Technical analysis from Westjet Airlines (WJA.TO, TSE:WJA) on the Toronto Stock Exchange (TSX). Download the latest price data & trading signals

Westjet Airlines
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Westjet Airlines is still oversold with the Lower Envelope Band @$24.9090
Moving Average Envelope /
Westjet Airlines is still oversold with the Lower Envelope Band @$24.9090

[BULLISH]: Westjet Airlines current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 24.9090.

Opening Price /
Westjet Airlines: Daily opening performance is 0.8 % [Uptrend]

[BULLISH]: Westjet Airlines opening price has gapped up. Currently, the OPEN is $27.37 (0.8 %).

Average True Range /
WJA: Average True Range has confirmed an downtrend @0.573

[Bearish]: Average True Range has confirmed an downtrend is present. Westjet Airlines has a TR of 0.3, and an ATR(14) of 0.573.

High Price /
High for WJA has not surpassed the high of the previous trading session

[BEARISH]: Westjet Airlines current downtrend in the first timeframe. Currently, the HIGH is -0.5 %.

Hook Reversal /
A short term Hook Reversal has formed with Westjet Airlines

WJA: Bar Reversal Recent Trading -> (1) 11 Dec: Hook Reversal (2) 11 Dec: No bar reversal is present (3) 11 Dec: No bar reversal is present

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Momentum /
Westjet Airlines has initiated a positive momentum of 0.86

[BULLISH CROSSOVER]: Westjet Airlines currently has positive momentum of 0.86. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -0.8%. The largest upward momentum rally for the last 3 months is 3 days producing a return of 2.9%%.

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

[BULLISH]: Westjet Airlines current price has highlighted recent accumulation. Currently, the OBV is 3.1201e+006.

[Bullish]: TMA(5) is serving as a support line for Westjet Airlines
Triangular Moving Average /
[Bullish]: TMA(5) is serving as a support line for Westjet Airlines

[BULLISH]: Westjet Airlines 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 -0.8%.

Medium Trend /
Daily trading has confirmed Uptrend medium trend for Westjet Airlines

WJA: Medium Term Current Signal -> (1) 11 Dec: BULLISH CONFIRM (2) 11 Dec: BEARISH (3) 11 Dec: BEARISH CONFIRM

Low Price /
[Bullish]: Westjet Airlines has beaten previous low by 0.1 %

[BEARISH]: Westjet Airlines current uptrend in the first timeframe. Currently, the Low is $27.14 (0.1 %).

Volume Rate of Change /
Negative VROC confirmation for WJA is a leading indicator for continued price fall

[BEARISH CROSSOVER]: Westjet Airlines currently has negative rate of change of -61%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -0.8%.

Daily trading has confirmed an Aroon strong uptrend (80) for Westjet Airlines
Aroon Oscillator /
Daily trading has confirmed an Aroon strong uptrend (80) for Westjet Airlines

[BULLISH]: Westjet Airlines has a current ARU(25) of 96 and a current ARD(25) of 16

Ulcer Index /
Ulcer index has fallen as the price rises for Westjet Airlines

[BEARISH]: Westjet Airlines UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.04.

Simple Moving Average /
Simple Moving Average(5) signal is confirmed for Westjet Airlines indicating upward price movement is likely

[BEARISH]: Westjet Airlines 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 -0.8%.

Bullish conditions for WJA have commenced based on EFI (37547)
Elders Force Index /
Bullish conditions for WJA have commenced based on EFI (37547)

[BULLISH]: Westjet Airlines current price has highlighted recent buying pressure. Currently, the Elders Force Index is 37547.

[Long]: Limit orders for Westjet Airlines should be set at $58.53
Fibonacci Extensions /
[Long]: Limit orders for Westjet Airlines should be set at $58.53

Westjet Airlines has moved below the 161.8% level ($58.53) [Bullish]. Look for a long limit order entry near this point. Exit price for WJA should be set @$56.14 & Stoploss for Westjet Airlines should be set at $60.92

Westjet Airlines: Range ($0.3)
Price Range /
Westjet Airlines: Range ($0.3)

WJA: Price Range Current Signal -> (1) 11 Dec: BEARISH (2) 07 Dec: BULLISH (3) 06 Dec: BULLISH

MACD Volume /
WJA: Volume Moving Average Convergence Divergence [Bullish]

[BULLISH]: Westjet Airlines currently has positive Volume MACD of 15436. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Stochastic Oscillator /
Initiation of overbought signal for Westjet Airlines [Bearish Crossover]

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

Bear Harami /
Westjet Airlines: Bear Harami

[BEARISH]: Westjet Airlines has formed a new Bear Harami reversal pattern.

Camarilla Pivot Points /
Limit order for a short position has been identified for Westjet Airlines [Bearish]

Westjet Airlines has broken the first Camarilla support point ($24.948) [Bearish]. Look for a short limit order entry near this point. Exit price for WJA should be set @$22.675 & short position stoploss for Westjet Airlines should be set between $31.764 & $34.037

Relative Strength Index (73.2793) for WJA is now above the overbought limit
Relative Strength Index /
Relative Strength Index (73.2793) for WJA is now above the overbought limit

[BEARISH]: Westjet Airlines is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @73.2793

WJA: Price has moved above the WMA(5) @$27.103
Weighted Moving Average /
WJA: Price has moved above the WMA(5) @$27.103

[BULLISH]: Westjet Airlines currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -0.8%.

Woodie Pivot Point /
Woodie pivot point for WJA is bearish. Stoploss should be positioned @$27.555

Westjet Airlines has broken the first Woodie support point ($27.07) [Bearish]. Look for a short limit order entry near this point. Exit price for WJA should be set @$26.955 & short position stoploss for Westjet Airlines should be set at $27.555

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