Technical analysis from Westpac Banking Corporation (WBC.AX.AX, ASX:WBC.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Westpac Banking Corporation
+ Share

Volume MACD oscillator is now positive for WBC
MACD Volume /
Volume MACD oscillator is now positive for WBC

[BULLISH CROSSOVER]: Westpac Banking Corporation currently has positive Volume MACD of 93866. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Sine Weighted Moving Average(5) signal continues for Westpac Banking Corporation indicating downward price movement is likely
Sine Weighted Moving Average /
Sine Weighted Moving Average(5) signal continues for Westpac Banking Corporation indicating downward price movement is likely

[BEARISH]: Westpac Banking Corporation currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -0.4%.

Percentage Price /
Westpac Banking Corporation currently has negative PPO -0.800

[BEARISH]: Westpac Banking Corporation currently has negative PPO -0.800%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Ulcer Index /
Ulcer index has fallen as the price rises for Westpac Banking Corporation

[BEARISH]: Westpac Banking Corporation UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 2.734.

Close Tod Vs Close Yest /
Sellers continue to be keener than buyers for Westpac Banking Corporation & are driving the price down.

[BEARISH]: Westpac Banking Corporationsellers are keener than buyers and are driving the price down. There has been 3 consecutive days of price decline for WBC adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -1.4 & the greatest daily negative change this year has been -3.1. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -6.4%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -2.2%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1x. Over the last month the average daily downward movement has been -0.6%

On Balance Volume /
WBC: Current trading activity signals OBV distribution is active

[BEARISH]: Westpac Banking Corporation current price has highlighted recent distribution. Currently, the OBV is -4.88206e+006.

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Momentum /
Negative momentum for Westpac Banking Corporation is a leading indicator for continued price falls

[BEARISH]: Westpac Banking Corporation currently has negative momentum of -0.36 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -0.4%.The largest downward momentum rally for the last 3 months is 14 days producing a return of -3.5%%.

Price moved on high volume to close lower for the day for WBC [Difficult to Move]
Ease of Movement /
Price moved on high volume to close lower for the day for WBC [Difficult to Move]

WBC: EOM Current Signal -> (1) 19 Apr: BEARISH HARD (2) 18 Apr: BEARISH HARD (3) 17 Apr: BEARISH HARD

WBC: Current trading activity signals distribution is active
Accumulation / Distribution /
WBC: Current trading activity signals distribution is active

[BEARISH]: Westpac Banking Corporation current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -1.84667e+007. day.

Exponential Moving Average /
Price continues to trade below the Exponential Moving Average(5) for WBC

[BEARISH]: Westpac Banking Corporation currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -0.4%.

MACD /
MACD for Westpac Banking Corporation continues to gain momentum @0.010000

[BULLISH]: Westpac Banking Corporation currently has positive MACD of 0.010000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is -1.5%.

Rate of Change /
Rate of change(14) is now decreasing for Westpac Banking Corporation

[BEARISH CROSSOVER]: Westpac Banking Corporation currently has negative rate of change of -0.1%. 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

Weaker price performance from WBC has seen a lower low of -0.2000000000000000 % [Downtrend]
Low Price /
Weaker price performance from WBC has seen a lower low of -0.2000000000000000 % [Downtrend]

[BULLISH]: Westpac Banking Corporation current downtrend in the first timeframe. Currently, the Low is $28.55 (-0.2000000000000000 %).

Recent trading highlights continued buying pressure is present for WBC
Elders Force Index /
Recent trading highlights continued buying pressure is present for WBC

[BULLISH]: Westpac Banking Corporation current price has highlighted recent buying pressure. Currently, the Elders Force Index is 602.

Woodie Pivot Point /
Westpac Banking Corporation has moved below the S1 Woodie pivot point ($28.466) [Bearish]

Westpac Banking Corporation current pivot point (Woodie) is: $28.633. The current resistance levels are: (R1) $28.716: (R2) $28.883The current support levels are: (S1) $28.466: (S2) $28.383

Black Candle /
WBC Basic Candle: Black

[BEARISH]: Westpac Banking Corporation has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

Elder Ray Index /
[Selling Pressure]: ERI has increased for Westpac Banking Corporation during the last trading session

[BEARISH]: Westpac Banking CorporationElder Ray Index is signalling a Bearish movementERI is -0.342 indicating bear power. Prices are being driven below the consensus of value for WBC during the last trading session [Selling Pressure]

Westpac Banking Corporation: Daily performance is -0.4000000000000000 % [Downtrend]
Closing Price /
Westpac Banking Corporation: Daily performance is -0.4000000000000000 % [Downtrend]

[BEARISH]: Westpac Banking Corporation current downtrend in the first timeframe. Currently, the Close is $28.59.

Westpac Banking Corporation: Negative divergence confirmed from CMF Crossover
Chaikin Money Flow /
Westpac Banking Corporation: Negative divergence confirmed from CMF Crossover

[BEARISH CROSSOVER]: Westpac Banking Corporation current price has highlighted recent selling pressure and the start of a bearish trading conditions. Currently, the CMF is -0.07. During the quarter, the lowest CMF value was -0.16 occurring on the Apr 19 2018.

Westpac Banking Corporation has moved above the R1 DeMark pivot point ($28.6225) [Bullish]
Demarks Pivot Points /
Westpac Banking Corporation has moved above the R1 DeMark pivot point ($28.6225) [Bullish]

Westpac Banking Corporation has broken the first DeMark support point ($28.6225) [Bearish]. Look for a short limit order entry near this point. Exit price for WBC should be set @$28.445 & short position stoploss for Westpac Banking Corporation should be set at $28.695

Open Tod Vs Close Tod /
Westpac Banking Corporation: Sellers were in control all day.

[BEARISH STRONG]: Westpac Banking Corporation opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 16%. This suggests the sellers were in control all day. Over the last 12 months there has been 54 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 20.5%. Over the last month there has been 3 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 21.4%.

Detrended Price Oscillator /
Price is currently below the displaced moving average for WBC [Bearish]

[BEARISH]: Westpac Banking Corporation currently has a confirmed downtrend. Price is currently below the displaced moving average for WBCCurrently, the return on DPO20 is -0.4%.

Aroon Oscillator /
Westpac Banking Corporation: Aroon Oscillator (-36)

[BEARISH]: Westpac Banking Corporation has a current ARO(25) of -36. This has change 16 points from yesterday.

Short Trend /
First timeframe trend of Westpac Banking Corporation remains as an Downtrend

[BEARISH]: Westpac Banking Corporation is in a downtrend in the short term timeframe. The current rally number is 3 & the highest rally count for the LTM is 5

Recent trading for Westpac Banking Corporation fell short of the previous high by -0.2000000000000000 %
High Price /
Recent trading for Westpac Banking Corporation fell short of the previous high by -0.2000000000000000 %

WBC: HIGH Current Signal -> (1) 19 Apr: BEARISH (2) 18 Apr: BEARISH (3) 17 Apr: BEARISH

Westpac Banking Corporation: DVI(112)
Daily Volume Index /
Westpac Banking Corporation: DVI(112)

WBC: DVI Current Signal -> (1) 19 Apr: BULLISH (2) 18 Apr: BULLISH (3) 17 Apr: BULLISH

Simple Moving Average /
The SMA trend following signal is still current for Westpac Banking Corporation [Bearish]

[BULLISH]: Westpac Banking Corporation currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.4%.

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