WAF | Australian Securities Exchange

West African Resources
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West African Resources: Percentage Volume Oscillator @-21.56 [Bearish]
Percentage Volume /
West African Resources: Percentage Volume Oscillator @-21.56 [Bearish]

[BEARISH]: West African Resources currently has negative PVO -21.56%. The recent volume is losing momentum through a fall on the short term exponential moving average.

William %R oversold signal has just been triggered for West African Resources
Williams %R /
William %R oversold signal has just been triggered for West African Resources

WAF: William %R Current Signal -> (1) 16 Oct: BULLISH CROSSOVER (2) 15 Oct: NEUTRAL (3) 12 Oct: BEARISH CROSSUNDER

Black Candle /
WAF Basic Candle: Black

[BEARISH]: West African Resources has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

Momentum /
West African Resources currently has negative momentum of -0.015

[BEARISH]: West African Resources currently has negative momentum of -0.015 This means the current price is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -5.3%.The largest downward momentum rally for the last 3 months is 2 days producing a return of -8.7%.

Elder Ray Index /
West African Resources: Elder Ray Index is -0.02 [Bearish]

[BEARISH]: West African Resources Elder Ray Index is signalling a Bearish movementERI is -0.02 indicating bear power. Prices are being driven below the consensus of value for WAF during the last trading session [Selling Pressure]

Elders Force Index /
Elders Force Index (-153) has signalled selling pressure has initiated for WAF

WAF: Elders Force Index Current Signal -> (1) 16 Oct: BEARISH CROSSOVER (2) 15 Oct: BULLISH CROSSOVER (3) 12 Oct: BEARISH

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Percentage Price /
PPO: The shorter moving average for WAF is still below the longer term moving average

[BEARISH]: West African Resources currently has negative PPO -1.763%. This means the current price is losing momentum through a fall on the short term exponential moving average.

West African Resources: MACD oscillator (0.0006)
MACD /
West African Resources: MACD oscillator (0.0006)

[BULLISH]: West African Resources currently has positive MACD of 0.0006. This means the signal line is greater than the MACD line signalling a bullish movement.

West African Resources has moved below the 161.8% extension level ($1.29) [Bullish]
Fibonacci Extensions /
West African Resources has moved below the 161.8% extension level ($1.29) [Bullish]

West African Resources: The current Fibonacci Extension levels are: (23.61%) $0.27: (38.2%) $0.28: (50%) $0.28: (61.8%) $0.29The current support levels are: (78.6%) $0.29: (100%) $0.3: (138.2%) $0.31: (161.8%) $0.32: (261.8%) $0.36: (423.61%) $0.41

Accumulation / Distribution /
Distribution still active for West African Resources

[BEARISH]: West African Resources (ASX:WAF) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -188047.

Moving Average Envelope /
Closing price for WAF has crossed below the lower envelope triggering a bearish crossover signal

[BEARISH CROSSOVER]: West African Resources current price has driven Envelope Bands to become oversold signalling the continuation of short trading conditions. Currently, the Lower Band is 0.2755.

Bollinger Bands /
West African Resources is still Overbought with the Upper Bollinger Band @$0.3

[BEARISH]: West African Resources is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. The current level is -7.64% with a current width of 9.85.

West African Resources: Camarilla Pivot ($0.272)
Camarilla Pivot Points /
West African Resources: Camarilla Pivot ($0.272)

West African Resources current pivot point Camarilla is: $0.272. The current resistance levels are: (R1) $0.293: (R2) $0.315: (R3) $0.338: (R4) $0.406The current support levels are: (S1) $0.247: (S2) $0.225: (S3) $0.202: (S4) $0.134

Aroon oscillator for West African Resources has signalled an downtrend is active
Aroon Oscillator /
Aroon oscillator for West African Resources has signalled an downtrend is active

[BEARISH]: West African Resources has a current ARU(25) of 72 and a current ARD(25) of 100

Fibonacci Retracements /
West African Resources: 0.618 Fibonacci Retraction (0.29)

West African Resources: The current Fibonacci Retraction levels are: (23.61%) $0.27: (38.2%) $0.28: (50%) $0.28: (61.8%) $0.29The current support levels are: (78.6%) $0.29: (100%) $0.3: (138.2%) $0.31: (161.8%) $0.32: (261.8%) $0.36: (423.61%) $0.41

Volume Rate of Change /
West African Resources: Volume Rate of Change (-70)

WAF: VROC Recent Trading -> (1) 16 Oct: -70.0000 (2) 15 Oct: -14.0000 (3) 12 Oct: 109.0000

Donchian Channels /
Donchian Band Overbought signal is still current for West African Resources [Bearish]

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

Recent trading signals West African Resources is being distributed
On Balance Volume /
Recent trading signals West African Resources is being distributed

[BEARISH]: West African Resources current price has highlighted recent distribution. Currently, the OBV is -37581.5.

West African Resources: Average True Range (0.013) has confirmed an downtrend is present
Average True Range /
West African Resources: Average True Range (0.013) has confirmed an downtrend is present

[Bearish]: Average True Range has confirmed an downtrend is present. West African Resources has a TR of 0.02, and an ATR(14) of 0.013.

Market conditions are indicating DVI distribution is current for WAF.AX
Daily Volume Index /
Market conditions are indicating DVI distribution is current for WAF.AX

[BEARISH]: West African Resources (ASX:WAF) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -2013.

Weighted Moving Average /
Weighted Moving Average(15) signal continues for West African Resources indicating downward price movement is likely

WAF: WMA Current Signal -> (1) 16 Oct: BEARISH (2) 15 Oct: BEARISH CROSSOVER (3) 12 Oct: BULLISH CROSSOVER

Rate of Change /
14-day rate of change is decreasing for West African Resources

[BEARISH]: West African Resources currently has negative rate of change of -5.263%. 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

Commodity Channel Index /
Potential CCI trend reversal has been identified with West African Resources

[BULLISH CROSSOVER]: West African Resources (ASX:WAF) current price has driven Commodity Channel Index to become oversold signalling the start of bullish trading conditions. Currently, the CCI is -235. During the quarter, the lowest CCI value was -235. The last oversold signal occurred on Oct 12 2018

Ease of Movement /
Ease of Movement for West African Resourcesis -0.028 [Difficult to Move]

WAF: EOM Current Signal -> (1) 16 Oct: BEARISH HARD (2) 15 Oct: NEUTRAL (3) 12 Oct: BULLISH HARD

WAF: Medium term trend is still an Downtrend
Medium Trend /
WAF: Medium term trend is still an Downtrend

[BEARISH]: West African Resources is in an downtrend in the medium term timeframe. The current rally number is 28 & the highest rally count for the LTM is 50. The highest rally for the month is 12

Drawdown for West African Resources is currently high signalling high stress
Ulcer Index /
Drawdown for West African Resources is currently high signalling high stress

[BULLISH]: West African Resources UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 5.268.

Pivot Points /
West African Resources: Pivot Point ($0.272)

West African Resources current pivot point is: 0.272. The current resistance levels are: (R2) $0.287: (R2) $0.287: (R3) $0.294: The current support levels are: (S1) $0.264: (S2) $0.257: (S3) $0.249

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