Wheaton Precious Metals Stock Technical Analysis

WPM Stock  CAD 70.59  0.75  1.05%   
As of the 16th of April 2024, Wheaton Precious maintains the Mean Deviation of 1.49, downside deviation of 2.11, and Market Risk Adjusted Performance of 0.1836. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Wheaton Precious Metals, as well as the relationship between them. Specifically, you can use this information to find out if the company will indeed mirror its model of past data patterns, or the prices will eventually revert. We have collected data for nineteen technical drivers for Wheaton Precious Metals, which can be compared to its peers. Please check out Wheaton Precious Metals information ratio, as well as the relationship between the value at risk and expected short fall to decide if Wheaton Precious Metals is priced fairly, providing market reflects its latest price of 70.59 per share.

Wheaton Precious Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Wheaton, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Wheaton
  
Wheaton Precious' Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Wheaton Precious technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Wheaton Precious technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Wheaton Precious trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Wheaton Precious Metals Technical Analysis

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The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Wheaton Precious Metals volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Wheaton Precious Metals Trend Analysis

Use this graph to draw trend lines for Wheaton Precious Metals. You can use it to identify possible trend reversals for Wheaton Precious as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Wheaton Precious price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Wheaton Precious Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Wheaton Precious Metals applied against its price change over selected period. The best fit line has a slop of   0.11  , which means Wheaton Precious Metals will continue generating value for investors. It has 122 observation points and a regression sum of squares at 499.23, which is the sum of squared deviations for the predicted Wheaton Precious price change compared to its average price change.

About Wheaton Precious Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Wheaton Precious Metals on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Wheaton Precious Metals based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Wheaton Precious Metals price pattern first instead of the macroeconomic environment surrounding Wheaton Precious Metals. By analyzing Wheaton Precious's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Wheaton Precious's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Wheaton Precious specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 (projected)
Dividend Yield0.01140.01350.0119
Price To Sales Ratio15.9516.5521.96

Wheaton Precious April 16, 2024 Technical Indicators

Most technical analysis of Wheaton help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Wheaton from various momentum indicators to cycle indicators. When you analyze Wheaton charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
When determining whether Wheaton Precious Metals is a strong investment it is important to analyze Wheaton Precious' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Wheaton Precious' future performance. For an informed investment choice regarding Wheaton Stock, refer to the following important reports:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wheaton Precious Metals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Complementary Tools for Wheaton Stock analysis

When running Wheaton Precious' price analysis, check to measure Wheaton Precious' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Wheaton Precious is operating at the current time. Most of Wheaton Precious' value examination focuses on studying past and present price action to predict the probability of Wheaton Precious' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wheaton Precious' price. Additionally, you may evaluate how the addition of Wheaton Precious to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Wheaton Precious' value and its price as these two are different measures arrived at by different means. Investors typically determine if Wheaton Precious is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wheaton Precious' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.