistance 1 (R1) 0.457 0.457 0.455 0.455 0.461
Pivot Point 0.453 0.453 0.453 0.453 0.453
Support 1 (S1) 0.447 0.450 0.445 0.445 0.439
Support 2 (S2) 0.443 0.447 0.443 0.438
Support 3 (S3) 0.437 0.443 0.438
Support 4 (S4) 0.435