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

Woolworths
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Woolworths has signalled an Average Directional Index strong trend present
Average Directional Movement /
Woolworths has signalled an Average Directional Index strong trend present

[Trend]: ADX for WOW has confirmed a strong trend is present. Woolworths has an ATR(14) of 0.325, a DX of 55.56 & an ADX(14) of 47.57

Woolworths: Current trading activity signals accumulation is present
Accumulation / Distribution /
Woolworths: Current trading activity signals accumulation is present

[BULLISH]: Woolworths current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 1.70082e+006.

MACD /
The MACD for WOW is losing momentum through a fall on the short term EMA

[BEARISH CROSSOVER]: Woolworths currently has negative MACD of -0.0101. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -0.5%.

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

WOW: SWMA Current Signal -> (1) 21 May: BULLISH (2) 18 May: BULLISH (3) 21 May: BULLISH

Simple Moving Average /
WOW: Price continues to move above the SMA(5) @$28.8

[BULLISH]: Woolworths 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 -0.5%.

Percentage Price /
Woolworths currently has positive PPO 1.739

[BULLISH]: Woolworths currently has positive PPO 1.739%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

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Open Tod Vs Close Tod /
WOW: Over the last 12 months there has been 19 trading days with the opening price in the middle shadow & the closing the price in the lower shadow

[BEARISH]: Woolworths opened in the middle part of daily range at 52.8% & closed in the lower part of the trading range at 16.7%. This suggests the sellers have taken control. Over the last 12 months there has been 19 trading days with the opening price in the middle shadow & the closing the price in the lower shadow giving a confirmation ratio of 7.2%. Over the last month there has been 2 trading days with the opening price in the middle price range & the closing the price in the lower price range giving a confirmation ratio of 13.3%.

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

[BULLISH]: Woolworths Elder Ray Index is signalling a Bullish movementERI is 0.588 indicating bull power. Prices are being driven above the consensus of value for WOW during the last trading session [Buying Pressure]

Woolworths: Elders Force Index (-206384)
Elders Force Index /
Woolworths: Elders Force Index (-206384)

WOW: Elders Force Index Current Signal -> (1) 21 May: BULLISH (2) 18 May: BULLISH (3) 21 May: BULLISH

Bull Tasuki /
Woolworths: Bull Tasuki

[BULLISH]: Woolworths has formed a new Bull Tasuki pattern.

Detrended Price Oscillator /
Woolworths: Detrended Price Oscillator(20) is 1.7065

[BULLISH]: Woolworths currently has a confirmed uptrend. Price is currently above the displaced moving average for WOW. Currently, the return on DPO20 is -0.5%.

Ulcer Index /
Woolworths: Ulcer Index 0.335 [Low Stress]

[BEARISH]: Woolworths UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 0.335.

Woolworths is still Overbought with the Stochastic Oscillator @77.8
Stochastic Oscillator /
Woolworths is still Overbought with the Stochastic Oscillator @77.8

[BEARISH]: Woolworths is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

WOW: Current trading activity signals OBV accumulation is active
On Balance Volume /
WOW: Current trading activity signals OBV accumulation is active

[BULLISH]: Woolworths current price has highlighted recent accumulation. Currently, the OBV is 2.05314e+007.

Volume Rate of Change /
Woolworths: Volume rate of Change (14)

[BEARISH]: Woolworths currently has negative rate of change of -18%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -0.5%.

Rate of Change /
Woolworths currently has positive rate of change for 4.146

[BULLISH]: Woolworths currently has positive rate of change of 4.146%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Relative Strength Index /
Relative Strength Overbought signal had been maintained for Woolworths

[BEARISH]: Woolworths is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @76.4

Woolworths was easily moved downward on high volume in recent trading
Ease of Movement /
Woolworths was easily moved downward on high volume in recent trading

WOW: EOM Current Signal -> (1) 21 May: BEARISH HARD (2) 18 May: BULLISH EASY (3) 21 May: BEARISH EASY

Triangular Moving Average(5) signal continues for Woolworths indicating upward price movement is likely
Triangular Moving Average /
Triangular Moving Average(5) signal continues for Woolworths indicating upward price movement is likely

[BULLISH]: Woolworths currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -0.5%.

WOW Basic Candle: Black
Black Candle /
WOW Basic Candle: Black

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

Fibonacci Extensions /
Woolworths has moved above the 161.8% extension level ($25.91) [Bearish]

Woolworths: The current Fibonacci Extension levels are: (23.61%) $28.6: (38.2%) $28.24: (50%) $27.95: (61.8%) $27.65The current support levels are: (78.6%) $27.23: (100%) $26.7: (138.2%) $25.75: (161.8%) $25.16: (261.8%) $22.67: (423.61%) $18.64

Low Price /
Weaker price performance from WOW has seen a lower low of -0.3 % [Downtrend]

[BULLISH]: Woolworths current downtrend in the first timeframe. Currently, the Low is $28.83 (-0.3 %).

Aroon Oscillator /
Woolworths: Aroon oscillator (84) has confirmed a strong uptrend is present

WOW: Aroon Oscillator Current Signal -> (1) 21 May: BULLISH STRONG (2) 18 May: BULLISH STRONG (3) 21 May: BULLISH STRONG

Demarks Pivot Points /
Woolworths has moved above the R1 DeMark pivot point ($28.935) [Bullish]

Woolworths has broken the first DeMark resistance point ($28.9350) [Bullish]. Look for a long limit order entry near this point. Exit price for WOW should be set @$29.04 & Stoploss for Woolworths should be set at $28.68

Daily trading has confirmed an ATR uptrend (0.325) for Woolworths
Average True Range /
Daily trading has confirmed an ATR uptrend (0.325) for Woolworths

[Bullish]: Average True Range has confirmed an uptrend is present. Woolworths has a TR of 0.36, and an ATR(14) of 0.325.

Daily trading for WOW indicated sellers are now in control
Close Tod Vs Range Tod /
Daily trading for WOW indicated sellers are now in control

WOW: Close versus price range Current Signal ->(1) 21 May: BEARISH (2) 18 May: NEUTRAL (3) 21 May: BULLISH

Moving Average Envelope /
Closing price for WOW is still below the lower envelope signalling a bullish movement

[BULLISH]: Woolworths current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 26.5905.

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