Technical analysis from Westpac Banking (WBC.NZ.NZ, NZE:WBC.NZ) on the New Zealand Stock Exchange (NZX). Download the latest price data & trading signals

Westpac Banking
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[Bullish Crossover]: Westpac Banking currently has positive MACD histogram 0.023000
MACD /
[Bullish Crossover]: Westpac Banking currently has positive MACD histogram 0.023000

[BULLISH CROSSOVER]: Westpac Banking currently has positive MACD of 0.023000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is -1.5%.

Westpac Banking: The CCI oversold signal has been confirmed
Commodity Channel Index /
Westpac Banking: The CCI oversold signal has been confirmed

[BULLISH]: Westpac Banking current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is -137. WBC received a confirmed CCI crossover on the Jan 12 2018.The bullish signal has been active for 1 day. During the quarter, the lowest CCI value was -137.

Woodie Pivot Point /
Westpac Banking: Look for a long limit order entry @$34.21

Westpac Banking has broken the first Woodie resistance point ($34.21) [Bullish]. Look for a long limit order entry near this point. Exit price for WBC should be set @$34.345 & Stoploss for Westpac Banking should be set at $33.985

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

[BEARISH]: Westpac Banking 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 -0.5%.

Average Directional Movement /
Average Directional Index for Westpac Banking has signalled a weak trend is active

[Weak Trend]: ADX for WBC has confirmed a weak trend is presentWestpac Banking has an ATR(14) of 0.293, a DX of 21.1 & an ADX(14) of 14.09

Moving Average Envelope /
Oversold signal continues for Westpac Banking indicating upward price movement is likely

[BULLISH]: Westpac Banking current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 32.6800.

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Camarilla Pivot Points /
Westpac Banking has moved above the R1 Camarilla pivot point ($36.968) [Bullish]

Westpac Banking has broken the first Camarilla resistance point ($36.968) [Bullish]. Look for a long limit order entry near this point. Exit price for WBC should be set @$39.817 & Stoploss for Westpac Banking should be set between $28.423 & $25.575

Recent trading for Westpac Banking has surpassed the previous volume by 54.8
Volume /
Recent trading for Westpac Banking has surpassed the previous volume by 54.8

[BULLISH]: Westpac Banking current volume uptrend in the first timeframe. Volume for WBC is7680 (54.8).

WBC Basic Candle: Black Marubozu
Black Marubozu /
WBC Basic Candle: Black Marubozu

[BEARISH]: Westpac Banking has formed a Black Marubozu candlestick. This means, WBC has received strong selling confidence and downward 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.

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

WBC: Close versus price range Current Signal ->(1) 12 Jan: BEARISH (2) 12 Jan: NEUTRAL (3) 12 Jan: NEUTRAL

Detrended Price Oscillator /
Daily trading has confirmed the DPO(20) is bearish for Westpac Banking

[BEARISH]: Westpac Banking currently has a confirmed downtrend. Price is currently below the displaced moving average for WBCCurrently, the return on DPO20 is -0.5%.

Triangular Moving Average /
WBC: Price continues to move below the TMA(5) @$34.462

[BEARISH]: Westpac Banking 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 -0.5%.

The SMA trend following signal is still current for Westpac Banking [Bearish]
Simple Moving Average /
The SMA trend following signal is still current for Westpac Banking [Bearish]

WBC: SMA Recent Trading -> (1) 12 Jan: 34.418 (2) 12 Jan: 1.1246 (3) 12 Jan: 16182.2

Westpac Banking: Daily price tange is $0.18 [Increasing Range]
Price Range /
Westpac Banking: Daily price tange is $0.18 [Increasing Range]

[BULLISH]: Westpac Banking current uptrend in the first timeframe. Currently, the Range is $0.18.

Sine Weighted Moving Average /
[Bullish]: SWMA(30) is serving as a support line for Westpac Banking

[BEARISH]: Westpac Banking 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 -0.5%.

Percentage Price /
The current price is now losing momentum through a fall for WBC on the short term EMA.

WBC: PPO Recent Trading -> (1) 12 Jan: -0.409 (2) 12 Jan: 0.001 (3) 12 Jan: 1.821

Range Tod Vs Range Yest /
Buyers are now increasingly eager for Westpac Banking & the price range is expanding

[BULLISH]: Westpac Bankingbuyers are increasingly eager. This is the first day buyers have increased eagerness for WBC adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.74. & the greatest daily price range this year has been $0.74. The price range ratio this week versus the quarterly price range is 1x & the price range ratio this month versus the year to date price range is 1x.

Westpac Banking: Two Crows
Two Crows /
Westpac Banking: Two Crows

[BEARISH]: Westpac Banking has formed a new Two Crows reversal pattern.

Westpac Banking: Average True Range (0.293) has confirmed an uptrend is present
Average True Range /
Westpac Banking: Average True Range (0.293) has confirmed an uptrend is present

[Bullish]: Average True Range has confirmed an uptrend is present. Westpac Banking has a TR of 0.18, and an ATR(14) of 0.293.

WBC: Medium term trend has confirmed an Uptrend
Medium Trend /
WBC: Medium term trend has confirmed an Uptrend

[BULLISH]: Westpac Banking is in an uptrend in the medium term timeframe. The current rally number is 3 & the highest rally count for the LTM is 3. The highest rally for the month is 8

Momentum /
Westpac Banking currently has negative momentum of -0.33

WBC: MOM Current Signal -> (1) 12 Jan: BEARISH (2) 12 Jan: BEARISH (3) 12 Jan: BEARISH

Williams %R /
Oversold signal for the William %R is still current for Westpac Banking

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

Elder Ray Index /
Selling pressure for WBC highlights ability of sellers to drive the price downwards

[BEARISH]: Westpac BankingElder Ray Index is signalling a Bearish movementERI is -0.275 indicating bear power. Prices are being driven below the consensus of value for WBC during the last trading session [Selling Pressure]

Pivot Points /
Westpac Banking has moved above the R1 pivot point ($34.24) [Bullish]

Westpac Banking current pivot point is: 34.18. The current resistance levels are: (R1) $34.24: (R2) $34.36: (R3) $34.42: The current support levels are: (S1) $34.06: (S2) $34: (S3) $33.88

Stochastic Oversold signal is still current for Westpac Banking [Bullish]
Stochastic Oscillator /
Stochastic Oversold signal is still current for Westpac Banking [Bullish]

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

Westpac Banking has broken the first DeMark resistance point ($34.165) [Bullish]
Demarks Pivot Points /
Westpac Banking has broken the first DeMark resistance point ($34.165) [Bullish]

Westpac Banking has broken the first DeMark resistance point ($34.165) [Bullish]. Look for a long limit order entry near this point. Exit price for WBC should be set @$34.21 & Stoploss for Westpac Banking should be set at $34.03

Closing Price /
Westpac Banking: Daily performance is -0.5 % [Downtrend]

[BEARISH]: Westpac Banking current downtrend in the first timeframe. Currently, the Close is $34.12.

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