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

Westgold Resources
+ Share

Westgold Resources: Volume MACD @-24918 [Bearish]
MACD Volume /
Westgold Resources: Volume MACD @-24918 [Bearish]

[BEARISH]: Westgold Resources currently has negative Volume MACD of -24918. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Recent trading highlights continued buying pressure is present for WGX
Elders Force Index /
Recent trading highlights continued buying pressure is present for WGX

[BULLISH]: Westgold Resources current price has highlighted recent buying pressure. Currently, the Elders Force Index is 7716.

Simple Moving Average /
Price is now trading below the Simple Moving Average(5) for WGX

[BULLISH]: Westgold Resources 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 -1.3%.

Black Candle /
WGX Basic Candle: Black

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

Daily Volume Index /
DVI: Accumulation still active for Westgold Resources

[BULLISH]: Westgold Resources current accumulation has given strength to the share price and the continuation of bullish trading conditions.

Low Price /
Westgold Resources: Daily low performance is -0.7 % [Downtrend]

[BULLISH]: Westgold Resources current downtrend in the first timeframe. Currently, the Low is $1.505 (-0.7 %).

Top companies for
Australian Stock Exchange
Advertisment
Closing Price /
Westgold Resources: Daily closing price is $1.52 [Bearish]

[BEARISH]: Westgold Resources current downtrend in the first timeframe. Currently, the Close is $1.52.

WGX: Moving Average Convergence Divergence [Bearish]
MACD /
WGX: Moving Average Convergence Divergence [Bearish]

[BEARISH]: Westgold Resources currently has negative MACD of -0.001000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -0.3%.

Westgold Resources has moved below the S1 pivot point ($1.501) [Bearish]
Pivot Points /
Westgold Resources has moved below the S1 pivot point ($1.501) [Bearish]

Westgold Resources has broken the first support point ($1.501) [Bearish]. Look for a short limit order entry near this point. Exit price for WGX should be set @$1.483 & short position stoploss for Westgold Resources should be set between $1.563 & $1.581

Exponential Moving Average /
Price continues to trade below the Exponential Moving Average(5) for WGX

[BEARISH]: Westgold Resources 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 -1.3%.

On Balance Volume /
Market conditions are indicating OBV distribution is current for WGX

WGX: OBV Current Signal ->(1) 19 Feb: BEARISH (2) 16 Feb: BEARISH (3) 15 Feb: BEARISH

Ease of Movement /
Trading session closed lower on high volume for Westgold Resources [Bearish]

[BEARISH]: Westgold Resources current price have moved downwards on high volume. Currently, the Ease of Movement is -0.038

Volume for Westgold Resources is now losing momentum @-1.8)
Percentage Volume /
Volume for Westgold Resources is now losing momentum @-1.8)

[BEARISH CROSSOVER]: Westgold Resources currently has negative PVO -1.8%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0%.

[Bearish]: Westgold Resources has failed to beat the previous volume by -52.3
Volume /
[Bearish]: Westgold Resources has failed to beat the previous volume by -52.3

[BEARISH]: Westgold Resources current volume downtrend in the first timeframe. Volume for WGX is528966 (-52.3).

Range Tod Vs Range Yest /
Westgold Resources: Range Performance (33.3)

[BEARISH]: Westgold Resourcessellers are increasingly eager. This is the first day sellers have increasing eagerness for WGX adding strength to a downtrend in the first timeframe. The biggest price range this month has been $0.145 & the greatest daily price range this year has been $0.37. The price range ratio this week versus the quarterly price range is 0.3x & the price range ratio this month versus the year to date price range is 0.4x.

High Price /
Westgold Resources: Daily high price is $1.545 [Higher High]

WGX: HIGH Current Signal -> (1) 19 Feb: NEUTRAL (2) 16 Feb: BEARISH (3) 15 Feb: BULLISH

Fibonacci Extensions /
Westgold Resources: 1.618 Fibonacci Extension ($1.87)

Westgold Resources has moved above the 161.8% level ($1.26) [Bearish]. Look for a short limit order entry near this point. Exit price for WGX should be set @$1.36 & short position stoploss for Westgold Resources should be set at $1.16

[High Stress]: High drawdown associated with recent trading of WGX
Ulcer Index /
[High Stress]: High drawdown associated with recent trading of WGX

[BULLISH]: Westgold Resources UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 8.702.

WGXCCI signal change confirmed as oversold
Commodity Channel Index /
WGXCCI signal change confirmed as oversold

[BULLISH CROSSOVER]: Westgold Resources current price has driven Commodity Channel Index to become oversold signalling the start of bullish trading conditions. Currently, the CCI is -107. During the quarter, the lowest CCI value was -189. The last oversold signal occurred on Feb 15 2018

Woodie pivot point for WGX is bearish. Stoploss should be positioned @$1.563
Woodie Pivot Point /
Woodie pivot point for WGX is bearish. Stoploss should be positioned @$1.563

Westgold Resources has broken the first Woodie support point ($1.501) [Bearish]. Look for a short limit order entry near this point. Exit price for WGX should be set @$1.483 & short position stoploss for Westgold Resources should be set at $1.563

Open Tod Vs Close Tod /
Open/close reversal: Sellers have lost commitment during the trading day for WGX

[BEARISH WEAK]: Westgold Resources opened in the upper part of daily range at 100% & closed in the middle part of the trading range at 37.5%. This suggests the sellers have lost commitment. Over the last 12 months there has been 43 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 16.9%. Over the last month there has been 4 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 33.3%.

Moving Average Envelope /
Oversold signal has just been triggered for Westgold Resources

[BULLISH CROSSOVER]: Westgold Resources current price has driven Envelope Bands to become oversold signalling the start of bullish trading conditions. Currently, the Lower Band is 1.5295.

Close Tod Vs Close Yest /
The biggest downward movement for Westgold Resources this month has been -4.6

[BEARISH]: Westgold Resourcessellers are keener than buyers and are driving the price down. This is the first day of price decline for WGX adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -4.6 & the greatest daily negative change this year has been -6.9. The longest consecutive downswing rally over the last 12 months has been 6 days giving a total rally downward movement of -16.6%. This quarter, the largest downswing rally has been 4 days giving a total rally downward movement of -6.9%. 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 0.9x. Over the last month the average daily downward movement has been -1.8%

Percentage Price /
Price percentage oscillator: Downward momentum is still present for Westgold Resources

[BEARISH]: Westgold Resources currently has negative PPO -2.600%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Daily bar has maintained 2nd timeframe Downtrend for WGX
Medium Trend /
Daily bar has maintained 2nd timeframe Downtrend for WGX

[BEARISH]: Westgold Resources is in an downtrend in the medium term timeframe. The current rally number is 5 & the highest rally count for the LTM is 30. The highest rally for the month is 12

Westgold Resources is in a short term downtrend with the closing price @$1.52
Sine Weighted Moving Average /
Westgold Resources is in a short term downtrend with the closing price @$1.52

WGX: SWMA Recent Trading -> (1) 19 Feb: 1.534 (2) 16 Feb: 1.534 (3) 15 Feb: 1.534

Average True Range /
Westgold Resources: Average True Range (0.06) has confirmed an downtrend is present

[Bearish]: Average True Range has confirmed an downtrend is present. Westgold Resources has a TR of 0.04, and an ATR(14) of 0.06.

See More   See more results
Advertisment
Advertisment
back to top