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

Webjet
+ Share

Webjet has moved above the 161.8% extension level ($2.09) [Bearish]
Fibonacci Extensions /
Webjet has moved above the 161.8% extension level ($2.09) [Bearish]

Webjet: The current Fibonacci Extension levels are: (23.61%) $10.48: (38.2%) $10.7: (50%) $10.88: (61.8%) $11.06The current support levels are: (78.6%) $11.31: (100%) $11.64: (138.2%) $12.22: (161.8%) $12.58: (261.8%) $14.1: (423.61%) $16.56

The volume MACD continues to rise above the signal line for WEB [Bullish]
MACD Volume /
The volume MACD continues to rise above the signal line for WEB [Bullish]

WEB: Volume MACD Recent Trading -> (1) 20 Apr: 6466 (2) 19 Apr: 22091 (3) 18 Apr: 36440

Volume /
Weaker volume performance from WEB has seen a lower volume of -18.4 [Downtrend]

[BEARISH]: Webjet current volume downtrend in the first timeframe. Volume for WEB is257758 (-18.4).

Ulcer Index /
Ulcer index has increased in stress level & high drawdown is expected for WEB

[BULLISH]: Webjet UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 8.445.

Exponential Moving Average /
The EMA trend following signal is still current for Webjet [Bullish]

[BULLISH]: Webjet currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -0.3%.

Closing Price /
[Bearish]: Webjet has failed to beat previous close by -0.3 %

[BEARISH]: Webjet current downtrend in the first timeframe. Currently, the Close is $10.8700.

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Bill Williams Market Facilitation /
Recent trading has confirmed a Fake Day for Webjet

Webjet Currently is a confirmed Fake Day. MFI indicator is up, volume is down for WEB. Trend continuation possible for WEB from reduced trading activity.

Price continues to trade above the Sine Weighted Moving Average(5) for WEB
Sine Weighted Moving Average /
Price continues to trade above the Sine Weighted Moving Average(5) for WEB

WEB: SWMA Current Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: BEARISH (3) 18 Apr: BEARISH

Webjet is being actively accumulated
Accumulation / Distribution /
Webjet is being actively accumulated

[BULLISH]: Webjet current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 755596.0000. day.

Detrended Price Oscillator /
Detrended Price for WEB has signalled bearish price movements are likely

[BEARISH]: Webjet currently has a confirmed downtrend. Price is currently below the displaced moving average for WEBCurrently, the return on DPO20 is -0.3%.

On Balance Volume /
Traders are currently Distributing Webjet

[BEARISH]: Webjet current price has highlighted recent distribution. Currently, the OBV is -1686976.0000.

Close Tod Vs Close Yest /
Daily trading performance for WEB has initiated a short term downtrend

[BEARISH]: Webjetsellers are keener than buyers and are driving the price down. This is the first day of price decline for WEB adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -5.2 & the greatest daily negative change this year has been -5.5. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -23.9%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -5.2%. The loss ratio for price decline 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 -1.600000%

Trading session closed lower on low volume for Webjet [Bearish]
Ease of Movement /
Trading session closed lower on low volume for Webjet [Bearish]

WEB: EOM Current Signal -> (1) 20 Apr: BEARISH EASY (2) 19 Apr: BULLISH EASY (3) 18 Apr: BULLISH EASY

Webjet: Daily opening price is $10.8000
Opening Price /
Webjet: Daily opening price is $10.8000

WEB: OPEN Current Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: BULLISH (3) 18 Apr: BULLISH

Triangular Moving Average /
Triangular Moving Average(5) signal continues for Webjet indicating upward price movement is likely

[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 -0.3%.

Low Price /
Webjet: Daily low performance is -1.0000000000000000 % [Downtrend]

[BULLISH]: Webjet current downtrend in the first timeframe. Currently, the Low is $10.65 (-1.0000000000000000 %).

Rate of Change /
Webjet: Rate of Change (14)

[BEARISH]: Webjet currently has negative rate of change of -1.6%. 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

Pivot point for WEB is bearish. Stoploss should be positioned @$11.0300
Pivot Points /
Pivot point for WEB is bearish. Stoploss should be positioned @$11.0300

Webjet has broken the first support point ($10.7200) [Bearish]. Look for a short limit order entry near this point. Exit price for WEB should be set @$10.5700 & short position stoploss for Webjet should be set between $11.0300 & $11.1800

WEB: Over the last month there has been 8 trading  days with the closing price in the upper range giving a confirmation ratio of 53.3%.
Close Tod Vs Range Tod /
WEB: Over the last month there has been 8 trading days with the closing price in the upper range giving a confirmation ratio of 53.3%.

[BULLISH]: Webjet buyers are in control at the market close. This is the first day of buyer commitment for Webjet 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 96 trading days with the closing price in the upper part of the range giving a confirmation ratio of 36.5%. Over the last month there has been 8 trading days with the closing price in the upper range giving a confirmation ratio of 53.3%. Currently this quarter, closing price has spent 8 days in the upper price range compared to 4 days in the lower range giving a ratio of 2x.

Webjet: Aroon oscillator (-84.0000) has confirmed a strong downtrend is present
Aroon Oscillator /
Webjet: Aroon oscillator (-84.0000) has confirmed a strong downtrend is present

WEB: Aroon Oscillator Current Signal -> (1) 20 Apr: BEARISH STRONG (2) 19 Apr: BEARISH STRONG (3) 18 Apr: BEARISH STRONG

Demarks Pivot Points /
Webjet has moved below the S1 DeMark pivot point ($10.82) [Bearish]

Webjet has broken the first DeMark support point ($10.82) [Bearish]. Look for a short limit order entry near this point. Exit price for WEB should be set @$10.76 & short position stoploss for Webjet should be set at $10.99

Range Tod Vs Range Yest /
Webjet: Sellers are now becoming less eager.

WEB: Range today versus range yesterday Recent Trading -> (1) 20 Apr: -4.2% (2) 19 Apr: 26.3% (3) 18 Apr: -66.7%

Simple Moving Average /
Webjet is in a short term uptrend with the support price @$10.6860

[BEARISH]: Webjet currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.3%.

Stochastic Oscillator /
WEB: Stochastic Oscillator has traded below the overbought limit @85.2000

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

Buying pressure for WEB highlights ability of buyers to drive the price upwards
Elder Ray Index /
Buying pressure for WEB highlights ability of buyers to drive the price upwards

[BULLISH]: WebjetElder Ray Index is signalling a Bullish movementERI is 0.0990 indicating bull power. Prices are being driven above the consensus of value for WEB during the last trading session [Buying Pressure]

Webjet: Bear Harami
Bear Harami /
Webjet: Bear Harami

[BEARISH]: Webjet has formed a new Bear Harami reversal pattern.

MACD /
WEB: Moving Average Convergence Divergence [Bullish]

WEB: MACD Current Signal -> (1) 20 Apr: BULLISH (2) 19 Apr: BULLISH CROSSOVER (3) 18 Apr: BULLISH CROSSOVER

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