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
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WBC: Average True Range has confirmed an uptrend @0.302
Average True Range /
WBC: Average True Range has confirmed an uptrend @0.302

[Bullish]: Average True Range has confirmed an uptrend is present. Westpac Banking Corporation has a TR of 0.35, and an ATR(14) of 0.302.

Westpac Banking Corporation has moved above the R1 Woodie pivot point ($31.606) [Bullish]
Woodie Pivot Point /
Westpac Banking Corporation has moved above the R1 Woodie pivot point ($31.606) [Bullish]

Westpac Banking Corporation has broken the first Woodie resistance point ($31.606) [Bullish]. Look for a long limit order entry near this point. Exit price for WBC should be set @$31.818 & Stoploss for Westpac Banking Corporation should be set at $31.118

Aroon Oscillator /
WBC: Aroon oscillator has confirmed an uptrend @8

[BULLISH]: Westpac Banking Corporation has a current ARU(25) of 16 and a current ARD(25) of 8

Daily Volume Index /
Westpac Banking Corporation: Current trading activity signals DVI distribution is present

[BEARISH]: Westpac Banking Corporation current distribution has given weakness to the share price and the continuation of bearish trading conditions.

MACD Volume /
Volume MACD oscillator remains positive for WBC

WBC: Volume MACD Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH

Black Candle /
WBC Basic Candle: Black

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

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High Price /
Weaker price performance from WBC has seen a lower high of -0.2 % [Downtrend]

[BEARISH]: Westpac Banking Corporation current downtrend in the first timeframe. Currently, the HIGH is -0.2 %.

WBC: Over the last 12 months there has been 47 trading days with the opening price in the upper shadow & the closing the price in the lower shadow
Open Tod Vs Close Tod /
WBC: Over the last 12 months there has been 47 trading days with the opening price in the upper shadow & the closing the price in the lower shadow

[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 28.6%. This suggests the sellers were in control all day. Over the last 12 months there has been 47 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 18%. Over the last month there has been 2 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 25%.

Ulcer index has reduced in stress level & low drawdown is expected for Westpac Banking Corporation
Ulcer Index /
Ulcer index has reduced in stress level & low drawdown is expected 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 0.741.

Medium Trend /
WBC: Medium term trend is still an Uptrend

[BULLISH]: Westpac Banking Corporation is in an uptrend in the medium term timeframe. The current rally number is 2 & the highest rally count for the LTM is 60. The highest rally for the month is 8

Opening Price /
Westpac Banking Corporation: Daily opening performance is 0.1 % [Uptrend]

[BULLISH]: Westpac Banking Corporation opening price has gapped up. Currently, the OPEN is $31.68 (0.1 %).

Rate of Change /
Negative ROC: Price is now trading lower for Westpac Banking Corporation than 14 days ago

[BEARISH CROSSOVER]: Westpac Banking Corporation currently has negative rate of change of -0.2%. 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

[Long]: Limit orders for Westpac Banking Corporation should be set at $34.053
Camarilla Pivot Points /
[Long]: Limit orders for Westpac Banking Corporation should be set at $34.053

Westpac Banking Corporation has broken the first Camarilla resistance point ($34.053) [Bullish]. Look for a long limit order entry near this point. Exit price for WBC should be set @$36.677 & Stoploss for Westpac Banking Corporation should be set between $26.183 & $23.56

CMF Crossover & commencement of potential trend change for Westpac Banking Corporation
Chaikin Money Flow /
CMF Crossover & commencement of potential trend change for Westpac Banking Corporation

[BEARISH CROSSOVER]: Westpac Banking Corporation current price has highlighted recent selling pressure and the start of a bearish trading conditions. Currently, the CMF is -0.35. During the quarter, the lowest CMF value was -0.35

Elders Force Index /
Recent trading highlights initial selling pressure is present for WBC

[BEARISH]: Westpac Banking Corporation current price has highlighted recent selling pressure. Currently, the Elders Force Index is -120983.

Fibonacci Extensions /
Westpac Banking Corporation has broken above the 161.8% extension level ($1.87) [Bearish]

Westpac Banking Corporation has moved above the 161.8% level ($1.87) [Bearish]. Look for a short limit order entry near this point. Exit price for WBC should be set @$2.27 & short position stoploss for Westpac Banking Corporation should be set at $1.47

Weighted Moving Average /
WBC: WMA(15) has moved above the WMA(30) @$31.396

WBC: WMA Recent Trading -> (1) 11 Jan: 31.514 (2) 11 Jan: 1.358 (3) 11 Jan: 0.444

The EMA trend following signal is now active for Westpac Banking Corporation [Bearish]
Exponential Moving Average /
The EMA trend following signal is now active for Westpac Banking Corporation [Bearish]

[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 -0.5%.

Price continues to trade above the Triangular Moving Average(5) for WBC
Triangular Moving Average /
Price continues to trade above the Triangular Moving Average(5) for WBC

[BULLISH]: Westpac Banking Corporation currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -0.5%.

Stoploss for Westpac Banking Corporation should be set between $31.13 & $30.93
Pivot Points /
Stoploss for Westpac Banking Corporation should be set between $31.13 & $30.93

Westpac Banking Corporation has broken the first resistance point ($31.63) [Bullish]. Look for a long limit order entry near this point. Exit price for WBC should be set @$31.83 & Stoploss for Westpac Banking Corporation should be set between $31.13 & $30.93

MACD /
The MACD continues to rise above the signal line for WBC [Bullish]

[BULLISH]: Westpac Banking Corporation currently has positive MACD of 0.056000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is -0.3%.

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

[BEARISH]: Westpac Banking Corporation currently has negative PPO -0.200%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Closing Price /
Westpac Banking Corporation: Daily performance is -0.5 % [Downtrend]

WBC: CLOSE Current Signal -> (1) 11 Jan: BEARISH (2) 10 Jan: BULLISH (3) 09 Jan: BULLISH

Low Price /
low for WBC has not surpassed the low of the previous trading session

[BULLISH]: Westpac Banking Corporation current downtrend in the first timeframe. Currently, the Low is $31.33 (-0.6 %).

Market conditions are indicating OBV accumulation is current for WBC
On Balance Volume /
Market conditions are indicating OBV accumulation is current for WBC

[BULLISH]: Westpac Banking Corporation current price has highlighted recent accumulation. Currently, the OBV is 1.01703e+007.

Closing price ($31.43) for WBC is still below the Lower Envelope Band
Moving Average Envelope /
Closing price ($31.43) for WBC is still below the Lower Envelope Band

[BULLISH]: Westpac Banking Corporation current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 29.8015.

Pivot Reversal /
A short term Pivot Reversal has formed with Westpac Banking Corporation

[BEARISH]: A short term Pivot Reversal has formed with Westpac Banking Corporation which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 17 occurrences of this bar reversal giving a signal probability of 6.5%.

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