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

Webjet
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Strong volume performance from WEB has seen a higher volume of 30.2 [Uptrend]
Volume /
Strong volume performance from WEB has seen a higher volume of 30.2 [Uptrend]

[BULLISH]: Webjet current volume uptrend in the first timeframe. Volume for WEB is429381 (30.2).

Stochastic Oscillator (0) for WEB is now below the oversold limit
Stochastic Oscillator /
Stochastic Oscillator (0) for WEB is now below the oversold limit

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

Average True Range /
Daily trading has confirmed an ATR uptrend (0.261) for Webjet

[Bullish]: Average True Range has confirmed an uptrend is present. Webjet has a TR of 0.17, and an ATR(14) of 0.261.

Accumulation / Distribution /
Confirmation of Webjet is now being distributed

[BEARISH CROSSOVER]: Webjet current price has highlighted the commencement of distribution and the start of bearish trading conditions.

Demarks Pivot Points /
Limit order for a long position has been identified for Webjet [Bullish]

Webjet has broken the first DeMark resistance point ($9.94) [Bullish]. Look for a long limit order entry near this point. Exit price for WEB should be set @$9.98 & Stoploss for Webjet should be set at $9.82

Open Tod Vs Close Tod /
WEB: Over the last 12 months there has been 52 trading days with the opening price in the upper shadow & the closing the price in the lower shadow

[BEARISH STRONG]: Webjet opened in the upper part of daily range at 93.8% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day. Over the last 12 months there has been 52 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 19.9%. 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 37.5%.

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

WEB: EOM Current Signal -> (1) 11 Jan: BEARISH EASY (2) 11 Jan: BEARISH HARD (3) 11 Jan: BEARISH HARD

Webjet closed in the lower part of daily range at 0%.
Close Tod Vs Range Tod /
Webjet closed in the lower part of daily range at 0%.

[BEARISH]: Webjet sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for Webjet adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 90 trading days with the closing price in the lower part of the range giving a confirmation ratio of 34.5%. Over the last month there has been 8 trading days with the closing price in the lower range giving a confirmation ratio of 100%. Currently this quarter, closing price has spent 8 days in the lower price range compared to 7 days in the upper range giving a ratio of 1.1x.

[Bearish]: Lower high has formed for WEB by -1.9 % during the last trading session
High Price /
[Bearish]: Lower high has formed for WEB by -1.9 % during the last trading session

[BEARISH]: Webjet current downtrend in the first timeframe. Currently, the HIGH is -1.9 %.

Exponential Moving Average /
[Bearish]: EMA(5) is serving as a resistance line for Webjet

[BEARISH]: Webjet 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 -1.7%.

Sine Weighted Moving Average /
[Bullish]: SWMA(30) is serving as a support line for Webjet

[BEARISH]: Webjet 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 -1.7%.

Low Price /
Weaker price performance from WEB has seen a lower low of -0.8 % [Downtrend]

WEB: LOW Recent Trading -> (1) 11 Jan: 9.9 (2) 10 Jan: 9.975 (3) 09 Jan: 9.995

Webjet: Volume MACD oscillator (5744)
MACD Volume /
Webjet: Volume MACD oscillator (5744)

[BULLISH]: Webjet currently has positive Volume MACD of 5744. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Woodie pivot point for WEB is bullish. Stoploss should be positioned @$9.78
Woodie Pivot Point /
Woodie pivot point for WEB is bullish. Stoploss should be positioned @$9.78

Webjet has broken the first Woodie resistance point ($9.98) [Bullish]. Look for a long limit order entry near this point. Exit price for WEB should be set @$10.1 & Stoploss for Webjet should be set at $9.78

Camarilla Pivot Points /
Webjet: Look for a long limit order entry @$10.729

Webjet current pivot point Camarilla is: $9.953. The current resistance levels are: (R1) $10.729: (R2) $11.559: (R3) $12.388: (R4) $14.877The current support levels are: (S1) $9.071: (S2) $8.241: (S3) $7.412: (S4) $4.924

Aroon Oscillator /
Daily trading has confirmed an Aroon strong uptrend (52) for Webjet

[BULLISH]: Webjet has a current ARO(25) of 52. This has change -28 points from yesterday.

Average Directional Movement /
Webjet: Average Directional Index (17.65) has confirmed a weak trend is present

[Weak Trend]: ADX for WEB has confirmed a weak trend is presentWebjet has an ATR(14) of 0.261, a DX of 13.37 & an ADX(14) of 17.65

William %R (-100) for WEB is now below the oversold limit
Williams %R /
William %R (-100) for WEB is now below the oversold limit

WEB: William %R Current Signal -> (1) 11 Jan: BULLISH CROSSOVER (2) 11 Jan: NEUTRAL (3) 11 Jan: NEUTRAL

Webjet: Range Performance (-43.9)
Range Tod Vs Range Yest /
Webjet: Range Performance (-43.9)

WEB: Range today versus range yesterday Current Signal ->(1) 11 Jan: BEARISH (2) 11 Jan: BEARISH (3) 11 Jan: BULLISH

WEB: Current trading activity signals OBV accumulation is active
On Balance Volume /
WEB: Current trading activity signals OBV accumulation is active

WEB: OBV Recent Trading ->(1) 11 Jan: 5.14587e+006 (2) 11 Jan: 489762 (3) 11 Jan: 1.01703e+007

Momentum /
Momentum(5) is now decreasing for Webjet

[BEARISH CROSSOVER]: Webjet currently has negative momentum of -0.54 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -1.7%.The largest downward momentum rally for the last 3 months is 1 days producing a return of -2.4%%.

Opening Price /
Webjet: Opening price is $10.05 (-1 %)

[BEARISH]: Webjet opening price has gapped down. Currently, the OPEN is $10.05 (-1 %).

Percentage Volume /
Volume has now fallen below the short term EMA for WEB [Bearish Crossover]

[BEARISH CROSSOVER]: Webjet currently has negative PVO -25.2%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -2.4%.

Daily Volume Index /
Traders are currently distributing Webjet

[BEARISH CROSSOVER]: Webjet current price has highlighted the commencement of distribution and the start of bearish trading conditions.

Webjet has broken the first resistance point ($10.006) [Bullish]
Pivot Points /
Webjet has broken the first resistance point ($10.006) [Bullish]

Webjet has broken the first resistance point ($10.006) [Bullish]. Look for a long limit order entry near this point. Exit price for WEB should be set @$10.113 & Stoploss for Webjet should be set between $9.793 & $9.686

Weighted Moving Average(30) signal is confirmed for Webjet indicating upward price movement is likely
Weighted Moving Average /
Weighted Moving Average(30) signal is confirmed for Webjet indicating upward price movement is likely

[BEARISH]: Webjet currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -1.7%.

Triangular Moving Average /
[Bearish]: TMA(5) is serving as a resistance line for Webjet

WEB: TMA Recent Trading -> (1) 11 Jan: 10.265 (2) 11 Jan: 0.901 (3) 11 Jan: 31.386

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