Technical analysis from Wam Leaders (WLE.AX.AX, ASX:WLE.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Wam Leaders
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Wam Leaders: Daily Downtrend has been confirmed
Short Trend /
Wam Leaders: Daily Downtrend has been confirmed

[BEARISH]: Wam Leaders is in a downtrend in the short term timeframe. The current rally number is 1 & the highest rally count for the LTM is 2

Wam Leaders is in a short term downtrend with the closing price @$1.155
Exponential Moving Average /
Wam Leaders is in a short term downtrend with the closing price @$1.155

WLE: EMA(5) Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BEARISH (3) 11 Jan: BULLISH

MACD /
The MACD has now fallen below the signal line for WLE [Bearish Crossover]

[BEARISH CROSSOVER]: Wam Leaders currently has negative MACD of 0.000000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -0.8%.

Average True Range /
Recent trading indicates ATR downward trend direction likely for WLE [Downtrend]

[Bearish]: Average True Range has confirmed an downtrend is present. Wam Leaders has a TR of 0.01, and an ATR(14) of 0.012.

Accumulation / Distribution /
Market conditions are indicating accumulation is current for WLE

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

Pivot Points /
Limit order for a short position has been identified for Wam Leaders [Bearish]

Wam Leaders current pivot point is: 1.155. The current resistance levels are: (R1) $1.16: (R2) $1.165: (R3) $1.17: The current support levels are: (S1) $1.15: (S2) $1.145: (S3) $1.14

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Triangular Moving Average /
Wam Leaders is in a short term downtrend with the closing price @$1.155

[BEARISH]: Wam Leaders 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 -0.4%.

Price & volume confirms continued buying pressure for Wam Leaders is likely
Elders Force Index /
Price & volume confirms continued buying pressure for Wam Leaders is likely

[BULLISH]: Wam Leaders current price has highlighted recent buying pressure. Currently, the Elders Force Index is 140.

[Bullish]: Wam Leaders has beaten previous trading range
Price Range /
[Bullish]: Wam Leaders has beaten previous trading range

WLE: Price Range Recent Trading -> (1) 11 Jan: 0.01 (2) 10 Jan: 0.01 (3) 09 Jan: 0.005

Weighted Moving Average /
Wam Leaders is in a short term downtrend with the closing price @$1.155

[BEARISH]: Wam Leaders currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -0.4%.

Black Candle /
WLE Basic Candle: Black

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

Volume /
WLE has achieved a lower volume of 713947 (-19.5)

[BEARISH]: Wam Leaders current volume downtrend in the first timeframe. Volume for WLE is713947 (-19.5).

Wam Leaders: Sellers have lost commitment.
Open Tod Vs Close Tod /
Wam Leaders: Sellers have lost commitment.

[BEARISH WEAK]: Wam Leaders opened in the upper part of daily range at 100% & closed in the middle part of the trading range at 50%. This suggests the sellers have lost commitment. Over the last 12 months there has been 21 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 8%. Over the last month there has been 1 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 12.5%.

WLE: William %R has traded below the overbought limit @-66.7
Williams %R /
WLE: William %R has traded below the overbought limit @-66.7

WLE: William %R Current Signal -> (1) 11 Jan: BULLISH CROSSUNDER (2) 11 Jan: BEARISH CROSSOVER (3) 11 Jan: NEUTRAL

Closing Price /
Wam Leaders: Daily closing price is $1.155 [Bearish]

WLE: CLOSE Current Signal -> (1) 11 Jan: BEARISH (2) 10 Jan: BEARISH (3) 09 Jan: NEUTRAL

Stochastic Oscillator /
Wam Leaders is no longer overbought and normal trading conditions are resumed

WLE: Stochastic Oscillator Signal -> (1) 11 Jan: BEARISH CROSSUNDER (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: NEUTRAL

Sine Weighted Moving Average /
Wam Leaders is in a short term downtrend with the resistance price @$1.163

WLE: SWMA Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BEARISH (3) 11 Jan: BULLISH

PPO has positive momentum signalling a continuation of upward price rise for WLE
Percentage Price /
PPO has positive momentum signalling a continuation of upward price rise for WLE

[BULLISH]: Wam Leaders currently has positive PPO 0.300%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

[Fake Day]: MFI indicator is up, volume is down for Wam Leaders
Bill Williams Market Facilitation /
[Fake Day]: MFI indicator is up, volume is down for Wam Leaders

WLE: BWMF Recent Trading -> (1) 11 Jan: Fake Day (2) 11 Jan: Fade Day (3) 11 Jan: Squat Day

Positive momentum on the volume MACD histogram for WLE is maintained & supports a bullish move is likely
MACD Volume /
Positive momentum on the volume MACD histogram for WLE is maintained & supports a bullish move is likely

[BULLISH]: Wam Leaders currently has positive Volume MACD of 68746. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Fibonacci Extensions /
Wam Leaders has broken below the 161.8% extension level ($1.95) [Bullish]

Wam Leaders has moved below the 161.8% level ($1.95) [Bullish]. Look for a long limit order entry near this point. Exit price for WLE should be set @$1.8 & Stoploss for Wam Leaders should be set at $2.1

High Price /
Weaker price performance from WLE has seen a lower high of -0.4 % [Downtrend]

[BEARISH]: Wam Leaders current downtrend in the first timeframe. Currently, the HIGH is -0.4 %.

Average Directional Movement /
Daily trading has confirmed an ADX weak trend (22.81) for Wam Leaders

WLE: Average Directional Index Current Signal -> (1) 11 Jan: TREND WEAK (2) 11 Jan: TREND STRONG (3) 11 Jan: TREND WEAK

Detrended Price Oscillator /
Wam Leaders: Detrended Price Oscillator(20) is 0.0095

[BULLISH]: Wam Leaders currently has a confirmed uptrend. Price is currently above the displaced moving average for WLECurrently, the return on DPO20 is -0.4%.

Wam Leaders: Stoploss for short position should be set between $1.348 & $1.444
Camarilla Pivot Points /
Wam Leaders: Stoploss for short position should be set between $1.348 & $1.444

Wam Leaders current pivot point Camarilla is: $1.155. The current resistance levels are: (R1) $1.251: (R2) $1.348: (R3) $1.444: (R4) $1.732The current support levels are: (S1) $1.059: (S2) $0.963: (S3) $0.866: (S4) $0.578

The biggest upward movement for Wam Leaders this month has been -0.4
Close Tod Vs Close Yest /
The biggest upward movement for Wam Leaders this month has been -0.4

[BEARISH]: Wam Leaderssellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for WLE adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -0.4 & the greatest daily negative change this year has been -0.4. The longest consecutive downswing rally over the last 12 months has been 3 days giving a total rally downward movement of -3.9%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -0.8%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.3x giving a total win/loss ratio of 1.1x. Over the last month the average daily downward movement has been -0.4%

Elder Ray Index /
[Bullish]: Recent trading has driven price above the consensus of value for WLE

[BULLISH]: Wam LeadersElder Ray Index is signalling a Bullish movementERI is 0.001 indicating bull power. Prices are being driven above the consensus of value for WLE during the last trading session [Buying Pressure]

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