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

Western Areas
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Daily bar has closed the day with an Uptrend for WSA
Short Trend /
Daily bar has closed the day with an Uptrend for WSA

[BULLISH]: Western Areas is in an uptrend in the short term timeframe. The buyers have dominated the daily trade, however further confirmation is required before taking a position.

Daily trading performance for WSA has initiated a short term uptrend
Close Tod Vs Close Yest /
Daily trading performance for WSA has initiated a short term uptrend

WSA: Recent performance signals ->(1) 21 Jun: BULLISH (2) 20 Jun: NEUTRAL (3) 19 Jun: NEUTRAL

Momentum /
Momentum(5) is decreasing for Western Areas

[BEARISH]: Western Areas currently has negative momentum of -0.18 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 1.2%.The largest downward momentum rally for the last 3 months is 14 days producing a return of -8.7%.

Coles Reaction Day /
Western Areas: Coles Rally Day for the daily trend is confirmed

Western Areas: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for WSA

Percentage Volume /
Western Areas: Percentage Volume Oscillator @-4.49 [Bearish]

WSA: PVO Current Signal -> (1) 21 Jun: BEARISH (2) 20 Jun: BEARISH (3) 19 Jun: BEARISH

Price Range /
Range for WSA has surpassed the range of the previous trading session

[BULLISH]: Western Areas current uptrend in the first timeframe. Currently, the Range is $0.11.

[Bearish]: WMA(5) is serving as a resistance line for Western Areas
Weighted Moving Average /
[Bearish]: WMA(5) is serving as a resistance line for Western Areas

[BEARISH]: Western Areas 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 1.2%.

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Average Directional Movement /
Western Areas: Average Directional Index (15.96) has confirmed a weak trend is present

[Weak Trend]: ADX for WSA has confirmed a weak trend is present. Western Areas has an ATR(14) of 0.107, a DX of 4.66 & an ADX(14) of 15.96

Volume & Money Flow Index are up confirming a Green Day for WSA
Bill Williams Market Facilitation /
Volume & Money Flow Index are up confirming a Green Day for WSA

Western Areas Currently is a confirmed Green Day. Both MFI & volume are down for WSA. Trend continuation likely for WSA from increased trading activity.

WSA Basic Candle: Black
Black Candle /
WSA Basic Candle: Black

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

Moving Average Envelope /
Oversold signal continues for Western Areas indicating upward price movement is likely

[BEARISH]: Western Areas current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 3.675.

Ease of Movement /
Western Areas was difficult to move upward due to high volume in recent trading [Bullish]

WSA: EOM Current Signal -> (1) 21 Jun: BULLISH HARD (2) 20 Jun: BEARISH HARD (3) 19 Jun: BEARISH HARD

MACD /
Negative momentum on the MACD histogram for WSA is maintained & supports a bearish move is likely

WSA: MACD Current Signal -> (1) 21 Jun: BEARISH (2) 20 Jun: BEARISH CROSSOVER (3) 19 Jun: BEARISH CROSSOVER

Limit order for a long position has been identified for Western Areas [Bullish]
Woodie Pivot Point /
Limit order for a long position has been identified for Western Areas [Bullish]

Western Areas current pivot point (Woodie) is: $3.528. The current resistance levels are: (R1) $3.566: (R2) $3.638The current support levels are: (S1) $3.456: (S2) $3.418

Western Areas: Bear Belt-Hold
Bear Belt-Hold /
Western Areas: Bear Belt-Hold

WSA: Reversal (Weak) Candlestick Current Signal -> (1) 21 Jun: BEARISH (2) 20 Jun: NEUTRAL (3) 19 Jun: NEUTRAL

Average True Range /
Western Areas: Average True Range (0.107) has confirmed an uptrend is present

[Bullish]: Average True Range has confirmed an uptrend is present. Western Areas has a TR of 0.13, and an ATR(14) of 0.107.

Pivot Points /
[Long]: Entry price for WSA should be set @$3.576

Western Areas has broken the first resistance point ($3.576) [Bullish]. Look for a long limit order entry near this point. Exit price for WSA should be set @$3.643 & Stoploss for Western Areas should be set between $3.423 & $3.356

Open Tod Vs Close Tod /
Open/close reversal: Sellers were in control for all the trading day for WSA

[BEARISH STRONG]: Western Areas opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 18.2%. This suggests the sellers were in control all day. Over the last 12 months there has been 47 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 17.9%. Over the last month there has been 2 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 14.3%.

Daily bar has maintained 2nd timeframe Uptrend for WSA
Medium Trend /
Daily bar has maintained 2nd timeframe Uptrend for WSA

[BULLISH]: Western Areas has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Jun 20 2018.

Price continues to trade below the Exponential Moving Average(5) for WSA
Exponential Moving Average /
Price continues to trade below the Exponential Moving Average(5) for WSA

[BEARISH]: Western Areas 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 1.2%.

Third timeframe trend of Western Areas remains as an Uptrend
Long Trend /
Third timeframe trend of Western Areas remains as an Uptrend

[BULLISH]: Western Areas is in an uptrend in the medium term timeframe.. The highest rally for the month is 14

High Price /
Western Areas: Daily high performance is 3.4 % [Uptrend]

[BULLISH]: Western Areas current uptrend in the first timeframe. Currently, the HIGH is 3.4 %.

Closing Price /
Recent trading for Western Areas has surpassed the previous close by 1.2 %

[BULLISH]: Western Areas current uptrend in the first timeframe. Currently, the Close is $3.51.

Volume Rate of Change /
Western Areas currently has positive volume rate of change for 20

[BULLISH]: Western Areas currently has positive volume of change of 20%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 1.2%.

Demarks Pivot Points /
[Long]: Limit orders for Western Areas should be set at $3.5225

Western Areas has broken the first DeMark resistance point ($3.5225) [Bullish]. Look for a long limit order entry near this point. Exit price for WSA should be set @$3.555 & Stoploss for Western Areas should be set at $3.445

Western Areas: Rate of Change (3.846)
Rate of Change /
Western Areas: Rate of Change (3.846)

WSA: ROC Current Signal -> (1) 21 Jun: BULLISH (2) 20 Jun: BULLISH (3) 19 Jun: BULLISH

Western Areas is in a short term downtrend with the closing price @$3.51
Sine Weighted Moving Average /
Western Areas is in a short term downtrend with the closing price @$3.51

[BEARISH]: Western Areas currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 1.2%.

Daily Volume Index /
Western Areas: Current trading activity signals DVI distribution is present

[BEARISH]: Western Areas current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -3061.

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