Technical Analysis for WRES - W Resources Plc

Grade Last Price % Change Price Change
grade F 0.115 4.55% 0.01
WRES closed up 4.55 percent on Thursday, April 2, 2020, on 32 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down
Historical WRES trend table...

Date Alert Name Type % Chg
Boomer Sell Setup Bearish Swing Setup 0.00%
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
MACD Bullish Signal Line Cross Bullish 4.55%
Wide Bands Range Expansion 4.55%
Oversold Stochastic Weakness 4.55%
MACD Bearish Signal Line Cross Bearish 9.52%
Volume Surge Other 9.52%

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W Resources Plc is engaged in the tungsten production, exploration and development through its subsidiaries, which include Iberian Resources Spain SL and Australian Iron Ore Plc. The Company's segments include Mineral Exploration and Corporate. Its projects include La Parrilla and Regua. The La Parrilla Project area is situated in the Extremadura region of southwest Spain, in the Provinces of Caceres-Badajoz, approximately 310 kilometers southwest of Madrid and over 240 kilometers north of the city of Seville. The La Parrilla Project property comprises approximately three mineral concessions, covering over 1,000 hectares. The Company owns a permit for the exploration of the Regua tungsten deposit located approximately 400 kilometers North of Lisbon and over 90 kilometers East of Porto. Regua tungsten deposit has a resource of approximately 4.46 million tons grading over 0.308% tungsten tri-oxide (WO3), at a cut-off of 0.10%, covering an area of approximately eight square kilometers.
Chemistry Tungsten Tungsten Mining

Is WRES a Buy, Sell or Hold?

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


Indicator Value
52 Week High 0.58
52 Week Low 0.091
Average Volume 23,508,288
200-Day Moving Average 0.34
50-Day Moving Average 0.24
20-Day Moving Average 0.15
10-Day Moving Average 0.12
Average True Range 0.03
ADX 45.78
+DI 11.20
-DI 30.93
Chandelier Exit (Long, 3 ATRs ) 0.19
Chandelier Exit (Short, 3 ATRs ) 0.17
Upper Bollinger Band 0.25
Lower Bollinger Band 0.06
Percent B (%b) 0.3
BandWidth 122.61
MACD Line -0.04
MACD Signal Line -0.04
MACD Histogram 0.0013
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.13
Resistance 3 (R3) 0.13 0.13 0.13
Resistance 2 (R2) 0.13 0.12 0.13 0.13
Resistance 1 (R1) 0.12 0.12 0.12 0.12 0.13
Pivot Point 0.12 0.12 0.12 0.12 0.12
Support 1 (S1) 0.11 0.11 0.11 0.11 0.10
Support 2 (S2) 0.11 0.11 0.11 0.10
Support 3 (S3) 0.10 0.11 0.10
Support 4 (S4) 0.10