WSA | Australian Securities Exchange

Western Areas
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Closing price for WSA ($3.01) signals buyers are still keener than sellers
Close Tod Vs Close Yest /
Closing price for WSA ($3.01) signals buyers are still keener than sellers

[BULLISH]: Western Areasbuyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for WSA adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 3.1 & the greatest daily positive change this year has been 9.3. The longest consecutive upswing rally over the last 12 months has been 4 days giving a total rally upward movement of 14.9%. This quarter, the largest upswing rally has been 3 days giving a total rally upward movement of 4.5%. 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 1.400000%

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

WSA: EOM Current Signal -> (1) 20 Aug: BULLISH HARD (2) 17 Aug: BULLISH HARD (3) 16 Aug: BEARISH HARD

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

[BEARISH]: Western Areas (ASX:WSA) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -3044.

MACD /
Western Areas: MACD @-0.0242 [Bearish]

[BEARISH]: Western Areas currently has negative MACD of -0.0242. This means the signal line is less than the MACD line signalling a bearish movement.

Stochastic Oscillator /
[NEUTRAL]: Western Areas current trading has closed out the Stochastic Oscillator to oversold status

WSA: Stochastic Oscillator Signal -> (1) 20 Aug: BULLISH CROSSUNDER (2) 17 Aug: BULLISH (3) 16 Aug: BULLISH

Range Tod Vs Range Yest /
Western Areas: Range Performance (-45.5)

[WEAK BEARISH]: Western Areas buyers are becoming less eager. This is the first day buyers have decreased eagerness for WSA reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.5300 & the greatest daily price range this year has been $1.1100. The price range ratio this week versus the quarterly price range is 0.1x & the price range ratio this month versus the year to date price range is 0.5x.

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Moving Average Envelope /
Envelope bands Oversold signal is still current for Western Areas [Bullish]

[BULLISH]: Western Areas current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 3.04.

Western Areas is in a short term uptrend with the support price @$2.97
Weighted Moving Average /
Western Areas is in a short term uptrend with the support price @$2.97

[BULLISH]: Western Areas currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 2.7%.

[Bullish]: SWMA(5) is serving as a support line for Western Areas
Sine Weighted Moving Average /
[Bullish]: SWMA(5) is serving as a support line for Western Areas

WSA: SWMA Current Signal -> (1) 20 Aug: BULLISH CROSSOVER (2) 17 Aug: BEARISH (3) 16 Aug: BEARISH

Ulcer Index /
Recent downward trend has increased drawdown exposure associated with Western Areas

WSA: UIX Current Signal -> (1) 20 Aug: High stress (2) 17 Aug: High stress (3) 16 Aug: High stress

Demarks Pivot Points /
DeMark pivot point for WSA is bullish. Stoploss should be positioned @$2.99

Western Areas has broken the first DeMark resistance point ($3.0100) [Bullish]. Look for a long limit order entry near this point. Exit price for WSA should be set @$3.05 & Stoploss for Western Areas should be set at $2.99

Pivot Points /
Western Areas: Look for a long limit order entry @$3.036

Western Areas has broken the first resistance point ($3.036) [Bullish]. Look for a long limit order entry near this point. Exit price for WSA should be set @$3.063 & Stoploss for Western Areas should be set between $2.943 & $2.916

Western Areas has maintained the 2nd timeframe trend [Downtrend]
Medium Trend /
Western Areas has maintained the 2nd timeframe trend [Downtrend]

[BEARISH]: Western Areas has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Aug 9 2018.

[Long]: Limit orders for Western Areas should be set at $16.43
Fibonacci Extensions /
[Long]: Limit orders for Western Areas should be set at $16.43

Western Areas has moved below the 161.8% level ($16.43) [Bullish]. Look for a long limit order entry near this point. Exit price for WSA should be set @$17.97 & Stoploss for Western Areas should be set at $14.89

Donchian Channels /
Closing price ($3.01) for WSA is still below the Upper Donchian Band

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

Aroon Oscillator /
Western Areas: Aroon oscillator (-84) has confirmed a strong downtrend is present

[BEARISH]: Western Areas has a current ARO(25) of -84. This has change 8 points from yesterday.

Chaikin Money Flow /
No signal present from the CMF indicator for WSA

Western Areas (ASX:WSA): Chaikin Oscillator Current Signal -> (1) 20 Aug: NEUTRAL (2) 17 Aug: BEARISH CROSSOVER (3) 16 Aug: NEUTRAL

Western Areas has signalled an Average Directional Index weak trend present
Average Directional Movement /
Western Areas has signalled an Average Directional Index weak trend present

[Weak Trend]: ADX for WSA has confirmed a weak trend is present. Western Areas has an ATR(14) of 0.104, a DX of 25.81 & an ADX(14) of 19.18

Negative ROC for WSA is a leading indicator for continued price fall
Rate of Change /
Negative ROC for WSA is a leading indicator for continued price fall

WSA: ROC Current Signal -> (1) 20 Aug: BEARISH (2) 17 Aug: BEARISH (3) 16 Aug: BEARISH

Western Areas: Woodie Pivot ($3.005)
Woodie Pivot Point /
Western Areas: Woodie Pivot ($3.005)

Western Areas has broken the first Woodie resistance point ($3.04) [Bullish]. Look for a long limit order entry near this point. Exit price for WSA should be set @$3.065 & Stoploss for Western Areas should be set at $2.945

Detrended Price Oscillator /
Western Areas: Detrended Price Oscillator(20) is -0.371

[BEARISH]: Western Areas currently has a confirmed downtrend. Price is currently below the displaced moving average for WSA. Currently, the return on DPO20 is 2.7%.

Percentage Price /
Western Areas: Price Percentage Oscillator

[BEARISH]: Western Areas currently has negative PPO -3.609%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Elders Force Index /
Recent trading highlights continued selling pressure is present for WSA

[BEARISH]: Western Areas current price has highlighted recent selling pressure. Currently, the Elders Force Index is -79849.

White Candle /
WSA Basic Candle: White

WSA: Basic Candlestick Recent Trading -> (1) 20 Aug: White Candle (2) 17 Aug: Black Candle (3) 16 Aug: Black Candle

The TMA trend following signal is still current for Western Areas [Bearish]
Triangular Moving Average /
The TMA trend following signal is still current for Western Areas [Bearish]

[BEARISH]: Western Areas 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 2.7%.

[Uptrend]: Recent trading for WSA confirms bullish SMA(5) signal
Simple Moving Average /
[Uptrend]: Recent trading for WSA confirms bullish SMA(5) signal

[BULLISH]: Western Areas 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 2.7%.

Long Trend /
Daily trading has maintained an Uptrend long term trend for Western Areas

[BULLISH]: Western Areas has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Jul 13 2018.

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