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    Technical Analysis for WGX - Westgold Resources Ltd  

    Grade Last Price % Change Price Change
    B 2.270 5.58% 0.120
    WGX closed up 5.58 percent on Friday, April 26, 2024, on 1.21 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.
    Earnings due: May 2
    *** please verify all earnings dates ***
    4 Watchers
    Watchlist Portfolio

    Trend Table & Recent EOD Trading Signals

    ADX Long Term Intermediate Term Short Term
    Weak or Absent Up Up Up
    Historical WGX trend table...
    Date Alert Name Type % Chg
    20 DMA Resistance Bearish 0.00%
    Crossed Above 50 DMA Bullish 0.00%
    Wide Bands Range Expansion 0.00%
    Gapped Up Strength 0.00%
    Fell Below 50 DMA Bearish 5.58%
    Outside Day Range Expansion 5.58%
    Wide Bands Range Expansion 5.58%
    Narrow Range Bar Range Contraction 0.89%
    Inside Day Range Contraction 0.89%
    Wide Bands Range Expansion 0.89%
    Older End-of-Day Signals for WGX ...

       Recent Intraday Alerts

    Alert Time
    20 DMA Resistance about 20 hours ago
    Rose Above Previous Day's High 1 day ago
    Rose Above 20 DMA 1 day ago
    Up 1 ATR 1 day ago
    Rose Above 50 DMA 1 day ago
    View Earlier Intraday Alerts

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    WGX Chart by TradingView
    Basic chart:

    Profile

    Westgold Resources Limited is engaged in exploration for minerals. The Company’s focus is on development and production from its projects, the Central Murchison Gold Project (CMGP) in Western Australia and the Rover Project in the Northern Territory, which contain a combined 3.92 million ounce Gold Equivalent Joint Ore Reserves Committee (JORC) resource base. The projects are located within two geological provinces that have historical combined production in excess of 10 million ounces of gold. The CMGP is located south of Cue in Western Australia where the Company holds 313 kilometer square of predominantly granted mining tenements. The Rover Project consists of 1,172 square kilometres of contiguous granted tenements. In October 2012, Metals X Ltd merged with the Company.
    Classification
    Sector: Basic Materials
    Industry: Gold
    Keywords: Exploration Mining Gold Metal Minerals Metals Goldfields Esperance Vale Mg Joint Ore Reserves Committee

    Is WGX a Buy, Sell or Hold?

    Indicator Bull Case Neutral / Hold Bear Case
    50 DMA
    200 DMA
    ADX Trend
    Oversold / Overbought
    Relative Strength
    Counts: 3 bullish, 0 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.

    Recent News

    Date Title
    Apr 9 Westgold Resources Limited's (ASX:WGX) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock?
    Apr 8 UPDATE 1-Australia's Westgold to buy Karora Resources in $808 mln deal
    Apr 8 KARORA RESOURCES ANNOUNCES MERGER TRANSACTION WITH WESTGOLD RESOURCES
    Mar 11 Institutional investors control 70% of Westgold Resources Limited (ASX:WGX) and were rewarded last week after stock increased 12%
    Jan 8 OTC Markets Group Welcomes Westgold Resources Limited to OTCQX
    Jan 8 While shareholders of Westgold Resources (ASX:WGX) are in the black over 5 years, those who bought a week ago aren't so fortunate
    Dec 7 Clean Energy and Precious Metals Virtual Investor Conference: Presentations Now Available for Online Viewing
    Nov 30 Clean Energy and Precious Metals Virtual Investor Conference Agenda Announced for December 4th- December 6th, 2023
    Nov 30 Westgold Resources to Present at the Clean Energy and Precious Metals Virtual Investor Conference December 6th
    See more WGX news...

    Comments

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    Indicators

    Indicator Value
    52 Week High 2.77
    52 Week Low 1.3297
    Average Volume 4,627,770
    200-Day Moving Average 1.956
    50-Day Moving Average 2.225
    20-Day Moving Average 2.282
    10-Day Moving Average 2.197
    Average True Range 0.117
    RSI (14) 50.74
    ADX 19.2
    +DI 29.436
    -DI 27.860
    Chandelier Exit (Long, 3 ATRs) 2.421
    Chandelier Exit (Short, 3 ATRs) 2.380
    Upper Bollinger Bands 2.641
    Lower Bollinger Band 1.923
    Percent B (%b) 0.48
    BandWidth 31.471
    MACD Line -0.022
    MACD Signal Line -0.020
    MACD Histogram -0.0026
    Fundamentals Value
    Market Cap 962.15 Million
    Num Shares 424 Million
    EPS 0.09
    Price-to-Earnings (P/E) Ratio 26.40
    Price-to-Sales 1.84
    Price-to-Book 1.84
    Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
    Resistance 4 (R4) 2.465
    Resistance 3 (R3) 2.457 2.383 2.433
    Resistance 2 (R2) 2.383 2.334 2.388 2.422
    Resistance 1 (R1) 2.327 2.303 2.355 2.335 2.411
    Pivot Point 2.253 2.253 2.268 2.258 2.253
    Support 1 (S1) 2.197 2.204 2.225 2.205 2.129
    Support 2 (S2) 2.123 2.173 2.128 2.118
    Support 3 (S3) 2.067 2.123 2.108
    Support 4 (S4) 2.075