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

Watpac
+ Share

Weak opening from WTP has seen an decrease of -0.7 % [Downtrend]
Opening Price /
Weak opening from WTP has seen an decrease of -0.7 % [Downtrend]

[BEARISH]: Watpac opening price has gapped down. Currently, the OPEN is $0.665 (-0.7 %).

Stochastic Oscillator (71.4) for WTP is now below the overbought limit
Stochastic Oscillator /
Stochastic Oscillator (71.4) for WTP is now below the overbought limit

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

MACD Volume /
Watpac: Volume MACD @-2212 [Bearish]

[BEARISH]: Watpac currently has negative Volume MACD of -2212. This means the signal line is less than the Volume MACD line signalling a bearish movement.

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

[BEARISH]: Watpac 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 0%.

Volume Rate of Change /
Positive VROC: Volume is now higher for Watpac than 14 days ago

WTP: VROC Current Signal -> (1) 20 Feb: BULLISH CROSSOVER (2) 19 Feb: BEARISH CROSSOVER (3) 16 Feb: BULLISH

Ease of Movement /
Trading session closed lower on high volume for Watpac [Bearish]

WTP: EOM Current Signal -> (1) 20 Feb: BEARISH HARD (2) 19 Feb: NEUTRAL (3) 16 Feb: BEARISH HARD

Daily trading has confirmed an Aroon downtrend (-48) for Watpac
Aroon Oscillator /
Daily trading has confirmed an Aroon downtrend (-48) for Watpac

[BEARISH]: Watpac has a current ARU(25) of 12 and a current ARD(25) of 60

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Exponential Moving Average /
Exponential Moving Average(5) signal continues for Watpac indicating downward price movement is likely

[BEARISH]: Watpac 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 0%.

Watpac: Look for a long limit order entry @$0.6675
Demarks Pivot Points /
Watpac: Look for a long limit order entry @$0.6675

Watpac has broken the first DeMark resistance point ($0.6675) [Bullish]. Look for a long limit order entry near this point. Exit price for WTP should be set @$0.675 & Stoploss for Watpac should be set at $0.665

WTP Basic Candle: White
White Candle /
WTP Basic Candle: White

[BULLISH]: Watpac has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Medium Trend /
Daily trading has maintained an Uptrend medium trend for Watpac

WTP: Medium Term Recent Trading -> (1) 20 Feb: Uptrend (2) 19 Feb: Uptrend (3) 16 Feb: Uptrend

Close Tod Vs Range Tod /
Watpac: Close versus price range (100%.)

WTP: Close versus price range Current Signal ->(1) 20 Feb: NEUTRAL (2) 19 Feb: NEUTRAL (3) 16 Feb: NEUTRAL

Detrended Price Oscillator /
[Downtrend]: Price for Watpac is currently below the displaced moving average

[BEARISH]: Watpac currently has a confirmed downtrend. Price is currently below the displaced moving average for WTPCurrently, the return on DPO20 is 0%.

Watpac opened in the middle part of daily range at 50% & closed in the upper part of the trading range at 100%. This suggests the buyers have taken control.
Open Tod Vs Close Tod /
Watpac opened in the middle part of daily range at 50% & closed in the upper part of the trading range at 100%. This suggests the buyers have taken control.

[BULLISH]: Watpac opened in the middle part of daily range at 50% & closed in the upper part of the trading range at 100%. This suggests the buyers have taken control. Over the last 12 months there has been 19 trading days with the opening price in the middle shadow & the closing the price in the upper shadow giving a confirmation ratio of 7.4%. Over the last month there has been 2 trading days with the opening price in the middle price range & the closing the price in the upper price range giving a confirmation ratio of 15.4%.

Traders are now accumulating Watpac
Accumulation / Distribution /
Traders are now accumulating Watpac

[BULLISH CROSSOVER]: Watpac current price has highlighted the commencement of accumulation and the start of bullish trading conditions.

Daily Volume Index /
DVI: Distribution still active for Watpac

[BEARISH]: Watpac current distribution has given weakness to the share price and the continuation of bearish trading conditions.

Fibonacci Extensions /
Watpac has broken below the 161.8% extension level ($4.15) [Bullish]

Watpac has moved below the 161.8% level ($4.15) [Bullish]. Look for a long limit order entry near this point. Exit price for WTP should be set @$4.48 & Stoploss for Watpac should be set at $3.82

Percentage Price /
The current price is still gaining momentum through a rise for WTP on the short term EMA.

WTP: PPO Current Signal -> (1) 20 Feb: BULLISH (2) 19 Feb: BULLISH CROSSOVER (3) 16 Feb: BULLISH CROSSOVER

Watpac: Daily closing price is $0.67 [Bullish]
Closing Price /
Watpac: Daily closing price is $0.67 [Bullish]

WTP: CLOSE Current Signal -> (1) 20 Feb: NEUTRAL (2) 19 Feb: NEUTRAL (3) 16 Feb: BEARISH

Ulcer index has fallen as the price rises for Watpac
Ulcer Index /
Ulcer index has fallen as the price rises for Watpac

[BEARISH]: Watpac UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 3.929.

Watpac is in a short term downtrend with the closing price @$0.67
Simple Moving Average /
Watpac is in a short term downtrend with the closing price @$0.67

[BULLISH]: Watpac 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 0%.

MACD /
Watpac: MACD @0.000000 [Bearish Crossover]

[BEARISH CROSSOVER]: Watpac currently has negative MACD of 0.000000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is 0%.

Momentum /
5-day momentum is now increasing for Watpac

[BULLISH CROSSOVER]: Watpac currently has positive momentum of 0.005. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 0%. The largest upward momentum rally for the last 3 months is 5 days producing a return of 0%%.

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

[BEARISH]: Watpac 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 0%.

Elder Ray Index /
Watpac: Elder Ray Index is -0.011 [Bearish]

WTP: Elder Ray Index Current Signal -> (1) 20 Feb: BEARISH (2) 19 Feb: BEARISH (3) 16 Feb: BULLISH

Recent trading for Watpac has surpassed the previous high by 0 %
High Price /
Recent trading for Watpac has surpassed the previous high by 0 %

WTP: HIGH Current Signal -> (1) 20 Feb: NEUTRAL (2) 19 Feb: BEARISH (3) 16 Feb: BULLISH

Watpac has broken the first resistance point ($0.674) [Bullish]
Pivot Points /
Watpac has broken the first resistance point ($0.674) [Bullish]

Watpac has broken the first resistance point ($0.674) [Bullish]. Look for a long limit order entry near this point. Exit price for WTP should be set @$0.677 & Stoploss for Watpac should be set between $0.657 & $0.654

Range Tod Vs Range Yest /
Watpac: Range Performance (0)

WTP: Range today versus range yesterday Current Signal ->(1) 20 Feb: NEUTRAL (2) 19 Feb: NEUTRAL (3) 16 Feb: BEARISH

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