WGX | Australian Securities Exchange

Westgold Resources
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Lower envelope oversold signal had been initiated for Westgold Resources
Moving Average Envelope /
Lower envelope oversold signal had been initiated for Westgold Resources

[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 1.2445.

[Bullish]: Elder Ray Index is 0.004 indicating bull power
Elder Ray Index /
[Bullish]: Elder Ray Index is 0.004 indicating bull power

[BULLISH]: Westgold Resources Elder Ray Index is signalling a Bullish movementERI is 0.004 indicating bull power. Prices are being driven above the consensus of value for WGX during the last trading session [Buying Pressure]

Rate of Change /
Westgold Resources: Rate of Change (14)

[BEARISH]: Westgold Resources currently has negative rate of change of -5.344%. 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

Average True Range /
WGX: Average True Range has confirmed an downtrend @0.066

WGX: Average True Range Recent Trading -> (1) 26 Sep: 0.066 (2) 25 Sep: 0.068 (3) 24 Sep: 0.067

Exponential Moving Average /
[Downtrend]: Recent trading for WGX indicates ST trend is likely to continue

[BEARISH]: Westgold Resources 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 2.9%.

Short White Candle /
WGX Basic Candle: Short White

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

The biggest upward movement for Westgold Resources this month has been 4.4
Close Tod Vs Close Yest /
The biggest upward movement for Westgold Resources this month has been 4.4

[BULLISH]: Westgold Resourcesbuyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for WGX adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 4.4 & the greatest daily positive change this year has been 7.4. The longest consecutive upswing rally over the last 12 months has been 5 days giving a total rally upward movement of 10.1%. This quarter, the largest upswing rally has been 3 days giving a total rally upward movement of 9.2%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1x. Over the last month the average daily upward movement has been 3.100000%

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 -227790.

Westgold Resources: Bear Harami
Bear Harami /
Westgold Resources: Bear Harami

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

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

WGX: PPO Current Signal -> (1) 26 Sep: BEARISH (2) 25 Sep: BEARISH (3) 24 Sep: BEARISH

Medium Trend /
Second timeframe trend of Westgold Resources remains as an Downtrend

[BEARISH]: Westgold Resources has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Sep 21 2018.

Volume Rate of Change /
14-day volume rate of change is increasing for Westgold Resources

[BULLISH]: Westgold Resources currently has positive volume of change of 121%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 2.9%.

Accumulation / Distribution /
Distribution still active for Westgold Resources

[BEARISH]: Westgold Resources (ASX:WGX) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -3.95565e+006.

Trading for Westgold Resources highlights the commitment of buyers to carry positions overnight.
Close Tod Vs Range Tod /
Trading for Westgold Resources highlights the commitment of buyers to carry positions overnight.

[BULLISH]: Westgold Resources buyers are in control at the market close. This is the first day of buyer commitment for Westgold Resources adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 1 trading day with the closing price in the upper part of the range giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading day with the closing price in the upper range giving a confirmation ratio of 5.6%. Currently this quarter, closing price has spent 1 day in the upper price range compared to 5 days in the lower range giving a ratio of 0.2x.

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

WGX: Bar Reversal Current Signal -> (1) 26 Sep: BULLISH (2) 25 Sep: NEUTRAL (3) 24 Sep: NEUTRAL

MACD /
WGX: The return on MACD is 0%.

[BULLISH CROSSOVER]: Westgold Resources currently has positive MACD of 0.0026. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 0%.

Donchian Channels /
Donchian Band Overbought signal is still current for Westgold Resources [Bearish]

[BEARISH]: Westgold Resources is currently bearish highlighting the potential for a short term trend continuation in the downward direction.

Two White Soldiers /
Westgold Resources: Two White Soldiers

WGX: Continuation Candlestick Current Signal -> (1) 26 Sep: NEUTRAL (2) 25 Sep: NEUTRAL (3) 24 Sep: NEUTRAL

Overbought signal for the Upper Bollinger Band is still current for Westgold Resources
Bollinger Bands /
Overbought signal for the Upper Bollinger Band is still current for Westgold Resources

[BEARISH]: Westgold Resources is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. The current level is 38.05% with a current width of 25.21.

[Selling Pressure]: Elders Force Index (-17443) confirms bearish conditions are intact
Elders Force Index /
[Selling Pressure]: Elders Force Index (-17443) confirms bearish conditions are intact

[BEARISH]: Westgold Resources current price has highlighted recent selling pressure. Currently, the Elders Force Index is -17443.

Westgold Resources: Detrended Price Oscillator(20) is -0.1595
Detrended Price Oscillator /
Westgold Resources: Detrended Price Oscillator(20) is -0.1595

WGX: DPO Current Signal -> (1) 26 Sep: BEARISH (2) 25 Sep: BEARISH (3) 24 Sep: BEARISH

Long Trend /
Daily bar has maintained 3rd timeframe Uptrend for WGX

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

Aroon Oscillator /
Westgold Resources: ARO(-72) has signalled and strong downtrend is current

[BEARISH]: Westgold Resources has a current ARO(25) of -72. This has change 0 points from yesterday.

Simple Moving Average /
The SMA trend following signal is still current for Westgold Resources [Bearish]

[BEARISH]: Westgold Resources 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 2.9%.

[Downtrend]: Recent trading for WGX indicates ST trend is likely to continue
Sine Weighted Moving Average /
[Downtrend]: Recent trading for WGX indicates ST trend is likely to continue

[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 2.9%.

Market conditions are indicating DVI distribution is current for WGX.AX
Daily Volume Index /
Market conditions are indicating DVI distribution is current for WGX.AX

WGX: DVI Current Signal -> (1) 26 Sep: BEARISH (2) 25 Sep: BEARISH (3) 24 Sep: BEARISH

Average Directional Movement /
Average Directional Index for Westgold Resources has signalled a strong trend is active

[Trend]: ADX for WGX has confirmed a strong trend is present. Westgold Resources has an ATR(14) of 0.066, a DX of 36.83 & an ADX(14) of 47.89

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