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

Watpac
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Oversold signal for the Lower Envelope band is still current for Watpac
Moving Average Envelope /
Oversold signal for the Lower Envelope band is still current for Watpac

[BULLISH]: Watpac current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 0.7410.

The TMA trend following signal is still current for Watpac [Bullish]
Triangular Moving Average /
The TMA trend following signal is still current for Watpac [Bullish]

[BULLISH]: Watpac 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 0.6%.

MACD Volume /
[Bullish]: Watpac currently has positive Volume MACD histogram 7411.0000

[BULLISH]: Watpac currently has positive Volume MACD of 7411.0000. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Exponential Moving Average /
The EMA trend following signal is still current for Watpac [Bullish]

[BULLISH]: Watpac currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 0.6%.

Elder Ray Index /
[Bullish]: Recent trading has driven price above the consensus of value for WTP

[BULLISH]: WatpacElder Ray Index is signalling a Bullish movementERI is 0.0090 indicating bull power. Prices are being driven above the consensus of value for WTP during the last trading session [Buying Pressure]

Detrended Price Oscillator /
Detrended Price for WTP has signalled bullish price movements are likely

WTP: DPO Current Signal -> (1) 20 Apr: BULLISH (2) 19 Apr: BULLISH (3) 18 Apr: BULLISH

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Bull Belt-Hold /
Watpac: Bull Belt-Hold

[BULLISH]: Watpac has formed a new Bull Belt-Hold reversal pattern.

Watpac: Daily high price is $0.8000 [Higher High]
High Price /
Watpac: Daily high price is $0.8000 [Higher High]

[BULLISH]: Watpac current uptrend in the first timeframe. Currently, the HIGH is 0.6 %.

Over the last month the average daily win ratio has been 1.400000%
Close Tod Vs Close Yest /
Over the last month the average daily win ratio has been 1.400000%

[BULLISH]: Watpacbuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for WTP adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 3.9 & the greatest daily positive change this year has been 14.9. The longest consecutive upswing rally over the last 12 months has been 5 days giving a total rally upward movement of 15.5%. This quarter, the largest upswing rally has been 1 days giving a total rally upward movement of 3.9%. The win ratio for price rise in the first timeframe for the last 12 months is 0.3x giving a total win/loss ratio of 0.8x. Over the last month the average daily upward movement has been 1.400000%

Volume /
[Bullish]: Watpac has beaten previous volume by 482.0

[BULLISH]: Watpac current volume uptrend in the first timeframe. Volume for WTP is103100 (482.0).

Pivot Points /
Watpac has moved above the R1 pivot point ($0.8010) [Bullish]

Watpac current pivot point is: 0.7980. The current resistance levels are: (R1) $0.8010: (R2) $0.8030: (R3) $0.8060: The current support levels are: (S1) $0.7960: (S2) $0.7930: (S3) $0.7910

Open Tod Vs Close Tod /
Open/close reversal: Buyers were in control of trading all day for WTP

[BULLISH STRONG]: Watpac opened in the lower part of daily range at 0.000000000000000% & closed in the upper part of the trading range at 100.000000000000000%. This suggests the buyers were in control all day. Over the last 12 months there has been 37 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 14.1%. Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 13.3%.

Sine Weighted Moving Average(5) signal continues for Watpac indicating upward price movement is likely
Sine Weighted Moving Average /
Sine Weighted Moving Average(5) signal continues for Watpac indicating upward price movement is likely

WTP: SWMA Current Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: BEARISH (3) 18 Apr: BEARISH

Watpac: Aroon oscillator (40.0000) has confirmed an uptrend is present
Aroon Oscillator /
Watpac: Aroon oscillator (40.0000) has confirmed an uptrend is present

[BULLISH]: Watpac has a current ARU(25) of 72.0000 and a current ARD(25) of 32.0000

White Marubozu /
WTP Basic Candle: White Marubozu

[BULLISH]: Watpac has formed a White Marubozu candlestick. This means, WTP has received strong buying confidence and upward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Ease of Movement /
Price was difficult to move upward in recent trading on high volume causing an uptrend in price for WTP

WTP: EOM Current Signal -> (1) 20 Apr: BULLISH HARD (2) 19 Apr: NEUTRAL (3) 18 Apr: BULLISH HARD

Closing Price /
Close for WTP has surpassed the close of the previous trading session

WTP: CLOSE Current Signal -> (1) 20 Apr: BULLISH (2) 19 Apr: NEUTRAL (3) 18 Apr: BULLISH

Watpac has moved below the 161.8% extension level ($12.7900) [Bullish]
Fibonacci Extensions /
Watpac has moved below the 161.8% extension level ($12.7900) [Bullish]

Watpac has moved below the 161.8% level ($12.7900) [Bullish]. Look for a long limit order entry near this point. Exit price for WTP should be set @$14.4600 & Stoploss for Watpac should be set at $11.1200

Bill Williams Profanity has signalled a Green Day for Watpac
Bill Williams Market Facilitation /
Bill Williams Profanity has signalled a Green Day for Watpac

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

Expanding price range for WTP signalling buyers are now becoming more eager
Range Tod Vs Range Yest /
Expanding price range for WTP signalling buyers are now becoming more eager

[BULLISH]: Watpacbuyers are increasingly eager. This is the first day buyers have increased eagerness for WTP adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.0400. & the greatest daily price range this year has been $0.1750. The price range ratio this week versus the quarterly price range is 0.3000000000000000000x & the price range ratio this month versus the year to date price range is 0.2000000000000000000x.

Simple Moving Average /
Watpac is in a short term uptrend with the closing price @$0.8000

[BEARISH]: Watpac currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 0.6%.

Average Directional Movement /
Daily trading has confirmed an ADX strong trend (42.4000) for Watpac

WTP: Average Directional Index Recent Trading -> (1) 20 Apr: 42.4000 (2) 19 Apr: 42.0100 (3) 18 Apr: 41.8500

Daily Volume Index /
Market conditions are indicating DVI distribution is current for WTP

[BEARISH]: Watpac current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -1.0000.

Elders Force Index /
Bullish conditions for WTP are likely to continue based on EFI (70.0000)

[BULLISH]: Watpac current price has highlighted recent buying pressure. Currently, the Elders Force Index is 70.0000.

William %R overbought signal has just been triggered for Watpac
Williams %R /
William %R overbought signal has just been triggered for Watpac

[BULLISH]: Watpac is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Stochastic overbought signal has just been neutralized for Watpac
Stochastic Oscillator /
Stochastic overbought signal has just been neutralized for Watpac

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

Medium Trend /
Watpac: 2nd timeframe trend Uptrend remains intact

[BULLISH]: Watpac has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Apr 6 2018.

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