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

Watpac
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Price extreme for CCI confirms signal reversal for Watpac
Commodity Channel Index /
Price extreme for CCI confirms signal reversal for Watpac

[BULLISH]: Watpac current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is -129. WTP received a confirmed CCI crossover on the Dec 11 2017.The bullish signal has been active for 2 days. During the quarter, the lowest CCI value was -274.

Watpac has moved below the S1 pivot point ($0.625) [Bearish]
Pivot Points /
Watpac has moved below the S1 pivot point ($0.625) [Bearish]

Watpac has broken the first support point ($0.625) [Bearish]. Look for a short limit order entry near this point. Exit price for WTP should be set @$0.62 & short position stoploss for Watpac should be set between $0.65 & $0.655

Close Tod Vs Close Yest /
Sellers continue to be keener than buyers for Watpac & are driving the price down.

[BEARISH]: Watpacsellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for WTP adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -3 & the greatest daily negative change this year has been -7.2. The longest consecutive downswing rally over the last 12 months has been 2 days giving a total rally downward movement of -9.2%. 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 0.4x giving a total win/loss ratio of 0.8x. Over the last month the average daily downward movement has been -1.5%

Momentum /
5-day momentum is decreasing for Watpac

[BEARISH]: Watpac currently has negative momentum of -0.015 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -1.6%.The largest downward momentum rally for the last 3 months is 4 days producing a return of -4.5%%.

MACD /
Watpac: MACD oscillator (-0.001000)

[BEARISH CROSSOVER]: Watpac currently has negative MACD of -0.001000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is 0%.

Accumulation / Distribution /
Market conditions are indicating distribution is now confirmed for WTP

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

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Close Tod Vs Range Tod /
Watpac: Sellers are in control at the market close.

[BEARISH]: Watpac sellers in control. This is the first day of seller commitment for Watpac adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 251 trading days with the closing price in the lower part of the range giving a confirmation ratio of 95.4%. Over the last month there has been 3 trading days with the closing price in the lower range giving a confirmation ratio of 37.5%. Currently this quarter, closing price has spent 37 days in the lower price range compared to 37 days in the upper range giving a ratio of 1x.

Watpac: Chaikin Oscillator crossover has formed from increased selling pressure
Chaikin Money Flow /
Watpac: Chaikin Oscillator crossover has formed from increased selling pressure

[BEARISH CROSSOVER]: Watpac current price has highlighted recent selling pressure and the start of a bearish trading conditions. Currently, the CMF is -0.1. During the quarter, the lowest CMF value was -0.26

Watpac has broken the first Woodie support point ($0.623) [Bearish]
Woodie Pivot Point /
Watpac has broken the first Woodie support point ($0.623) [Bearish]

Watpac has broken the first Woodie support point ($0.623) [Bearish]. Look for a short limit order entry near this point. Exit price for WTP should be set @$0.619 & short position stoploss for Watpac should be set at $0.649

Low Price /
Watpac has failed to achieve a lower low of $0.63 (-0.8 %)

[BULLISH]: Watpac current downtrend in the first timeframe. Currently, the Low is $0.63 (-0.8 %).

Open Tod Vs Close Tod /
Watpac: Sellers have taken control.

[BEARISH]: Watpac opened in the middle part of daily range at 66.7% & closed in the lower part of the trading range at 0%. This suggests the sellers have taken control. Over the last 12 months there has been 20 trading days with the opening price in the middle shadow & the closing the price in the lower shadow giving a confirmation ratio of 7.6%. 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 lower price range giving a confirmation ratio of 25%.

Black Candle /
WTP Basic Candle: Black

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

WTP: Price continues to move below the SWMA(5) @$0.645
Sine Weighted Moving Average /
WTP: Price continues to move below the SWMA(5) @$0.645

WTP: SWMA Current Signal -> (1) 12 Dec: BULLISH (2) 11 Dec: BULLISH (3) 08 Dec: BEARISH CROSSOVER

Watpac: Look for a short limit order entry @$0
Fibonacci Extensions /
Watpac: Look for a short limit order entry @$0

Watpac has moved above the 161.8% level ($0) [Bearish]. Look for a short limit order entry near this point. Exit price for WTP should be set @$0 & short position stoploss for Watpac should be set at $0

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

[BULLISH]: Watpac UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 5.454.

Triangular Moving Average /
Watpac: Closing price $0.63 is below the TMA(5) @$0.647

[BEARISH]: Watpac 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 -1.6%.

Short Trend /
Watpac: Daily Downtrend remains intact

[BEARISH]: Watpac is in a downtrend in the short term timeframe. The current rally number is 2 & the highest rally count for the LTM is 2

Recent trading for Watpac fell short of the previous close by -1.6 %
Closing Price /
Recent trading for Watpac fell short of the previous close by -1.6 %

[BEARISH]: Watpac current downtrend in the first timeframe. Currently, the Close is $0.63.

Price percentage oscillator: Downward momentum is still present for Watpac
Percentage Price /
Price percentage oscillator: Downward momentum is still present for Watpac

[BEARISH]: Watpac currently has negative PPO -2.000%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Watpac was difficult to move downward due to high volume in recent trading [Bearish]
Ease of Movement /
Watpac was difficult to move downward due to high volume in recent trading [Bearish]

[BEARISH]: Watpac current price have moved downwards on high volume. Currently, the Ease of Movement is -0.017

Price Range /
Range for WTP has surpassed the range of the previous trading session

WTP: Price Range Current Signal -> (1) 12 Dec: NEUTRAL (2) 11 Dec: BEARISH (3) 08 Dec: BULLISH

On Balance Volume /
OBV: Distribution still active for Watpac

[BEARISH]: Watpac current price has highlighted recent distribution. Currently, the OBV is -910053.

Volume Rate of Change /
Positive VROC for Watpac is a leading indicator for continued price rise

[BULLISH]: Watpac currently has positive volume of change of 171%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -1.6%.

High Price /
WTP has achieved a lower high of $0.645 (-0.8 %)

[BEARISH]: Watpac current downtrend in the first timeframe. Currently, the HIGH is -0.8 %.

Price continues to trade below the Simple Moving Average(5) for WTP
Simple Moving Average /
Price continues to trade below the Simple Moving Average(5) for WTP

[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 -1.6%.

Watpac: Daily volume is 444755 [Higher Volume]
Volume /
Watpac: Daily volume is 444755 [Higher Volume]

[BULLISH]: Watpac current volume uptrend in the first timeframe. Volume for WTP is444755 (323.7).

Exponential Moving Average /
Watpac is in a short term downtrend with the closing price @$0.63

[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 -1.6%.

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