WRN Should I Buy
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$
0.000
0.000(0.000%)
At close0.000(0.000%)Aft-market
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Not a good buy right now. WRN just suffered a sharp -17% regular-session drop and closed slightly below key support (S1 ~3.272), while downside momentum (bearish, expanding MACD histogram) is still building. With no Intellectia buy signals today and no fresh news catalyst to reverse sentiment immediately, an impatient buyer is more likely to experience additional drawdown than a quick rebound. I would wait for stabilization back above ~3.27–3.30 and ideally reclaim the 3.70 pivot before considering an entry.
Price/Trend: WRN closed at 3.2675 after a steep selloff (-17.14% vs prior close 3.85) and sits marginally below S1 (3.272), increasing the risk of a follow-through move toward S2 (3.008). Momentum: MACD histogram -0.0234 and negatively expanding = bearish momentum is strengthening short-term. RSI: RSI(6) ~29.97, near oversold territory; this can support a bounce, but oversold alone is not a reliable buy trigger when MACD is worsening. Moving averages: SMA_5 > SMA_20 > SMA_200 is structurally bullish, suggesting the longer trend may still be constructive, but the current tape is a sharp pullback within that structure. Levels: Pivot 3.7 (needs reclaim to improve near-term outlook). Resistance: 4.128 then 4.392. Support: 3.272 then 3.008. Pattern/stat model: Similar-pattern stats imply modest downside next day/week (60% chance to -0.52% next day; -0.11% next week) but a positive 1-month bias (+6.87%), supporting the idea that this is a “needs confirmation” dip rather than an immediate buy.
suggests the broader trend may still be intact despite the current shock move.
with a negatively expanding MACD histogram signals continuing downside pressure.
Latest reported quarter: 2025/Q3. Revenue: 0 (no YoY change shown), consistent with a pre-revenue/mining-development profile rather than an operating growth story. Earnings: Net income -$890,292, improving 30.78% YoY (loss narrowing), but still negative. EPS and gross margin: Both reported as 0 with no YoY change, reinforcing that the core driver is likely project/development progress rather than near-term operating fundamentals. Bottom line: Financials show reduced losses but no revenue traction; near-term price action is more catalyst/commodity/project-sentiment driven than fundamentals-driven.
Recent trend: Upward revision. On 2026-01-07, H.C. Wainwright maintained a Buy rating and raised its price target to C$5.75 from C$4.25 (citing an increased price target deck). Wall Street pros: Clear upside framing via higher target and continued Buy. Wall Street cons: Only one cited update here; with limited breadth of coverage in the provided data, the bullish view may not reflect broad consensus. The recent sharp price break also suggests market participants are currently discounting the story despite the target raise. Intellectia Proprietary Trading Signals:
