Wesfarmers

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Buyers are now keener than sellers for Wesfarmers & are driving the price up.

Buyers are now keener than sellers for Wesfarmers & are driving the price up.

[BULLISH]: Wesfarmersbuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for WES adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 2.0 & the greatest daily positive change this year has been 125.4. The longest consecutive upswing rally over the last 12 months has been 8 days giving a total rally upward movement of 126.7%. This quarter, the largest upswing rally has been 5 days giving a total rally upward movement of 126.7%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1.7x. Over the last month the average daily upward movement has been 0.700000%

WES: Over the last 12 months there has been 2 trading days with the opening price in the middle shadow & the closing the price in the upper shadow

WES: Over the last 12 months there has been 2 trading days with the opening price in the middle shadow & the closing the price in the upper shadow

[BULLISH]: Wesfarmers opened in the middle part of daily range at 40.8% & closed in the upper part of the trading range at 75.5%. This suggests the buyers have taken control. Over the last 12 months there has been 2 trading days with the opening price in the middle shadow & the closing the price in the upper shadow giving a confirmation ratio of 0.8%. 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 12.5%.

Chaikin Oscillator is showing buying pressure for WES.AX

[BULLISH]: Wesfarmers current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.21. Wesfarmers (ASX:WES) received a confirmed CMF crossover days on the May 2 2019. The bullish signal has been active for 2 days. During the quarter, the highest CMF value was 0.21 occurring on the May 2 2019.

Wesfarmers: Pivot Point ($37.037)

Wesfarmers current pivot point is: 37.037. The current resistance levels are: (R2) $37.527: (R2) $37.527: (R3) $37.814: The current support levels are: (S1) $36.834: (S2) $36.547: (S3) $36.344

Trading for Wesfarmers highlights the commitment of buyers to carry positions overnight.

Trading for Wesfarmers highlights the commitment of buyers to carry positions overnight.

[BULLISH]: Wesfarmers buyers are in control at the market close. There has been 2 consecutive days of prices closing in the upper part of the trading range for Wesfarmers adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 5 trading days with the closing price in the upper part of the range giving a confirmation ratio of 1.9%. Over the last month there has been 5 trading days with the closing price in the upper range giving a confirmation ratio of 31.3%. Currently this quarter, closing price has spent 5 days in the upper price range compared to 2 days in the lower range giving a ratio of 2.5x.

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