WAF | Australian Stock Exchange

West African Resources
+ Share

Close for WAF has surpassed the close of the previous trading session
Closing Price /
Close for WAF has surpassed the close of the previous trading session

[BULLISH]: West African Resources current uptrend in the first timeframe. Currently, the Close is $0.35.

The Volume MACD continues to fall below the signal line for WAF [Bearish]
MACD Volume /
The Volume MACD continues to fall below the signal line for WAF [Bearish]

[BEARISH]: West African Resources currently has negative Volume MACD of -27272. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Aroon Oscillator /
West African Resources: ARO(40) has signalled an uptrend is current

[BULLISH]: West African Resources has a current ARO(25) of 40. This has change 0 points from yesterday.

Triangular Moving Average /
Triangular Moving Average(5) signal continues for West African Resources indicating downward price movement is likely

WAF: TMA Current Signal -> (1) 20 Jul: BEARISH (2) 19 Jul: BEARISH (3) 18 Jul: BEARISH

Bull Belt-Hold /
West African Resources: Bull Belt-Hold

[BULLISH]: West African Resources has formed a new Bull Belt-Hold reversal pattern.

Close Tod Vs Range Tod /
Daily trading for WAF indicated buyers are now in control

[BULLISH]: West African Resources buyers are in control at the market close. This is the first day of buyer commitment for West African Resources adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 85 trading days with the closing price in the upper part of the range giving a confirmation ratio of 32.3%. Over the last month there has been 7 trading days with the closing price in the upper range giving a confirmation ratio of 46.7%. Currently this quarter, closing price has spent 7 days in the upper price range compared to 5 days in the lower range giving a ratio of 1.4x.

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Volume /
Volume for WAF has not surpassed the volume of the previous trading session

[BEARISH]: West African Resources current volume downtrend in the first timeframe. Volume for WAF is 497366 (-5.0).

West African Resources: ATR (0.015) has signalled an downtrend is current
Average True Range /
West African Resources: ATR (0.015) has signalled an downtrend is current

[Bearish]: Average True Range has confirmed an downtrend is present. West African Resources has a TR of 0.005, and an ATR(14) of 0.015.

West African Resources: Rate of Change (14)
Rate of Change /
West African Resources: Rate of Change (14)

[BEARISH]: West African Resources currently has negative rate of change of -5.405%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Average Directional Movement /
West African Resources has signalled an Average Directional Index weak trend present

[Weak Trend]: ADX for WAF has confirmed a weak trend is present. West African Resources has an ATR(14) of 0.015, a DX of 20.05 & an ADX(14) of 21.97

On Balance Volume /
West African Resources: Confirmation of stock accumulation

[BULLISH]: West African Resources current price has highlighted recent accumulation. Currently, the OBV is 4.22036e+006.

Stochastic Oscillator /
Stochastic Oversold signal is still current for West African Resources [Bullish]

WAF: Stochastic Oscillator Trading -> (1) 20 Jul: 14.3 (2) 19 Jul: 0 (3) 18 Jul: 11.1

West African Resources currently has negative volume rate of change for -72
Volume Rate of Change /
West African Resources currently has negative volume rate of change for -72

[BEARISH]: West African Resources currently has negative rate of change of -72%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 1.4%.

West African Resources: Percentage Volume Oscillator (-22.98)
Percentage Volume /
West African Resources: Percentage Volume Oscillator (-22.98)

[BEARISH]: West African Resources currently has negative PVO -22.98%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -2.8%.

Price Range /
Recent trading for West African Resources fell short of the previous price range ($0.005)

[BEARISH]: West African Resources current downtrend in the first timeframe. Currently, the Range is $0.005.

Money Flow Index /
Oversold MFI signal for West African Resources @ 19.57

WAF: MFI Current Signal -> (1) 20 Jul: BEARISH (2) 19 Jul: BEARISH CROSSOVER (3) 18 Jul: NEUTRAL

High Price /
Weaker price performance from WAF has seen a lower high of -1.4 % [Downtrend]

[BEARISH]: West African Resources current downtrend in the first timeframe. Currently, the HIGH is -1.4 %.

West African Resources: Sine Weighted Moving Average(5) (0.35)
Sine Weighted Moving Average /
West African Resources: Sine Weighted Moving Average(5) (0.35)

[BULLISH]: West African Resources currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 1.4%.

MACD for West African Resources continues to lose momentum @-0.0051
MACD /
MACD for West African Resources continues to lose momentum @-0.0051

[BEARISH]: West African Resources currently has negative MACD of -0.0051. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -2.8%.

West African Resources has moved above the R1 DeMark pivot point ($0.3488) [Bullish]
Demarks Pivot Points /
West African Resources has moved above the R1 DeMark pivot point ($0.3488) [Bullish]

West African Resources has broken the first DeMark resistance point ($0.3488) [Bullish]. Look for a long limit order entry near this point. Exit price for WAF should be set @$0.353 & Stoploss for West African Resources should be set at $0.348

Chaikin Money Flow /
Positive divergence for West African Resources @ 0.18

[BULLISH]: West African Resources current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.18. WAF received a confirmed CMF crossover days on the Jul 9 2018. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.28 occurring on the Jul 9 2018.

Percentage Price /
Price percentage oscillator: Upward momentum is still present for West African Resources

[BULLISH]: West African Resources currently has positive PPO 1.095%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Detrended Price Oscillator /
The simple moving average and past price for WAF has confirmed bullish trading conditions

[BULLISH]: West African Resources currently has a confirmed uptrend. Price is currently above the displaced moving average for WAF. Currently, the return on DPO20 is 1.4%.

Exponential Moving Average /
Exponential Moving Average(5) signal continues for West African Resources indicating downward price movement is likely

WAF: EMA(5) Recent Trading -> (1) 20 Jul: 0.3525 (2) 19 Jul: 0.3538 (3) 18 Jul: 0.3581

William %R Oversold signal is still current for West African Resources [Bullish]
Williams %R /
William %R Oversold signal is still current for West African Resources [Bullish]

[BEARISH]: West African Resources is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Open/close reversal: Buyers were in control of trading all day for WAF
Open Tod Vs Close Tod /
Open/close reversal: Buyers were in control of trading all day for WAF

[BULLISH STRONG]: West African Resources opened in the lower part of daily range at 0% & closed in the upper part of the trading range at 100%. This suggests the buyers were in control all day. Over the last 12 months there has been 54 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 20.5%. Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 13.3%.

Daily Volume Index /
WAF: Current trading activity signals DVI accumulation is active

[BULLISH]: West African Resources current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 7088.

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