Westpac Banking Corporation (WBC)

Download button icon Download

Westpac Banking Corporation (WBC): Signals

No data currently available.

data-ad-format="auto">

Explore Compare Share

TECHNICAL ANALYSIS SUMMARY

Westpac Banking Corporation (WBC.AX)


Indicator:

ACCUMULATION


Last Signal:

BEARISH


Trading: SELL @ $26.51
Signal Strength: MEDIUM
Recommendation:

Westpac Banking Corporation (ASX:WBC) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -1.17364e+006. day. During the quarter, the lowest ADLINE value was -2.42814e+006.


Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading exit. Indicator can be applied to the short/medium term timeframe, but the best results are obtained with larger cyclical swings in-line with the trend direction. This accumulation / distribution oscillator can provide guidance on the money flow direction from the companies recent trading.


Accumulation/distribution (ADLINE) is a momentum indicator that attempts to gauge supply and demand by determining whether investors are generally accumulating or buying or distributing or selling a certain stock by identifying divergences between stock price and volume flow. The accumulation/distribution is calculated by first calculating the money flow multiplier then multiplying the money flow multiplier by the period’s volume.

Calculation: Accumulation Distribution Line:
1) Money Flow Multiplier = [(close - low) - (high - close)] / (high - low);
2) Money Flow Volume = Money Flow Multiplier x volume for the period;
3) Accumulation/Distribution= previous Accumulation/Distribution + current periods Money Flow Volume.


PROFILE: Westpac Banking Corporation (WBC.AX)


Stock Exchange: ASX
Company: Westpac Banking Corporation
Ticker Codes: | WBC.AX | ASX:WBC |

About Westpac Banking Corporation (ASX:WBC):

Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, Asia, the Pacific region, and internationally. It operates through five divisions: Consumer Bank, Business Bank, BT Financial Group, Westpac Institutional Bank, and Westpac New Zealand. It offers everyday banking, savings, term deposit, moving to Australia, under 21 and student, business, community solutions one, not-for-profit savings, and foreign currency accounts; term, tailor-made, and farm management deposits; debit, credit, and travel money cards; home, personal, investment, small business, and commercial loans; and equipment, automotive, cash flow, property, and insurance premium financing services. It also provides home and content, landlord, car, travel, boat, caravan and trailer, life, credit card and loan repayment, income protection, business, farm pack, person income, and business overheads insurance products; superannuation and retirement products; investment portfolios; installment warrants; and trading, financial advisory, wealth, foreign currency exchange, international payment, cash flow management, international trade, and import and export services. In addition, it offers industry specific banking and treasury services; other services, such as emergency cash, online and telephone banking, ATMs, unclaimed money, travel center, margin lending, and banking services to migrants moving to Australia; and mobile wallets. Further, it provides capital advisory and fund management, transactional and private banking, and financial market services; and corporate and structured finance, as well as trade and supply chain finance. It serves individuals; micro, small, and medium enterprises; and commercial, corporate, institutional, and government customers. The company was formerly known as Bank of New South Wales and changed its name to Westpac Banking Corporation in October 1982. The company was founded in 1817 and is headquartered in Sydney, Australia.

Top 10:

Accumulation Distribution

Download button icon Download
Company Close Change (%) Volume Value Signal
ZIM Zimbabwe Platinum Mines 8.5 15.6 3,496 -328.2 BEARISH
SMX Sms Management & Technology 0.61 11.9 462,038 -157,582.7 BEARISH
PGC Paragon Care 0.48 9.2 563,206 -49,752.7 BEARISH
ONE Oneview Healthcare 0.4 8.1 24,577 -1,336 BEARISH
EMH European Metals Holdings 0.3 7.1 10,000 -6,603.5 BEARISH
MLX Metals X 0.23 7.1 6,862,209 -3,825,312.8 BEARISH
PGH Pact 2.72 6.3 2,710,679 -632,844.2 BEARISH
SYR Syrah Resources 1.05 6.1 5,208,632 -398,390.2 BEARISH
AJX Alexium International 0.12 4.3 5,479 -72,327 BEARISH
ELD ELD 5.79 4.1 546,760 -170,855 BEARISH
back to top