WES | Australian Securities Exchange

Wesfarmers
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The EMA trend following signal is still current for Wesfarmers [Bearish]
Exponential Moving Average /
The EMA trend following signal is still current for Wesfarmers [Bearish]

[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 0.7%.

Wesfarmers: MACD oscillator (0.3148)
MACD /
Wesfarmers: MACD oscillator (0.3148)

[BULLISH]: Wesfarmers currently has positive MACD of 0.3148. This means the signal line is greater than the MACD line signalling a bullish movement.

Moving Average Envelope /
Initiation of oversold signal for Wesfarmers [Bearish Crossover]

WES: Envelope Bands Current Signal -> (1) 07 Dec: BEARISH (2) 06 Dec: BEARISH (3) 05 Dec: 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 -1.879 indicating bear power. Prices are being driven below the consensus of value for WES during the last trading session [Selling Pressure]

Three White Soldiers /
Wesfarmers: Three White Soldiers

[BULLISH]: Wesfarmers has formed a new Three White Soldiers pattern.

Short Trend /
Daily trading again produced an Uptrend bar for Wesfarmers

[BULLISH]: Wesfarmers is in an uptrend in the short term timeframe. The current rally number is 2 & the highest rally count for the LTM is 6

Relative Strength Oversold signal is still current for Wesfarmers [Bullish]
Relative Strength Index /
Relative Strength Oversold signal is still current for Wesfarmers [Bullish]

[BULLISH]: Wesfarmers is currently Oversold highlighting the potential for a short term trend reversal in the upward direction. RSI is currently oversold @22.2

White Candle /
WES Basic Candle: White

[BULLISH]: Wesfarmers has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Daily bar has maintained Tricklar Downtrend for WES
Tricklar Trend /
Daily bar has maintained Tricklar Downtrend for WES

[BEARISH]: Wesfarmers is in an downtrend based on the Tricklar trend. The current rally number is 3 & the highest rally count for the LTM is 39. The highest rally for the month is 5

Wesfarmers: 0.618 Fibonacci Retraction (41.31)
Fibonacci Retracements /
Wesfarmers: 0.618 Fibonacci Retraction (41.31)

Wesfarmers: The current Fibonacci Retraction levels are: (23.61%) $34.57: (38.2%) $37.14: (50%) $39.23: (61.8%) $41.31The current support levels are: (78.6%) $44.27: (100%) $48.05: (138.2%) $54.79: (161.8%) $58.96: (261.8%) $76.61: (423.61%) $105.17

Demarks Pivot Points /
Wesfarmers: DeMark Pivot ($31.9125)

Wesfarmers current pivot point (DeMark) is: (R1) $32.525. The current pivot point (DeMark) is: (S1) $31.625.

Simple Moving Average /
Simple 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 SMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is 0.7%.

Camarilla Pivot Points /
Wesfarmers: Camarilla Pivot ($31.817)

Wesfarmers current pivot point Camarilla is: $31.817. The current resistance levels are: (R1) $34.601: (R2) $37.253: (R3) $39.904: (R4) $47.859The current support levels are: (S1) $29.299: (S2) $26.647: (S3) $23.996: (S4) $16.042

Wesfarmers opened in the middle part of daily range at 50% & closed in the upper part of the trading range at 72.200000000000000%. This suggests the buyers have taken control.
Open Tod Vs Close Tod /
Wesfarmers opened in the middle part of daily range at 50% & closed in the upper part of the trading range at 72.200000000000000%. This suggests the buyers have taken control.

[BULLISH]: Wesfarmers opened in the middle part of daily range at 50% & closed in the upper part of the trading range at 72.2%. This suggests the buyers have taken control. Over the last 12 months there has been 1 trading days with the opening price in the middle shadow & the closing the price in the upper shadow giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading days with the opening price in the middle price range & the closing the price in the upper price range giving a confirmation ratio of 20%.

Wesfarmers: 0.618 Fibonacci Fan ($46.47)
Fibonacci Fans /
Wesfarmers: 0.618 Fibonacci Fan ($46.47)

Wesfarmers: The current Fibonacci Fan levels are: (23.61%) $38.89: (38.2%) $41.78: (50%) $44.13: (61.8%) $46.47The current support levels are: (78.6%) $49.8: (100%) $54.06: (138.2%) $61.64: (161.8%) $66.33: (261.8%) $86.19: (423.61%) $118.32

Elders Force Index /
Wesfarmers: Direction, extent & volume have decreased in recent trading [Selling Pressure]

[BEARISH]: Wesfarmers current price has highlighted recent selling pressure. Currently, the Elders Force Index is -3.30495e+006.

Accumulation / Distribution /
Wesfarmers: Accumulation Distribution Line (881712)

[BULLISH]: Wesfarmers (ASX:WES) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 881712.

Daily Volume Index /
Wesfarmers: Current trading activity signals DVI accumulation is present

[BULLISH]: Wesfarmers (ASX:WES) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 4515.

Recent trading indicates an upward price direction WES [Bullish]
Coles Reaction Day /
Recent trading indicates an upward price direction WES [Bullish]

WES: CRD Current Signal -> (1) 07 Dec: BULLISH (2) 06 Dec: BULLISH (3) 05 Dec: NEUTRAL

PPO continues to signal a continuation of downward price fall for Wesfarmers
Percentage Price /
PPO continues to signal a continuation of downward price fall for Wesfarmers

[BEARISH]: Wesfarmers currently has negative PPO -10.455%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Triangular Moving Average(15) signal continues for Wesfarmers indicating downward price movement is likely
Triangular Moving Average /
Triangular 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 TMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is 0.7%.

Fibonacci Extensions /
Wesfarmers: 1.618 Fibonacci Extension ($58.96)

Wesfarmers: The current Fibonacci Extension levels are: (23.61%) $34.57: (38.2%) $37.14: (50%) $39.23: (61.8%) $41.31The current support levels are: (78.6%) $44.27: (100%) $48.05: (138.2%) $54.79: (161.8%) $58.96: (261.8%) $76.61: (423.61%) $105.17

Volume Rate of Change /
Wesfarmers currently has positive volume rate of change for 110

WES: VROC Recent Trading -> (1) 07 Dec: 110.0000 (2) 06 Dec: 86.0000 (3) 05 Dec: 44.0000

Close Tod Vs Close Yest /
Closing price for WES ($31.95) signals buyers are still keener than sellers

WES: Recent performance signals ->(1) 07 Dec: BULLISH (2) 06 Dec: BULLISH (3) 05 Dec: BULLISH

MACD Volume /
Wesfarmers: Volume MACD oscillator (-46874)

[BEARISH CROSSOVER]: Wesfarmers currently has negative Volume MACD of -46874. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Daily trading has confirmed an ADX very strong trend (55.9) for Wesfarmers
Average Directional Movement /
Daily trading has confirmed an ADX very strong trend (55.9) for Wesfarmers

[Stong Trend]: ADX for WES has confirmed a very strong trend is present. Wesfarmers has an ATR(14) of 1.137, a DX of 58.63 & an ADX(14) of 55.9

Wesfarmers: Woodie Pivot ($31.85)
Woodie Pivot Point /
Wesfarmers: Woodie Pivot ($31.85)

Wesfarmers current pivot point (Woodie) is: $31.85. The current resistance levels are: (R1) $32.4: (R2) $32.75The current support levels are: (S1) $31.5: (S2) $30.95

Williams %R /
Wesfarmers is still oversold with the William %R @-88.8

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

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