WGX | Australian Securities Exchange

Westgold Resources
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Westgold Resources: CMF(0.01)
Chaikin Money Flow /
Westgold Resources: CMF(0.01)

[BULLISH]: Westgold Resources current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.01. Westgold Resources (ASX:WGX) received a confirmed CMF crossover days on the Jan 10 2019. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.06 occurring on the Jan 10 2019.

Westgold Resources is being actively distributed based on DVI
Daily Volume Index /
Westgold Resources is being actively distributed based on DVI

WGX: DVI Current Signal -> (1) 21 Jan: BEARISH (2) 18 Jan: BEARISH (3) 17 Jan: BEARISH

Triangular Moving Average /
[Bullish]: Trend following indicator for WGX highlights upward price direction is likely

WGX: TMA Current Signal -> (1) 21 Jan: BULLISH (2) 18 Jan: BULLISH (3) 17 Jan: BULLISH

Close Tod Vs Range Tod /
The daily battle of control for Westgold Resources was won by the sellers

[BEARISH]: Westgold Resources sellers in control. This is the first day of seller commitment for Westgold Resources adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 1 trading day with the closing price in the lower part of the range giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading day with the closing price in the lower range giving a confirmation ratio of 7.1%. Currently this quarter, closing price has spent 1 day in the lower price range compared to 2 days in the upper range giving a ratio of 0.5x.

Tricklar Trend /
Daily trading has maintained an Downtrend medium trend for Westgold Resources

[BEARISH]: Westgold Resources has a Tricklar downtrend confirmation. This was confirmed through a price breakout on the Jan 11 2019.

Range Tod Vs Range Yest /
This is the first day buyers have increased eagerness for WGX adding strength to an uptrend in the first timeframe.

WGX: Range today versus range yesterday Current Signal ->(1) 21 Jan: BULLISH (2) 18 Jan: BEARISH (3) 17 Jan: BULLISH

Trend continuation possible for WGX from reduced trading activity
Bill Williams Market Facilitation /
Trend continuation possible for WGX from reduced trading activity

Westgold Resources Currently is a confirmed Fake Day. MFI indicator is up, volume is down for WGX. Trend continuation possible for WGX from reduced trading activity.

Accumulation / Distribution /
Traders are currently accumulating WGX.AX

WGX: ADLINE Current Signal -> (1) 21 Jan: BULLISH (2) 18 Jan: BULLISH (3) 17 Jan: BULLISH

Positive ROC for Westgold Resources is a leading indicator for continued price rise
Rate of Change /
Positive ROC for Westgold Resources is a leading indicator for continued price rise

[BULLISH]: Westgold Resources currently has positive rate of change of 5.114%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Recent trading highlights continued buying pressure is present for WGX
Elders Force Index /
Recent trading highlights continued buying pressure is present for WGX

[BULLISH]: Westgold Resources current price has highlighted recent buying pressure. Currently, the Elders Force Index is 6585.

Supertrend /
Westgold Resources has signalled an Supertrend present [Downtrend]

[BEARISH]: Westgold Resources has a current Supertrend of 0.9955

Sine Weighted Moving Average /
[Bullish]: SWMA(15) is serving as a support line for Westgold Resources

[BULLISH]: Westgold Resources currently has a confirmed uptrend. Recent trading has caused the SWMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is -1.1%.

Short Trend /
Westgold Resources: Daily Uptrend remains intact

[BULLISH]: Westgold Resources is in an uptrend in the short term timeframe. The current rally number is 2 & the highest rally count for the LTM is 4

Ease of Movement for Westgold Resourcesis 0.055 [Difficult to Move]
Ease of Movement /
Ease of Movement for Westgold Resourcesis 0.055 [Difficult to Move]

WGX: EOM Recent Trading -> (1) 21 Jan: 0.055 (2) 18 Jan: 0.13 (3) 17 Jan: -0.036

Negative VROC: Price is lower for Westgold Resources than 14 days ago
Volume Rate of Change /
Negative VROC: Price is lower for Westgold Resources than 14 days ago

[BEARISH]: Westgold Resources currently has negative rate of change of -6%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -1.1%.

Open Tod Vs Close Tod /
Westgold Resources opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 28.6%. This suggests the sellers were in control all day.

[BEARISH STRONG]: Westgold Resources opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 28.6%. This suggests the sellers were in control all day. Over the last 12 months there has been 1 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 7.1%.

Percentage Volume /
Westgold Resources: Percentage Volume Oscillator (-21.81)

[BEARISH]: Westgold Resources currently has negative PVO -21.81%. The recent volume is losing momentum through a fall on the short term exponential moving average.

Elder Ray Index /
Westgold Resources: Elder Ray Index is 0.036 [Bullish]

[BULLISH]: Westgold Resources Elder Ray Index is signalling a Bullish movementERI is 0.036 indicating bull power. Prices are being driven above the consensus of value for WGX during the last trading session [Buying Pressure]

Price continues to trade above the Simple Moving Average(15) for WGX
Simple Moving Average /
Price continues to trade above the Simple Moving Average(15) for WGX

[BULLISH]: Westgold Resources currently has a confirmed uptrend. Recent trading has caused the SMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is -1.1%.

Price percentage oscillator has negative momentum signalling a continuation of the downward price fall for WGX
Percentage Price /
Price percentage oscillator has negative momentum signalling a continuation of the downward price fall for WGX

[BEARISH]: Westgold Resources currently has negative PPO -0.855%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Westgold Resources: Current trading activity OBV signals distribution is present
On Balance Volume /
Westgold Resources: Current trading activity OBV signals distribution is present

[BEARISH]: Westgold Resources current price has highlighted recent distribution. Currently, the OBV is -47586.3.

Coles Reaction Day /
Daily trading produced a rally day for Westgold Resources

Westgold Resources: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for WGX

Demarks Pivot Points /
Westgold Resources has moved below the S1 DeMark pivot point ($0.9263) [Bearish]

Westgold Resources has broken the first DeMark support point ($0.9263) [Bearish]. Look for a short limit order entry near this point. Exit price for WGX should be set @$0.9030 & short position stoploss for Westgold Resources should be set at $0.938

Fibonacci Retracements /
Westgold Resources: 0.618 Fibonacci Retraction (0.9)

Westgold Resources: The current Fibonacci Retraction levels are: (23.61%) $0.84: (38.2%) $0.86: (50%) $0.88: (61.8%) $0.9The current support levels are: (78.6%) $0.93: (100%) $0.96: (138.2%) $1.02: (161.8%) $1.06: (261.8%) $1.22: (423.61%) $1.48

Close Reversal /
A short term Close Reversal has formed with Westgold Resources

WGX: Bar Reversal Current Signal -> (1) 21 Jan: BEARISH (2) 18 Jan: BULLISH (3) 17 Jan: NEUTRAL

Exponential Moving Average(15) signal continues for Westgold Resources indicating upward price movement is likely
Exponential Moving Average /
Exponential Moving Average(15) signal continues for Westgold Resources indicating upward price movement is likely

[BULLISH]: Westgold Resources currently has a confirmed uptrend. Recent trading has caused the EMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is -1.1%.

Fibonacci Extensions /
Long positions for Westgold Resources should be set between $21.46 & $24.43

Westgold Resources: The current Fibonacci Extension levels are: (23.61%) $0.84: (38.2%) $0.86: (50%) $0.88: (61.8%) $0.9The current support levels are: (78.6%) $0.93: (100%) $0.96: (138.2%) $1.02: (161.8%) $1.06: (261.8%) $1.22: (423.61%) $1.48

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