WGX | Australian Securities Exchange

Westgold Resources
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Westgold Resources: Current trading activity signals distribution is confirmed
Accumulation / Distribution /
Westgold Resources: Current trading activity signals distribution is confirmed

[BEARISH CROSSOVER]: Westgold Resources (ASX:WGX) current price has highlighted the commencement of distribution and the start of bearish trading conditions. Currently, the ADLINE is -21339.8.

Westgold Resources: Stochastic Oscillator (32.6)
Stochastic Oscillator /
Westgold Resources: Stochastic Oscillator (32.6)

WGX: Stochastic Oscillator Signal -> (1) 18 Dec: NEUTRAL (2) 17 Dec: BEARISH CROSSUNDER (3) 14 Dec: BEARISH

Percentage Price /
Signal line is still below the EMA for Westgold Resources producing negative momentum

[BEARISH]: Westgold Resources currently has negative PPO -6.283%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Fibonacci Extensions /
Westgold Resources: 1.618 Fibonacci Extension ($1.39)

Westgold Resources: The current Fibonacci Extension levels are: (23.61%) $0.91: (38.2%) $0.96: (50%) $1: (61.8%) $1.04The current support levels are: (78.6%) $1.1: (100%) $1.18: (138.2%) $1.31: (161.8%) $1.39: (261.8%) $1.74: (423.61%) $2.31

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

WGX: EMA(15) Current Signal -> (1) 18 Dec: BEARISH (2) 17 Dec: BEARISH (3) 14 Dec: BEARISH

Moving Average Envelope /
Westgold Resources: Closing price $0.9 is below the Lower Envelope Band ($0.9405)

[BEARISH]: Westgold Resources current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the short trading conditions. Currently, the Lower Band is 0.9405.

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Elders Force Index /
Elders Force Index (-15268) has signalled bearish conditions in recent trading for WGX

[BEARISH]: Westgold Resources current price has highlighted recent selling pressure. Currently, the Elders Force Index is -15268.

Ease of Movement for Westgold Resourcesis 0.042 [Difficult to Move]
Ease of Movement /
Ease of Movement for Westgold Resourcesis 0.042 [Difficult to Move]

[BULLISH]: Westgold Resources current price have moved upwards on high volume. Currently, the Ease of Movement is 0.042

WGX: Average Directional Index has confirmed a strong trend @36.94
Average Directional Movement /
WGX: Average Directional Index has confirmed a strong trend @36.94

[Trend]: ADX for WGX has confirmed a strong trend is present. Westgold Resources has an ATR(14) of 0.054, a DX of 40.69 & an ADX(14) of 36.94

MACD Volume /
Volume MACD oscillator is now positive for WGX

[BULLISH CROSSOVER]: Westgold Resources currently has positive Volume MACD of 106317. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Aroon Oscillator /
Daily trading has confirmed an Aroon strong downtrend (-60) for Westgold Resources

[BEARISH]: Westgold Resources has a current ARO(25) of -60. This has change 0 points from yesterday.

Demarks Pivot Points /
Westgold Resources: Look for a short limit order entry @$0.9038

Westgold Resources has broken the first DeMark support point ($0.9038) [Bearish]. Look for a short limit order entry near this point. Exit price for WGX should be set @$0.8930 & short position stoploss for Westgold Resources should be set at $0.923

[Bearish]: SWMA(15) is serving as a resistance line for Westgold Resources
Sine Weighted Moving Average /
[Bearish]: SWMA(15) is serving as a resistance line for Westgold Resources

[BEARISH]: Westgold Resources currently has a confirmed downtrend. Recent trading has caused the SWMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is 1.1%.

WGX Basic Candle: White
White Candle /
WGX Basic Candle: White

WGX: Basic Candlestick Recent Trading -> (1) 18 Dec: White Candle (2) 17 Dec: White Closing Marubozu (3) 14 Dec: Short Black Candle

Percentage Volume /
Westgold Resources: Percentage Volume Oscillator (26.2)

[BULLISH]: Westgold Resources currently has positive PVO 26.2%. The recent volume is gaining momentum through a rise on the short term exponential moving average.

Bollinger Bands /
Closing price for WGX is still above the upper Bollinger Band signalling a bearish movement

[BEARISH]: Westgold Resources is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. The current level is 28.65% with a current width of 40.41.

MACD /

[BEARISH]: Westgold Resources currently has negative MACD of -0.0083. This means the signal line is less than the MACD line signalling a bearish movement.

Westgold Resources: William %R(-67.4)
Williams %R /
Westgold Resources: William %R(-67.4)

WGX: William %R Current Signal -> (1) 18 Dec: NEUTRAL (2) 17 Dec: BEARISH CROSSUNDER (3) 14 Dec: BULLISH

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

[BEARISH]: Westgold Resources is in an downtrend based on the Tricklar trend. & the highest rally count for the LTM is 58. The highest rally for the month is 12

Price is currently below the displaced moving average for WGX [Bearish]
Detrended Price Oscillator /
Price is currently below the displaced moving average for WGX [Bearish]

[BEARISH]: Westgold Resources currently has a confirmed downtrend. Price is currently below the displaced moving average for WGX. Currently, the return on DPO20 is 1.1%.

Bear Harami /
Westgold Resources: Bear Harami

[BEARISH]: Westgold Resources has formed a new Bear Harami reversal pattern.

Two White Soldiers /
Westgold Resources: Two White Soldiers

[BULLISH]: Westgold Resources has formed a new Two White Soldiers pattern.

Short Trend /
Recent trading indicates a continuation in upward direction WGX [Uptrend]

WGX: Daily Trend Recent Trading -> (1) 18 Dec: Uptrend (2) 17 Dec: Uptrend (3) 14 Dec: Inside Day

Westgold Resources: 0.618 Fibonacci Retraction (1.04)
Fibonacci Retracements /
Westgold Resources: 0.618 Fibonacci Retraction (1.04)

Westgold Resources: The current Fibonacci Retraction levels are: (23.61%) $0.91: (38.2%) $0.96: (50%) $1: (61.8%) $1.04The current support levels are: (78.6%) $1.1: (100%) $1.18: (138.2%) $1.31: (161.8%) $1.39: (261.8%) $1.74: (423.61%) $2.31

WGX.AX: CMF has negative divergence between price and volume
Chaikin Money Flow /
WGX.AX: CMF has negative divergence between price and volume

[BEARISH]: Westgold Resources current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.1. Westgold Resources (ASX:WGX) received a confirmed CMF crossover days on the Nov 27 2018. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.54 occurring on the Nov 27 2018.

Coles Reaction Day /
The daily range for Westgold Resources has achieved a higher high [Bullish]

Westgold Resources: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for WGX

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