WGX | Australian Securities Exchange

Westgold Resources
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Weighted Moving Average(15) signal continues for Westgold Resources indicating upward price movement is likely
Weighted Moving Average /
Weighted Moving Average(15) signal continues for Westgold Resources indicating upward price movement is likely

[BULLISH]: Westgold Resources currently has a confirmed uptrend. Recent trading has caused the WMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is -0.8%.

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

[BULLISH]: Westgold Resources Elder Ray Index is signalling a Bullish movementERI is 0.077 indicating bull power. Prices are being driven above the consensus of value for WGX during the last trading session [Buying Pressure]

Simple Moving Average /
WGX: Price continues to move above the SMA(15) @$1.1257

[BULLISH]: Westgold Resources currently has a confirmed uptrend. Recent trading has caused the SMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is -0.8%.

MACD Volume /
Westgold Resources: Volume MACD @-189661 [Bearish]

[BEARISH]: Westgold Resources currently has negative Volume MACD of -189661. This means the signal line is less than the Volume MACD line signalling a bearish movement.

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

WGX: Open today versus close yesterday Current Signal ->(1) 22 Mar: BEARISH WEAK (2) 21 Mar: BULLISH WEAK (3) 20 Mar: BULLISH

Bill Williams Market Facilitation /
Trend continuation possible for WGX from reduced trading activity

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

Recent trading signals Westgold Resources is being accumulated
Daily Volume Index /
Recent trading signals Westgold Resources is being accumulated

[BULLISH]: Westgold Resources (ASX:WGX) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 9620.

Accumulation / Distribution /
WGX.AX: Current trading activity signals accumulation is active

WGX: ADLINE Current Signal -> (1) 22 Mar: BULLISH (2) 21 Mar: BULLISH (3) 20 Mar: BULLISH

Daily bar has confirmed has confirmed an Aroon uptrend is intact for WGX
Aroon Oscillator /
Daily bar has confirmed has confirmed an Aroon uptrend is intact for WGX

[BULLISH]: Westgold Resources has a current ARU(25) of 96 and a current ARD(25) of 60

Westgold Resources: Price currently within Bollinger bands
Bollinger Bands /
Westgold Resources: Price currently within Bollinger bands

[BULLISH]: Westgold Resources is currently Oversold highlighting the potential for a short term trend reversal in the upward direction. The current level is 73.66% with a current width of 21.27.

MACD /
WGX: Moving Average Convergence Divergence [Bullish]

WGX: MACD Recent Trading -> (1) 22 Mar: 0.0071 (2) 21 Mar: 0.0069 (3) 20 Mar: 0.0046

Tricklar Trend /
Westgold Resources: Uptrend for the medium term trend is continued

[BULLISH]: Westgold Resources is in an uptrend based on the Tricklar trend. The current rally number is 13 & the highest rally count for the LTM is 13. The highest rally for the month is 16

Volume Rate of Change /
Westgold Resources: Volume rate of Change (-26)

[BEARISH]: Westgold Resources currently has negative rate of change of -26%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -0.8%.

Westgold Resources: 0.618 Fibonacci Fan ($0.97)
Fibonacci Fans /
Westgold Resources: 0.618 Fibonacci Fan ($0.97)

Westgold Resources: The current Fibonacci Fan levels are: (23.61%) $1.32: (38.2%) $1.02: (50%) $1: (61.8%) $0.97The current support levels are: (78.6%) $0.92: (100%) $0.87: (138.2%) $0.77: (161.8%) $0.71: (261.8%) $0.46: (423.61%) $0.04

Bullish trading conditions for Westgold Resources has been signalled from the DPO (0.0635)
Detrended Price Oscillator /
Bullish trading conditions for Westgold Resources has been signalled from the DPO (0.0635)

[BULLISH]: Westgold Resources currently has a confirmed uptrend. Price is currently above the displaced moving average for WGX. Currently, the return on DPO20 is -0.8%.

Chaikin Money Flow /
Westgold Resources: CMF(0.11)

[BULLISH]: Westgold Resources current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.11. Westgold Resources (ASX:WGX) received a confirmed CMF crossover days on the Feb 6 2019. The bullish signal has been active for 1 day. During the quarter, the highest CMF value was 0.22 occurring on the Feb 6 2019.

Supertrend /
Westgold Resources: Supertrend (1.0175)

[BULLISH]: Westgold Resources has a current Supertrend of 1.0175. This has change 0 points from yesterday.

Ulcer Index /
Ulcer index has increased as the price has fallen for Westgold Resources

[BULLISH]: Westgold Resources UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 8.372.

WGX Basic Candle: Black
Black Candle /
WGX Basic Candle: Black

WGX: Basic Candlestick Current Signal -> (1) 22 Mar: BEARISH (2) 21 Mar: BULLISH (3) 20 Mar: BEARISH

Westgold Resources: 0.618 Fibonacci Retraction (0.87)
Fibonacci Retracements /
Westgold Resources: 0.618 Fibonacci Retraction (0.87)

Westgold Resources: The current Fibonacci Retraction levels are: (23.61%) $1.19: (38.2%) $0.92: (50%) $0.9: (61.8%) $0.87The current support levels are: (78.6%) $0.83: (100%) $0.78: (138.2%) $0.69: (161.8%) $0.64: (261.8%) $0.41: (423.61%) $0.04

The current price is still gaining momentum through a rise for WGX on the short term EMA.
Percentage Price /
The current price is still gaining momentum through a rise for WGX on the short term EMA.

[BULLISH]: Westgold Resources currently has positive PPO 2.423%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Demarks Pivot Points /
Long positions for Westgold Resources should be set between $1.1988 & $1.218

Westgold Resources has broken the first DeMark resistance point ($1.1988) [Bullish]. Look for a long limit order entry near this point. Exit price for WGX should be set @$1.218 & Stoploss for Westgold Resources should be set at $1.163

Percentage Volume /
Percentage volume oscillator remains positive for WGX

[BULLISH]: Westgold Resources currently has positive PVO 11.19%. The recent volume is gaining momentum through a rise on the short term exponential moving average.

Momentum /
Momentum(14) is increasing for Westgold Resources

[BULLISH]: Westgold Resources currently has positive momentum of 0.11. This means the current price is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -0.8%. The largest upward momentum rally for the last 3 months is 2 days producing a return of 0%.

Stochastic Oscillator /
Oversold signal for the Stochastic Oscillator is still current for Westgold Resources

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

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

[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 -7.6 & the greatest daily negative change this year has been -97.3. The longest consecutive downswing rally over the last 12 months has been 6 days giving a total rally downward movement of -104.1%. This quarter, the largest downswing rally has been 6 days giving a total rally downward movement of -104.1%. The loss ratio for price decline in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.8x. Over the last month the average daily downward movement has been -2.600000%

Westgold Resources: Pivot Point ($1.205)
Pivot Points /
Westgold Resources: Pivot Point ($1.205)

Westgold Resources current pivot point is: 1.205. The current resistance levels are: (R2) $1.26: (R2) $1.26: (R3) $1.285: The current support levels are: (S1) $1.175: (S2) $1.15: (S3) $1.12

On Balance Volume /
WGX.AX: Current trading activity signals OBV distribution is active

[BEARISH]: Westgold Resources current price has highlighted recent distribution. Currently, the OBV is -73418.2.

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