WSA | Australian Securities Exchange

Western Areas
+ Share

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 current rally number is 5 & the highest rally count for the LTM is 5. The highest rally for the month is 14

Sine Weighted Moving Average(15) signal continues for Western Areas indicating downward price movement is likely
Sine Weighted Moving Average /
Sine Weighted Moving Average(15) signal continues for Western Areas indicating downward price movement is likely

WSA: SWMA Current Signal -> (1) 18 Oct: BEARISH (2) 17 Oct: BEARISH (3) 16 Oct: BEARISH

Fibonacci Fans /
Western Areas: 0.618 Fibonacci Fan ($2.66)

Western Areas: The current Fibonacci Fan levels are: (23.61%) $2.46: (38.2%) $2.54: (50%) $2.6: (61.8%) $2.66The current support levels are: (78.6%) $2.75: (100%) $2.86: (138.2%) $3.06: (161.8%) $3.18: (261.8%) $3.7: (423.61%) $4.54

Triangular Moving Average /
Western Areas: Triangular Moving Average(15) (2.635)

[BEARISH]: Western Areas currently has a confirmed downtrend. Recent trading has caused the TMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is -1.7%.

Black Candle /
WSA Basic Candle: Black

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

MACD Volume /
The Volume MACD continues to fall below the signal line for WSA [Bearish]

[BEARISH]: Western Areas currently has negative Volume MACD of -170560. This means the signal line is less than the Volume MACD line signalling a bearish movement.

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Accumulation / Distribution /
Distribution still active for Western Areas

[BEARISH]: Western Areas (ASX:WSA) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -211003.

Selling pressure for WSA highlights ability of sellers to drive the price downwards
Elder Ray Index /
Selling pressure for WSA highlights ability of sellers to drive the price downwards

[BEARISH]: Western Areas Elder Ray Index is signalling a Bearish movementERI is -0.176 indicating bear power. Prices are being driven below the consensus of value for WSA during the last trading session [Selling Pressure]

Western Areas is being actively accumulated based on DVI
Daily Volume Index /
Western Areas is being actively accumulated based on DVI

[BULLISH]: Western Areas (ASX:WSA) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 2755.

Short Trend /
Daily bar has again closed the day with an Downtrend for WSA

[BEARISH]: Western Areas is in a downtrend in the short term timeframe. The sellers have dominated the daily trade, however further confirmation is required before taking a position

Percentage Volume /
WSA: Percentage Volume Oscillator [Bearish]

[BEARISH]: Western Areas currently has negative PVO -14.81%. The recent volume is losing momentum through a fall on the short term exponential moving average.

Weighted Moving Average /
Western Areas is in a short term downtrend with the resistance price @$2.528

[BEARISH]: Western Areas currently has a confirmed downtrend. Recent trading has caused the WMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is -1.7%.

Western Areas: 0.618 Fibonacci Retraction (2.66)
Fibonacci Retracements /
Western Areas: 0.618 Fibonacci Retraction (2.66)

Western Areas: The current Fibonacci Retraction levels are: (23.61%) $2.46: (38.2%) $2.54: (50%) $2.6: (61.8%) $2.66The current support levels are: (78.6%) $2.75: (100%) $2.86: (138.2%) $3.06: (161.8%) $3.18: (261.8%) $3.7: (423.61%) $4.54

Western Areas: Closing price $2.36 is above the Upper Bollinger Band ($2.87)
Bollinger Bands /
Western Areas: Closing price $2.36 is above the Upper Bollinger Band ($2.87)

[BEARISH]: Western Areas is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. The current level is 0.14% with a current width of 19.63.

Momentum /
Momentum continues to reduce for Western Areas signalling a short term downtrend is likely

[BEARISH]: Western Areas currently has negative momentum of -0.3 This means the current price is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -1.7%.The largest downward momentum rally for the last 3 months is 7 days producing a return of -9.2%.

Elders Force Index /
[Selling Pressure]: Elders Force Index (-53122) confirms bearish conditions are intact

[BEARISH]: Western Areas current price has highlighted recent selling pressure. Currently, the Elders Force Index is -53122.

On Balance Volume /
Recent trading signals Western Areas is being distributed

[BEARISH]: Western Areas current price has highlighted recent distribution. Currently, the OBV is -1.57826e+006.

Western Areas: Look for a long limit order entry @$29.39
Fibonacci Extensions /
Western Areas: Look for a long limit order entry @$29.39

Western Areas: The current Fibonacci Extension levels are: (23.61%) $2.46: (38.2%) $2.54: (50%) $2.6: (61.8%) $2.66The current support levels are: (78.6%) $2.75: (100%) $2.86: (138.2%) $3.06: (161.8%) $3.18: (261.8%) $3.7: (423.61%) $4.54

WSA: Price continues to move below the SMA(15) @$2.5933
Simple Moving Average /
WSA: Price continues to move below the SMA(15) @$2.5933

[BEARISH]: Western Areas 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 -1.7%.

Western Areas: Closing price $2.36 is below the Lower Envelope Band ($2.451)
Moving Average Envelope /
Western Areas: Closing price $2.36 is below the Lower Envelope Band ($2.451)

[BEARISH]: Western Areas current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the short trading conditions. Currently, the Lower Band is 2.451.

Gap Down /
A short term Gap Down has formed with Western Areas

[BULLISH]: A short term Gap Down has formed with Western Areas which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 2 occurrences of this bar reversal giving a signal probability of 0.8%.

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

[BEARISH]: Western Areas 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 -1.7%.

Close Tod Vs Close Yest /
The biggest upward movement for Western Areas this month has been -5.1

[BEARISH]: Western Areassellers are keener than buyers and are driving the price down. There has been 4 consecutive days of price decline for WSA adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -5.1 & the greatest daily negative change this year has been -93.2. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -99%. This quarter, the largest downswing rally has been 5 days giving a total rally downward movement of -11.5%. The loss ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.1x. Over the last month the average daily downward movement has been -1.500000%

Volume Rate of Change /
Negative VROC: Price is lower for Western Areas than 14 days ago

[BEARISH]: Western Areas currently has negative rate of change of -55%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -1.7%.

Upper Donchian Band Overbought signal had been maintained for Western Areas
Donchian Channels /
Upper Donchian Band Overbought signal had been maintained for Western Areas

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

Recent trading indicates a continuation in T2 upward trend direction WSA [Uptrend]
Medium Trend /
Recent trading indicates a continuation in T2 upward trend direction WSA [Uptrend]

WSA: Medium Term Current Signal -> (1) 18 Oct: BULLISH (2) 17 Oct: BULLISH (3) 16 Oct: BULLISH

Stochastic Oscillator /
Stochastic Oscillator (3.8) for WSA is still above the Overbought limit

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

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