WGX | Australian Stock Exchange

Westgold Resources
+ Share

[Bearish]: Lower high has formed for WGX by -1.4 % during the last trading session
High Price /
[Bearish]: Lower high has formed for WGX by -1.4 % during the last trading session

WGX: HIGH Current Signal -> (1) 20 Jul: BEARISH (2) 19 Jul: BULLISH (3) 18 Jul: BEARISH

14-day rate of change is decreasing for Westgold Resources
Rate of Change /
14-day rate of change is decreasing for Westgold Resources

[BEARISH]: Westgold Resources currently has negative rate of change of -6.319%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Detrended Price Oscillator /
Westgold Resources: Detrended Price Oscillator(20) (-0.0653)

[BEARISH]: Westgold Resources currently has a confirmed downtrend. Price is currently below the displaced moving average for WGX. Currently, the return on DPO20 is -1.4%.

Accumulation / Distribution /
Accumulation still active for Westgold Resources

WGX: ADLINE Current Signal -> (1) 20 Jul: BULLISH (2) 19 Jul: BULLISH (3) 18 Jul: BULLISH

MACD Volume /
Westgold Resources: Volume MACD oscillator (35457)

[BULLISH]: Westgold Resources currently has positive Volume MACD of 35457. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Chaikin Money Flow /
Buying pressure for Westgold Resources continues - bullish signal

WGX: Chaikin Oscillator Current Signal -> (1) 20 Jul: BULLISH (2) 19 Jul: BULLISH (3) 18 Jul: BULLISH

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Average Directional Movement /
WGX: Average Directional Index has confirmed a weak trend @19.74

[Weak Trend]: ADX for WGX has confirmed a weak trend is present. Westgold Resources has an ATR(14) of 0.056, a DX of 9.11 & an ADX(14) of 19.74

WGX: Price continues to move above the SMA(5) @$1.703
Simple Moving Average /
WGX: Price continues to move above the SMA(5) @$1.703

[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 -1.4%.

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

[BEARISH]: Westgold Resources has formed a Short Black candlestick. This means, WGX has limited price movement derived from weak selling pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

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

[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 -1.4%.

Volume /
Westgold Resources: Daily volume is 535603 [Higher Volume]

[BULLISH]: Westgold Resources current volume uptrend in the first timeframe. Volume for WGX is 535603 (74.6).

Hook Reversal /
A short term Hook Reversal has formed with Westgold Resources

WGX: Bar Reversal Recent Trading -> (1) 20 Jul: Hook Reversal (2) 19 Jul: Pivot Reversal (3) 18 Jul: No bar reversal is present

PPO has negative momentum signalling a continuation of downward price fall for WGX
Percentage Price /
PPO has negative momentum signalling a continuation of downward price fall for WGX

[BEARISH]: Westgold Resources currently has negative PPO -0.133%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Westgold Resources: Average True Range (0.056) has confirmed an downtrend is present
Average True Range /
Westgold Resources: Average True Range (0.056) has confirmed an downtrend is present

[Bearish]: Average True Range has confirmed an downtrend is present. Westgold Resources has a TR of 0.03, and an ATR(14) of 0.056.

Volume Rate of Change /
Westgold Resources has initiated a positive volume rate of change of 55

WGX: VROC Recent Trading -> (1) 20 Jul: 55.0000 (2) 19 Jul: -41.0000 (3) 18 Jul: 18.0000

Opening Price /
[Bearish]: Opening performance for WGX of 2.1 % was achieved in last trading session

[BEARISH]: Westgold Resources opening price has gapped down. Currently, the OPEN is $1.725 (2.1 %).

MACD /
WGX: The return on MACD is -4.9%.

[BEARISH]: Westgold Resources currently has negative MACD of -0.0138. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -4.9%.

Open/close reversal confirmed for Westgold Resources signalling the sellers were in control all day
Open Tod Vs Close Tod /
Open/close reversal confirmed for Westgold Resources signalling the sellers were in control all day

WGX: Open today versus close yesterday Recent Trading ->(1) 20 Jul: 100% (2) 19 Jul: 29.4% (3) 18 Jul: 27.3%

WGX: Price has moved below the TMA(5) @$1.718
Triangular Moving Average /
WGX: Price has moved below the TMA(5) @$1.718

[BEARISH]: Westgold Resources currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -1.4%.

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

[BULLISH]: Westgold Resources current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 1086.

Moving Average Envelope /
Oversold signal continues for Westgold Resources indicating upward price movement is likely

[BULLISH]: Westgold Resources current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 1.653.

Long Trend /
[Uptrend]: The third timeframe trend has continued for WGX

[BULLISH]: Westgold Resources has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the May 11 2018.

Close Tod Vs Close Yest /
Westgold Resources: Share price fall (-1.4% signals sellers are now keener than buyers

WGX: Recent Performance ->(1) 20 Jul: -1.4% (2) 19 Jul: 2.4% (3) 18 Jul: 1.2%

Percentage Volume /
Negative momentum on volume for WGX is maintained & supports a bearish move is likely

[BEARISH]: Westgold Resources currently has negative PVO -13%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -4.3%.

Westgold Resources: Aroon oscillator (-52) has confirmed a strong downtrend is present
Aroon Oscillator /
Westgold Resources: Aroon oscillator (-52) has confirmed a strong downtrend is present

[BEARISH]: Westgold Resources has a current ARO(25) of -52. This has change 0 points from yesterday.

Westgold Resources: Daily low performance is 2.1 % [Uptrend]
Low Price /
Westgold Resources: Daily low performance is 2.1 % [Uptrend]

WGX: LOW Recent Trading -> (1) 20 Jul: 1.7 (2) 19 Jul: 1.665 (3) 18 Jul: 1.655

Medium Trend /
Westgold Resources: 2nd timeframe trend Uptrend remains intact

[BULLISH]: Westgold Resources is in an uptrend in the medium term timeframe. The current rally number is 50 & the highest rally count for the LTM is 60. The highest rally for the month is 15

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