WPM technical analysis
WPM Technical Analysis
Analysis date
August 6, 2026
Market
NYSE (USD)
Daily cutoff
August 5, 2026
Reliability
Passed
Informational use only. This page is not investment advice.
Data verification
WPM Data Verification
Checking the latest completed daily bar for date and closing-price consistency before indicators are calculated.
- Symbol
- WPM
- Market
- NYSE
- Currency
- USD (US Dollar)
- Latest completed bar
- August 5, 2026
Historical prices are adjusted for corporate actions when applicable. Date and closing-price consistency checks passed for the latest completed daily bar.
| Validation series | Latest Close | Date | Difference | Status |
|---|---|---|---|---|
| Calculation series | 122.82 | August 5, 2026 | - | Verified |
| Verification series | 122.82 | August 5, 2026 | 0.00% | Verified |
Bottom line
WPM Technical Analysis Summary
WPM (Wheaton Precious Metals) shows a sharp short-term rebound within a longer-term correction as of early August 2026. On the daily chart, price at 122.82 has surged back above SMA20 (110.19) and SMA50 (115.58) on more than double its 20-day average volume, with RSI14 at 63.52 and a positive MACD histogram, but it remains just below SMA200 (124.06). The weekly timeframe, ending the week of July 27, 2026, still shows price below SMA20 (124.10) and SMA50 (120.60) while holding well above SMA200 (70.98), preserving the multi-year uptrend. The stock is up about 28.5% over the past year on the daily chart and roughly 210% over five years on the weekly chart. Immediate resistance sits at SMA200 (124.06) and the 20-day high (125.50), while support comes from SMA50 (115.58), SMA20 (110.19), and the 20-day low (101.59).
Multi-timeframe dashboard
Multi-Timeframe Technical Dashboard
Comparing daily (2-year) and weekly (5-year) perspectives to identify aligned or conflicting signals.
Daily (August 5, 2026)
- Trend
- Mixed with a strong short-term rebound. Price at 122.82 is above SMA20 (110.19, +11.46%) and SMA50 (115.58, +6.26%) but below SMA200 (124.06, -1.00%). The rebound has quickly carried price back above the two faster averages, yet the close below SMA200 keeps the longer-term structure corrective until that level is reclaimed.
- Momentum
- Bullish short term. RSI14 at 63.52 is above the 50 midline without being overbought. The MACD line at 0.19 has crossed above the signal line at -1.47 with a positive histogram of 1.66, a sharp turnaround from the negative readings seen in recent weeks.
- Volatility
- Elevated. ATR14 at 4.83 (3.93% of price) reflects larger daily swings during the rebound. Price at 122.82 is trading above the upper Bollinger Band at 118.40, with the bands spanning 101.98 to 118.40, indicating an extended move that may warrant a pause or consolidation.
- Volume
- Well above average. Latest volume of 3,576,200 is 214.4% of the 20-period average (1,668,335), showing strong participation behind the rebound.
Assessment
The daily chart shows a powerful rebound from the 20-day low at 101.59. Price has reclaimed SMA20 and SMA50 on volume at roughly double the 20-day average, with RSI at 63.52 and a fresh positive MACD crossover. The immediate hurdle is SMA200 at 124.06 and the 20-day high at 125.50. A close above those levels would confirm a reversal of the recent correction, while a drop below SMA50 at 115.58 would signal the rebound has run its course. The move looks extended relative to the upper Bollinger Band, so some consolidation near current levels would be normal.
Weekly (July 27, 2026 week)
- Trend
- Mixed. Price at 109.03 is below SMA20 (124.10) and SMA50 (120.60) but well above SMA200 (70.98, +53.61%), so the medium-term correction continues within a longer-term uptrend. The most recent weekly close predates the sharp daily rally, and a weekly close back above SMA20 would be needed to confirm the daily turn.
- Momentum
- Neutral to soft. Weekly RSI14 at 43.80 is below the 50 midline. The MACD line at -4.40 is below the signal line at -1.29 with a negative histogram of -3.10, so weekly momentum has not yet turned up.
- Volatility
- High. ATR14 at 12.29 (11.28% of price) reflects wide weekly ranges for a precious metals streaming stock. Bollinger Bands span 98.48 to 149.73, with price in the lower half of the range.
- Volume
- Below average. Weekly volume of 7,783,000 is 74.3% of the 20-week average (10,472,410), showing moderate participation during the pullback.
Assessment
The weekly chart still reflects a pullback within a multi-year uptrend. Price is below SMA20 and SMA50 but holds well above SMA200 at 70.98, and the 252-period return of +210.07% keeps the long-term structure intact. Weekly RSI at 43.80 and a negative MACD histogram show the correction has not yet reversed on this timeframe. Because the weekly cutoff ends the week of July 27, 2026, it does not yet include the recent daily surge. A weekly close above SMA20 (124.10) would be the first sign the medium-term trend is turning back up, while a break below the 20-week low at 101.59 would raise the risk of a deeper decline toward the 60-week low at 85.33.
Key indicators
WPM Key Technical Indicators
RSI, MACD, moving averages, ATR, and Bollinger Bands across daily and weekly timeframes.
| Indicator | Daily | Weekly |
|---|---|---|
| RSI (14) | 63.52 | 43.80 |
| MACD (12, 26, 9) | 0.19 / -1.47 / 1.66 | -4.40 / -1.29 / -3.10 |
| ATR (14) | 4.83 (3.93%) | 12.29 (11.28%) |
| Bollinger Bands (20, 2) | 101.98 - 118.40 | 98.48 - 149.73 |
| SMA (20) | 110.19 | 124.10 |
| SMA (50) | 115.58 | 120.60 |
| SMA (200) | 124.06 | 70.98 |
Price structure
WPM Price Structure and Returns
Price performance across multiple lookback periods and 52-week position.
| Metric | Daily | Weekly |
|---|---|---|
| Current Price | 122.82 | 109.03 |
| 1-Period Return | +6.42% | -2.20% |
| 5-Period Return | +12.21% | -3.79% |
| 20-Period Return | +14.15% | -21.81% |
| 60-Period Return | -11.41% | +23.30% |
| 252-Period Return | +28.51% | +210.07% |
| 52-Week Low | 90.67 | 90.67 |
| 52-Week High | 165.25 | 165.25 |
| 52-Week Position | 43.11% | 24.62% |
Key levels
WPM Support and Resistance Levels
Key price levels based on recent swing highs and lows across daily and weekly timeframes.
| Level | Daily | Weekly |
|---|---|---|
| 20-Period High | 125.50 | 153.94 |
| 20-Period Low | 101.59 | 101.59 |
| 60-Period High | 145.39 | 165.25 |
| 60-Period Low | 101.59 | 85.33 |
Scenarios
WPM Technical Scenarios
Conditions, invalidation triggers, and what to watch for each scenario.
Bullish
Trigger
Price holds above SMA50 (115.58) and breaks above SMA200 (124.06) and the 20-day high of 125.50 on expanding volume, confirming a daily trend reversal. A weekly close back above SMA20 (124.10) would add medium-term confirmation.
Invalidation
Price fails below SMA50 (115.58) and falls back under SMA20 (110.19), reversing the rebound.
What to watch
Daily RSI staying above 60; MACD histogram continuing to expand; weekly RSI reclaiming the 50 level; volume staying above the 20-period average; gold and silver price action for sector confirmation.
Range-Bound
Trigger
Price oscillates between SMA50 support (115.58) and SMA200 resistance (124.06), reflecting uncertainty after the sharp rebound and the still-negative weekly structure.
Invalidation
A decisive break above 125.50 or below 110.19 on increasing volume.
What to watch
RSI holding between 45 and 65; MACD histogram flattening around zero; volume returning toward average; the 60-day high at 145.39 and the weekly SMA20 at 124.10 acting as the upper boundary.
Bearish
Trigger
Price fails to hold SMA50 (115.58) and breaks below SMA20 (110.19), targeting the 20-day low at 101.59. A loss of that level would open the 60-week low at 85.33.
Invalidation
Price reclaims and holds above SMA50 (115.58), establishing a higher low above 110.19.
What to watch
Daily RSI falling below 50; MACD histogram turning negative; rising volume on down days; the weekly SMA200 at 70.98 as the major structural support.
Methodology
Methodology and Limitations
This technical analysis is calculated locally from adjusted OHLCV history. The daily series ends August 5, 2026, and the weekly series ends July 27, 2026 week. The latest completed daily bar is independently checked for date and closing-price consistency. Historical prices are adjusted for corporate actions when applicable. Indicators include Wilder RSI(14), MACD(12,26,9), SMA20/50/200, Wilder ATR(14), Bollinger Bands(20,2), relative volume, multi-period returns, and price-range levels. Support and resistance are descriptive zones, not guaranteed reversal points. Historical patterns do not predict future prices, and this page is not investment advice.
Frequently Asked Questions
This technical analysis is for informational and educational purposes only. It does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Past performance and historical patterns are not guarantees of future results. All investments carry risk, including the potential loss of principal. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Market data is checked for date and closing-price consistency before indicators are calculated. Data cutoffs: daily August 5, 2026, weekly July 27, 2026 week. Generated August 6, 2026.
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