WES | Australian Securities Exchange

Wesfarmers
+ Share

Distribution still active for Wesfarmers
Accumulation / Distribution /
Distribution still active for Wesfarmers

[BEARISH]: Wesfarmers (ASX:WES) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -9.39937e+006.

Wesfarmers: Sellers are still becoming less eager.
Range Tod Vs Range Yest /
Wesfarmers: Sellers are still becoming less eager.

WES: Range today versus range yesterday Current Signal ->(1) 25 Sep: BULLISH (2) 24 Sep: BEARISH (3) 21 Sep: BEARISH

Elder Ray Index /
Bear power has increased for Wesfarmers signalling bearish conditions are likely

[BEARISH]: Wesfarmers Elder Ray Index is signalling a Bearish movementERI is -1.071 indicating bear power. Prices are being driven below the consensus of value for WES during the last trading session [Selling Pressure]

On Balance Volume /
Recent trading signals Wesfarmers is being accumulated

[BULLISH]: Wesfarmers current price has highlighted recent accumulation. Currently, the OBV is 2.48443e+007.

Volume Rate of Change /
Negative VROC for Wesfarmers is a leading indicator for continued price fall

WES: VROC Current Signal -> (1) 25 Sep: BEARISH (2) 24 Sep: BEARISH CROSSOVER (3) 21 Sep: BULLISH

Black Candle /
WES Basic Candle: Black

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

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Weighted Moving Average /
Weighted Moving Average(15) signal continues for Wesfarmers indicating downward price movement is likely

[BEARISH]: Wesfarmers currently has a confirmed downtrend. Recent trading has caused the WMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is -0.8%.

Wesfarmers has moved above the 161.8% extension level ($0.8) [Bearish]
Fibonacci Extensions /
Wesfarmers has moved above the 161.8% extension level ($0.8) [Bearish]

Wesfarmers: The current Fibonacci Extension levels are: (23.61%) $49.94: (38.2%) $50.36: (50%) $50.7: (61.8%) $51.03The current support levels are: (78.6%) $51.51: (100%) $52.12: (138.2%) $53.21: (161.8%) $53.88: (261.8%) $56.73: (423.61%) $61.34

Wesfarmers: 3rd timeframe trend Uptrend remains intact
Long Trend /
Wesfarmers: 3rd timeframe trend Uptrend remains intact

[BULLISH]: Wesfarmers has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Aug 7 2018.

Close Tod Vs Close Yest /
Wesfarmers: Share price fall (-0.8% signals sellers are now keener than buyers

[BEARISH]: Wesfarmerssellers are keener than buyers and are driving the price down. This is the first day of price decline for WES adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -1.9 & the greatest daily negative change this year has been -4.5. The longest consecutive downswing rally over the last 12 months has been 6 days giving a total rally downward movement of -7.3%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -3.7%. The loss ratio for price decline in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1x. Over the last month the average daily downward movement has been -1.200000%

Close Tod Vs Range Tod /
WES: Over the last 12 months there has been 2 trading days with the closing price in the lower part of the range giving a confirmation ratio of 0.8%.

WES: Close versus price range Current Signal ->(1) 25 Sep: BEARISH (2) 24 Sep: NEUTRAL (3) 21 Sep: NEUTRAL

Demarks Pivot Points /
Wesfarmers: Look for a short limit order entry @$49.45

Wesfarmers has broken the first DeMark support point ($49.45) [Bearish]. Look for a short limit order entry near this point. Exit price for WES should be set @$49.0600 & short position stoploss for Wesfarmers should be set at $49.63

WES: Medium term trend is still an Downtrend
Medium Trend /
WES: Medium term trend is still an Downtrend

[BEARISH]: Wesfarmers is in an downtrend in the medium term timeframe. The current rally number is 8 & the highest rally count for the LTM is 12. The highest rally for the month is 17

Wesfarmers is still Overbought with the Stochastic Oscillator @5.7
Stochastic Oscillator /
Wesfarmers is still Overbought with the Stochastic Oscillator @5.7

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

Chaikin Money Flow /
CMF Crossover from decreased selling pressure for Wesfarmers

[BEARISH CROSSOVER]: Wesfarmers current price has highlighted recent selling pressure and the start of a bearish trading conditions. Currently, the CMF is -0.08. During the quarter, the lowest CMF value was -0.3 occurring on the Sep 20 2018.

Ease of Movement /
Price was easily moved downward in recent trading on low volume causing an downtrend in price for WES

WES: EOM Current Signal -> (1) 25 Sep: BEARISH EASY (2) 24 Sep: BEARISH EASY (3) 21 Sep: BEARISH EASY

Williams %R /
William %R for WES is still below the oversold limit signalling a bullish movement

WES: William %R Current Signal -> (1) 25 Sep: BULLISH (2) 24 Sep: BULLISH (3) 21 Sep: BULLISH

Exponential Moving Average(15) signal continues for Wesfarmers indicating downward price movement is likely
Exponential Moving Average /
Exponential Moving Average(15) signal continues for Wesfarmers indicating downward price movement is likely

[BEARISH]: Wesfarmers currently has a confirmed downtrend. Recent trading has caused the EMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is -0.8%.

Negative ROC: Price is trading lower for Wesfarmers than 14 days ago
Rate of Change /
Negative ROC: Price is trading lower for Wesfarmers than 14 days ago

WES: ROC Current Signal -> (1) 25 Sep: BEARISH (2) 24 Sep: BEARISH (3) 21 Sep: BEARISH

Simple Moving Average /
Wesfarmers: Closing price $49.42 is below the SMA(15) @$50.6513

[BEARISH]: Wesfarmers currently has a confirmed downtrend. Recent trading has caused the SMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is -0.8%.

Daily Volume Index /
DVI: Distribution still active for WES.AX

[BEARISH]: Wesfarmers (ASX:WES) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -1130.

Detrended Price Oscillator /
The simple moving average and past price for WES has confirmed bearish trading conditions

[BEARISH]: Wesfarmers currently has a confirmed downtrend. Price is currently below the displaced moving average for WES. Currently, the return on DPO20 is -0.8%.

Percentage Price /
Wesfarmers currently has negative PPO -0.539

[BEARISH]: Wesfarmers currently has negative PPO -0.539%. This means the current price is losing momentum through a fall on the short term exponential moving average.

WES: Average True Range has confirmed an downtrend @0.739
Average True Range /
WES: Average True Range has confirmed an downtrend @0.739

[Bearish]: Average True Range has confirmed an downtrend is present. Wesfarmers has a TR of 0.57, and an ATR(14) of 0.739.

The current price level for Wesfarmers is maintained below the average
Commodity Channel Index /
The current price level for Wesfarmers is maintained below the average

[BULLISH]: Wesfarmers (ASX:WES) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is -172. The bullish signal has been active for 6 days. During the quarter, the lowest CCI value was -207.

Donchian Channels /
Donchian Band Overbought signal is still current for Wesfarmers [Bearish]

[BEARISH]: Wesfarmers is currently bearish highlighting the potential for a short term trend continuation in the downward direction.

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