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

Western Areas
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Western Areas currently has positive rate of change for 6.07
Rate of Change /
Western Areas currently has positive rate of change for 6.07

WSA: ROC Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH

Negative momentum for Western Areas is a leading indicator for continued price falls
Momentum /
Negative momentum for Western Areas is a leading indicator for continued price falls

[BEARISH]: Western Areas currently has negative momentum of -0.04 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -2.6%.The largest downward momentum rally for the last 3 months is 1 days producing a return of -4.6%%.

Low Price /
Western Areas: Daily low performance is -3.7 % [Downtrend]

[BULLISH]: Western Areas current downtrend in the first timeframe. Currently, the Low is $3.285 (-3.7 %).

Aroon Oscillator /
Western Areas has signalled an Aroon trend present [Strong Uptrend]

[BULLISH]: Western Areas has a current ARO(25) of 68. This has change -12 points from yesterday.

Average True Range /
WSA: Average True Range has confirmed an downtrend @0.107

[Bearish]: Average True Range has confirmed an downtrend is present. Western Areas has a TR of 0.125, and an ATR(14) of 0.107.

Stochastic Oscillator /
Stochastic overbought signal has just been neutralized for Western Areas

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

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Chaikin Money Flow /
Chaikin Oscillator crossover & signal change for WSA

[BEARISH CROSSOVER]: Western Areas current price has highlighted recent selling pressure and the start of a bearish trading conditions. Currently, the CMF is -0.19. During the quarter, the lowest CMF value was -0.23

[Bearish]: Trend following indicator for WSA highlights downward price direction is likely
Exponential Moving Average /
[Bearish]: Trend following indicator for WSA highlights downward price direction is likely

[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 -2.6%.

Market conditions are indicating OBV accumulation is current for WSA
On Balance Volume /
Market conditions are indicating OBV accumulation is current for WSA

[BULLISH]: Western Areas current price has highlighted recent accumulation. Currently, the OBV is 4.67156e+006.

Open Tod Vs Close Tod /
Western Areas: Sellers were in control all day.

[BEARISH STRONG]: Western Areas opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 30.4%. This suggests the sellers were in control all day. Over the last 12 months there has been 54 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 20.7%. Over the last month there has been 3 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 37.5%.

Woodie Pivot Point /
Western Areas: Stoploss for short position should be set at $3.446

Western Areas has broken the first Woodie support point ($3.262) [Bearish]. Look for a short limit order entry near this point. Exit price for WSA should be set @$3.216 & short position stoploss for Western Areas should be set at $3.446

Volume Rate of Change /
Western Areas has initiated a positive volume rate of change of 5

[BULLISH CROSSOVER]: Western Areas currently has positive volume of change of 5%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -2.6%.

Western Areas: Triangular Moving Average(5) (3.413)
Triangular Moving Average /
Western Areas: Triangular Moving Average(5) (3.413)

[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 -2.6%.

WSA: Medium term trend is still an Uptrend
Medium Trend /
WSA: Medium term trend is still an Uptrend

[BULLISH]: Western Areas has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Dec 12 2017.

Ulcer Index /
[Low Stress]: Low drawdown associated with recent trading of WSA

[BEARISH]: Western Areas UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.712.

Demarks Pivot Points /
Western Areas has moved below the S1 DeMark pivot point ($3.3225) [Bearish]

Western Areas has broken the first DeMark support point ($3.3225) [Bearish]. Look for a short limit order entry near this point. Exit price for WSA should be set @$3.245 & short position stoploss for Western Areas should be set at $3.36

Black Candle /
WSA Basic Candle: Black

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

Recent trading for Western Areas has opened -2.6 % lower than previous session
Opening Price /
Recent trading for Western Areas has opened -2.6 % lower than previous session

WSA: OPEN Current Signal -> (1) 11 Jan: BEARISH (2) 10 Jan: BULLISH (3) 09 Jan: BEARISH

Stoploss for Western Areas should be set at $1.9
Fibonacci Extensions /
Stoploss for Western Areas should be set at $1.9

Western Areas has moved above the 161.8% level ($2.27) [Bearish]. Look for a short limit order entry near this point. Exit price for WSA should be set @$2.64 & short position stoploss for Western Areas should be set at $1.9

MACD for Western Areas continues to gain momentum @0.012000
MACD /
MACD for Western Areas continues to gain momentum @0.012000

[BULLISH]: Western Areas currently has positive MACD of 0.012000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is -4.6%.

Detrended Price Oscillator /
Western Areas: Detrended Price Oscillator(20) is 0.2935

[BULLISH]: Western Areas currently has a confirmed uptrend. Price is currently above the displaced moving average for WSACurrently, the return on DPO20 is -2.6%.

Camarilla Pivot Points /
Western Areas: Stoploss for short position should be set between $3.876 & $4.154

Western Areas current pivot point Camarilla is: $3.335. The current resistance levels are: (R1) $3.598: (R2) $3.876: (R3) $4.154: (R4) $4.987The current support levels are: (S1) $3.042: (S2) $2.764: (S3) $2.486: (S4) $1.652

Close Tod Vs Close Yest /
The loss ratio for price fall in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 0.9x

[BEARISH]: Western Areassellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for WSA adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -2.6 & the greatest daily negative change this year has been -2.6. The longest consecutive downswing rally over the last 12 months has been 4 days giving a total rally downward movement of -22.4%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -4.6%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 0.9x. Over the last month the average daily downward movement has been -1.7%

Closing Price /
Weaker price performance from WSA has seen a lower close of -2.6 % [Downtrend]

[BEARISH]: Western Areas current downtrend in the first timeframe. Currently, the Close is $3.32.

Western Areas has moved below the 61.8% retracement fan level ($7.38) [Bearish]
Fibonacci Fans /
Western Areas has moved below the 61.8% retracement fan level ($7.38) [Bearish]

Western Areas has moved below the 61.8% retracement level ($7.38) [Bearish]. Look for a short limit order entry near this point. Exit price for WSA should be set @$2.71 & short position stoploss for Western Areas should be set between $2.79

Market conditions are indicating DVI distribution has been initiated for WSA
Daily Volume Index /
Market conditions are indicating DVI distribution has been initiated for WSA

[BEARISH CROSSOVER]: Western Areas current price has highlighted the commencement of distribution and the start of bearish trading conditions.

Pivot Points /
Limit order for a short position has been identified for Western Areas [Bearish]

Western Areas current pivot point is: 3.335. The current resistance levels are: (R1) $3.385: (R2) $3.45: (R3) $3.5: The current support levels are: (S1) $3.27: (S2) $3.22: (S3) $3.155

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