Technical analysis from Webjet (WEB.AX, ASX:WEB.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Webjet
+ Share

William %R for WEB is still above the Overbought limit signalling a bearish movement
Williams %R /
William %R for WEB is still above the Overbought limit signalling a bearish movement

[BULLISH]: Webjet is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Webjet: Daily performance is 3.4 % [Uptrend]
Closing Price /
Webjet: Daily performance is 3.4 % [Uptrend]

WEB: CLOSE Current Signal -> (1) 21 Jun: BULLISH (2) 20 Jun: BULLISH (3) 19 Jun: BEARISH

Daily Volume Index /
DVI: Accumulation still active for Webjet

[BULLISH]: Webjet current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 289.

Average Directional Movement /
[Strong Trend]: Average Directional Index (47.57) strong trend has been confirmed for WEB

[Trend]: ADX for WEB has confirmed a strong trend is present. Webjet has an ATR(14) of 0.328, a DX of 76.96 & an ADX(14) of 47.57

Detrended Price Oscillator /
Bullish trading conditions for Webjet has been signalled from the DPO (1.989)

[BULLISH]: Webjet currently has a confirmed uptrend. Price is currently above the displaced moving average for WEB. Currently, the return on DPO20 is 3.4%.

Demarks Pivot Points /
Webjet has moved above the R1 DeMark pivot point ($14.1025) [Bullish]

Webjet has broken the first DeMark resistance point ($14.1025) [Bullish]. Look for a long limit order entry near this point. Exit price for WEB should be set @$14.215 & Stoploss for Webjet should be set at $13.935

Positive momentum on the MACD histogram for WEB is maintained & supports a bullish move is likely
MACD /
Positive momentum on the MACD histogram for WEB is maintained & supports a bullish move is likely

WEB: MACD Current Signal -> (1) 21 Jun: BULLISH (2) 20 Jun: BULLISH (3) 19 Jun: BULLISH

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Ease of Movement /
Webjet was easily moved upward on low volume in recent trading [Bullish]

[BULLISH]: Webjet current price have moved upwards on low volume. Currently, the Ease of Movement is 13.662

Recent trading for Webjet has surpassed the previous price range ($0.28)
Price Range /
Recent trading for Webjet has surpassed the previous price range ($0.28)

WEB: Price Range Current Signal -> (1) 21 Jun: BULLISH (2) 20 Jun: BEARISH (3) 19 Jun: BEARISH

[Uptrend]: The third timeframe trend for Webjet remains intact
Long Trend /
[Uptrend]: The third timeframe trend for Webjet remains intact

WEB: Long Term Trend Current Signal -> (1) 21 Jun: BULLISH (2) 20 Jun: BULLISH (3) 19 Jun: BULLISH

Volume Rate of Change /
Positive VROC for Webjet is a leading indicator for continued price rise

[BULLISH]: Webjet currently has positive volume of change of 99%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 3.4%.

Simple Moving Average /
[Uptrend]: Recent trading for WEB indicates ST trend is likely to continue

[BULLISH]: Webjet 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 3.4%.

Open Window /
Webjet: Open Window

[BULLISH]: Webjet has Gapped Up on previous bar.

Price extreme for CCI confirms signal reversal for Webjet
Commodity Channel Index /
Price extreme for CCI confirms signal reversal for Webjet

[BEARISH]: Webjet current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 163. The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 199.

Webjet has reached a new low of $13.99 (3.2 %)
Low Price /
Webjet has reached a new low of $13.99 (3.2 %)

[BEARISH]: Webjet current uptrend in the first timeframe. Currently, the Low is $13.99 (3.2 %).

Volume /
Recent trading for Webjet has surpassed the previous volume by 81.3

[BULLISH]: Webjet current volume uptrend in the first timeframe. Volume for WEB is 932531 (81.3).

On Balance Volume /
Webjet: On Balance Volume (6.26148e+006)

[BULLISH]: Webjet current price has highlighted recent accumulation. Currently, the OBV is 6.26148e+006.

Elder Ray Index /
Bull power has increased for Webjet signalling bullish conditions are likely

[BULLISH]: Webjet Elder Ray Index is signalling a Bullish movementERI is 0.934 indicating bull power. Prices are being driven above the consensus of value for WEB during the last trading session [Buying Pressure]

Webjet: Volume MACD (30189)
MACD Volume /
Webjet: Volume MACD (30189)

[BULLISH]: Webjet currently has positive Volume MACD of 30189. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

[Bullish]: A higher high has been achieved for Webjet
Coles Reaction Day /
[Bullish]: A higher high has been achieved for Webjet

Webjet: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for WEB

Webjet: Daily high performance is 3.5 % [Uptrend]
High Price /
Webjet: Daily high performance is 3.5 % [Uptrend]

[BULLISH]: Webjet current uptrend in the first timeframe. Currently, the HIGH is 3.5 %.

Woodie Pivot Point /
Limit order for a long position has been identified for Webjet [Bullish]

Webjet has broken the first Woodie resistance point ($14.3) [Bullish]. Look for a long limit order entry near this point. Exit price for WEB should be set @$14.425 & Stoploss for Webjet should be set at $13.865

Relative Strength Index /
Relative Strength Overbought signal had been maintained for Webjet

WEB: RSI Current Signal -> (1) 21 Jun: BEARISH (2) 20 Jun: BEARISH (3) 19 Jun: BEARISH

Open Tod Vs Close Tod /
Webjet opened in the upper part of daily range at 89.3% & closed in the middle part of the trading range at 60.7%. This suggests the sellers have lost commitment.

[BEARISH WEAK]: Webjet opened in the upper part of daily range at 89.3% & closed in the middle part of the trading range at 60.7%. This suggests the sellers have lost commitment. Over the last 12 months there has been 25 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 9.5%. Over the last month there has been 2 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 14.3%.

MFI Overbought signal is still current for Webjet
Money Flow Index /
MFI Overbought signal is still current for Webjet

[BULLISH]: Webjet current trading has maintained the money flow index oversold status and signalled the continuation of the bullish trading conditions. Currently, the MFI is 90.62. The bullish signal has been active for 0 days. During the quarter, the lowest MFI value was 20.5.

WEB: Current trading activity signals accumulation is active
Accumulation / Distribution /
WEB: Current trading activity signals accumulation is active

[BULLISH]: Webjet current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 1.79028e+006.

Triangular Moving Average /
The TMA trend following signal is still current for Webjet [Bullish]

[BULLISH]: Webjet 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 3.4%.

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