WES | Australian Securities Exchange

Wesfarmers
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Wesfarmers: Camarilla Pivot ($44.723)
Camarilla Pivot Points /
Wesfarmers: Camarilla Pivot ($44.723)

Wesfarmers current pivot point Camarilla is: $44.723. The current resistance levels are: (R1) $48.117: (R2) $51.844: (R3) $55.571: (R4) $66.752The current support levels are: (S1) $40.663: (S2) $36.936: (S3) $33.209: (S4) $22.029

WES: Over the last 12 months there has been 2 trading  days with the closing price in the lower part of the range giving a confirmation ratio of 0.8%.
Close Tod Vs Range Tod /
WES: Over the last 12 months there has been 2 trading days with the closing price in the lower part of the range giving a confirmation ratio of 0.8%.

WES: Close versus price range Current Signal ->(1) 16 Nov: BEARISH (2) 15 Nov: NEUTRAL (3) 14 Nov: BEARISH

Fibonacci Extensions /
Wesfarmers: 1.618 Fibonacci Extension ($50.33)

Wesfarmers: The current Fibonacci Extension levels are: (23.61%) $45.23: (38.2%) $45.77: (50%) $46.21: (61.8%) $46.64The current support levels are: (78.6%) $47.26: (100%) $48.05: (138.2%) $49.46: (161.8%) $50.33: (261.8%) $54.02: (423.61%) $59.99

Detrended Price Oscillator /
Bearish trading conditions for Wesfarmers has been signalled from the DPO (-2.924)

[BEARISH]: Wesfarmers currently has a confirmed downtrend. Price is currently below the displaced moving average for WES. Currently, the return on DPO20 is -2.2%.

Bollinger Bands /
Closing price for WES is still above the upper Bollinger Band signalling a bearish movement

[BEARISH]: Wesfarmers is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. The current level is -6.14% with a current width of 7.88.

MACD Volume /
Wesfarmers: Volume MACD oscillator (33523)

[BULLISH]: Wesfarmers currently has positive Volume MACD of 33523. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

[Downtrend]: A lower low has been achieved again for last trading day for WES
Short Trend /
[Downtrend]: A lower low has been achieved again for last trading day for WES

[BEARISH]: Wesfarmers is in a downtrend in the short term timeframe. The current rally number is 3 & the highest rally count for the LTM is 6

Pivot Points /
Wesfarmers: Pivot Point ($44.723)

Wesfarmers current pivot point is: 44.723. The current resistance levels are: (R2) $45.783: (R2) $45.783: (R3) $46.146: The current support levels are: (S1) $44.026: (S2) $43.663: (S3) $42.966

Wesfarmers has maintained the Tricklar Uptrend
Tricklar Trend /
Wesfarmers has maintained the Tricklar Uptrend

[BULLISH]: Wesfarmers is in an uptrend based on the Tricklar trend. The current rally number is 4 & the highest rally count for the LTM is 92. The highest rally for the month is 12

Wesfarmers is now oversold with the Lower Envelope Band @$44.5455
Moving Average Envelope /
Wesfarmers is now oversold with the Lower Envelope Band @$44.5455

[BEARISH CROSSOVER]: Wesfarmers current price has driven Envelope Bands to become oversold signalling the continuation of short trading conditions. Currently, the Lower Band is 44.5455.

Black Candle /
WES Basic Candle: Black

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

Momentum /
14-day momentum is decreasing for Wesfarmers

[BEARISH]: Wesfarmers currently has negative momentum of -1.56 This means the current price is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -2.2%.The largest downward momentum rally for the last 3 months is 2 days producing a return of -2.2%.

Demarks Pivot Points /
Wesfarmers: Look for a short limit order entry @$44.6325

Wesfarmers has broken the first DeMark support point ($44.6325) [Bearish]. Look for a short limit order entry near this point. Exit price for WES should be set @$43.8450 & short position stoploss for Wesfarmers should be set at $44.905

Bear power has increased for Wesfarmers signalling bearish conditions are likely
Elder Ray Index /
Bear power has increased for Wesfarmers signalling bearish conditions are likely

WES: Elder Ray Index Current Signal -> (1) 16 Nov: BEARISH (2) 15 Nov: BEARISH (3) 14 Nov: BULLISH

Positive VROC: Volume is now higher for Wesfarmers than 14 days ago
Volume Rate of Change /
Positive VROC: Volume is now higher for Wesfarmers than 14 days ago

[BULLISH CROSSOVER]: Wesfarmers currently has positive volume of change of 21%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -2.2%.

Ease of Movement /
Wesfarmers was easily moved downward on low volume in recent trading [Bearish]

[BEARISH]: Wesfarmers current price have moved downwards on low volume. Currently, the Ease of Movement is -38.157

Exponential Moving Average /
Exponential Moving Average(15) signal continues for Wesfarmers indicating downward price movement is likely

WES: EMA(15) Current Signal -> (1) 16 Nov: BEARISH (2) 15 Nov: BEARISH (3) 14 Nov: BEARISH CROSSOVER

Simple Moving Average /
Wesfarmers is in a short term downtrend with the closing price @$44.39

[BEARISH]: Wesfarmers currently has a confirmed downtrend. Recent trading has caused the SMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is -2.2%.

Wesfarmers: Direction, extent & volume have decreased in recent trading [Selling Pressure]
Elders Force Index /
Wesfarmers: Direction, extent & volume have decreased in recent trading [Selling Pressure]

[BEARISH]: Wesfarmers current price has highlighted recent selling pressure. Currently, the Elders Force Index is -482428.

Wesfarmers: 0.618 Fibonacci Fan ($46.64)
Fibonacci Fans /
Wesfarmers: 0.618 Fibonacci Fan ($46.64)

Wesfarmers: The current Fibonacci Fan levels are: (23.61%) $45.23: (38.2%) $45.77: (50%) $46.21: (61.8%) $46.64The current support levels are: (78.6%) $47.26: (100%) $48.05: (138.2%) $49.46: (161.8%) $50.33: (261.8%) $54.02: (423.61%) $59.99

[Bearish crossover]: Wesfarmers current price has driven Stochastic signal to become overbought
Stochastic Oscillator /
[Bearish crossover]: Wesfarmers current price has driven Stochastic signal to become overbought

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

On Balance Volume /
Traders are currently Distributing Wesfarmers

WES: OBV Current Signal ->(1) 16 Nov: BEARISH (2) 15 Nov: BEARISH (3) 14 Nov: BEARISH CROSSOVER

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

[BEARISH]: Wesfarmers currently has negative PPO -1.29%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Chaikin Money Flow /
Wesfarmers: CMF(0.02)

[BULLISH]: Wesfarmers current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.02. Wesfarmers (ASX:WES) received a confirmed CMF crossover days on the Nov 8 2018. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.09 occurring on the Nov 8 2018.

Ulcer Index /
Ulcer index has reduced in stress level for Wesfarmers & low drawdown is expected

[BEARISH]: Wesfarmers UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 3.319.

The CCI indicator for Wesfarmers is still below the oversold limit
Commodity Channel Index /
The CCI indicator for Wesfarmers is still below the oversold limit

WES: CCI Current Signal ->(1) 16 Nov: BULLISH (2) 15 Nov: BULLISH CROSSOVER (3) 14 Nov: NEUTRAL

Price continues to trade below the Triangular Moving Average(15) for WES
Triangular Moving Average /
Price continues to trade below the Triangular Moving Average(15) for WES

[BEARISH]: Wesfarmers currently has a confirmed downtrend. Recent trading has caused the TMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is -2.2%.

MACD /
MACD for Wesfarmers is now losing momentum @-0.0628

[BEARISH CROSSOVER]: Wesfarmers currently has negative MACD of -0.0628. This means the signal line is less than the MACD line signalling a bearish movement.

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