WGX | Australian Stock Exchange

Westgold Resources
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Westgold Resources: 2nd timeframe trend Uptrend remains intact
Medium Trend /
Westgold Resources: 2nd timeframe trend Uptrend remains intact

[BULLISH]: Westgold Resources has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Jul 18 2018.

Weaker volume performance from WGX has seen a lower volume of -37.2 [Downtrend]
Volume /
Weaker volume performance from WGX has seen a lower volume of -37.2 [Downtrend]

[BEARISH]: Westgold Resources current volume downtrend in the first timeframe. Volume for WGX is 306679 (-37.2).

Stochastic Oscillator /
Stochastic oversold signal has just been neutralized for Westgold Resources

WGX: Stochastic Oscillator Signal -> (1) 19 Jul: BULLISH CROSSUNDER (2) 18 Jul: BULLISH (3) 17 Jul: BULLISH

Short Trend /
[Uptrend]: A higher high has been achieved for Westgold Resources

[BULLISH]: Westgold Resources is in an uptrend in the short term timeframe. The current rally number is 1 & the highest rally count for the LTM is 4

Demarks Pivot Points /
Stoploss for Westgold Resources should be set between $1.698

Westgold Resources has broken the first DeMark support point ($1.7238) [Bearish]. Look for a short limit order entry near this point. Exit price for WGX should be set @$1.6980 & short position stoploss for Westgold Resources should be set at $1.783

Average Directional Movement /
Westgold Resources has signalled an Average Directional Index weak trend present

WGX: Average Directional Index Recent Trading -> (1) 19 Jul: 20.56 (2) 18 Jul: 21.44 (3) 17 Jul: 20.85

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Fibonacci Extensions /
Westgold Resources: Look for a long limit order entry @$2.04

Westgold Resources: The current Fibonacci Extension levels are: (23.61%) $1.7: (38.2%) $1.73: (50%) $1.76: (61.8%) $1.78The current support levels are: (78.6%) $1.81: (100%) $1.86: (138.2%) $1.93: (161.8%) $1.98: (261.8%) $2.18: (423.61%) $2.5

Westgold Resources: Buyers are now becoming increasingly eager.
Range Tod Vs Range Yest /
Westgold Resources: Buyers are now becoming increasingly eager.

[BULLISH]: Westgold Resources buyers are increasingly eager. This is the first day buyers have increased eagerness for WGX adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.1900. & the greatest daily price range this year has been $0.4400. The price range ratio this week versus the quarterly price range is 0.5x & the price range ratio this month versus the year to date price range is 0.4x.

WGX: Over the last 12 months there has been 49 trading days with the opening price in the lower shadow & the closing the price in the upper shadow
Open Tod Vs Close Tod /
WGX: Over the last 12 months there has been 49 trading days with the opening price in the lower shadow & the closing the price in the upper shadow

[BULLISH STRONG]: Westgold Resources opened in the lower part of daily range at 29.4% & closed in the upper part of the trading range at 76.5%. This suggests the buyers were in control all day. Over the last 12 months there has been 49 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 18.6%. Over the last month there has been 4 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 28.6%.

On Balance Volume /
Westgold Resources is being actively accumulated based on OBV

[BULLISH]: Westgold Resources current price has highlighted recent accumulation. Currently, the OBV is 4.63672e+006.

White Candle /
WGX Basic Candle: White

[BULLISH]: Westgold Resources has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Moving Average Envelope /
Closing price for WGX is still below the lower envelope signalling a bullish movement

[BULLISH]: Westgold Resources current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 1.653.

Westgold Resources: MACD oscillator (-0.0158)
MACD /
Westgold Resources: MACD oscillator (-0.0158)

[BEARISH]: Westgold Resources currently has negative MACD of -0.0158. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -3.5%.

Stoploss for Westgold Resources should be set between $1.6300 & $1.595
Pivot Points /
Stoploss for Westgold Resources should be set between $1.6300 & $1.595

Westgold Resources current pivot point is: 1.715. The current resistance levels are: (R1) $1.765: (R2) $1.8: (R3) $1.85: The current support levels are: (S1) $1.68: (S2) $1.63: (S3) $1.595

Chaikin Money Flow /
CMF has positive divergence between price and volume

[BULLISH]: Westgold Resources current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.24. WGX received a confirmed CMF crossover days on the Apr 27 2018. The bullish signal has been active for 2 days. During the quarter, the highest CMF value was 0.26 occurring on the Apr 27 2018.

Williams %R /
Westgold Resources is no longer oversold [Neutral]

WGX: William %R Current Signal -> (1) 19 Jul: BEARISH CROSSUNDER (2) 18 Jul: BULLISH (3) 17 Jul: BULLISH

Sine Weighted Moving Average /
Price is now trading above the Sine Weighted Moving Average(5) for WGX

[BULLISH]: Westgold Resources currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 2.4%.

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

WGX: SMA(5) Current Signal -> (1) 19 Jul: BULLISH CROSSOVER (2) 18 Jul: BEARISH (3) 17 Jul: BEARISH

The EMA trend following signal is now active for Westgold Resources [Bullish]
Exponential Moving Average /
The EMA trend following signal is now active for Westgold Resources [Bullish]

[BULLISH]: Westgold Resources currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 2.4%.

Westgold Resources: Momentum(5)
Momentum /
Westgold Resources: Momentum(5)

[BEARISH]: Westgold Resources currently has negative momentum of -0.02 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 2.4%.The largest downward momentum rally for the last 3 months is 5 days producing a return of -2.9%.

Close Tod Vs Close Yest /
Buyers continue to be keener than sellers for Westgold Resources & are driving the price up.

[BULLISH]: Westgold Resourcesbuyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for WGX adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 3.7 & the greatest daily positive change this year has been 7.4. The longest consecutive upswing rally over the last 12 months has been 5 days giving a total rally upward movement of 17.6%. This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 3.7%. The win ratio for price rise in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 0.9x. Over the last month the average daily upward movement has been 2.300000%

Weighted Moving Average /
Westgold Resources is in a short term uptrend with the support price @$1.707

WGX: WMA Current Signal -> (1) 19 Jul: BULLISH CROSSOVER (2) 18 Jul: BEARISH (3) 17 Jul: BEARISH

Woodie Pivot Point /
Limit order for a long position has been identified for Westgold Resources [Bullish]

Westgold Resources has broken the first Woodie resistance point ($1.773) [Bullish]. Look for a long limit order entry near this point. Exit price for WGX should be set @$1.804 & Stoploss for Westgold Resources should be set at $1.634

Average True Range /
Recent trading indicates ATR upward trend direction likely for WGX [Uptrend]

[Bullish]: Average True Range has confirmed an uptrend is present. Westgold Resources has a TR of 0.085, and an ATR(14) of 0.058.

Negative momentum on volume for WGX is maintained & supports a bearish move is likely
Percentage Volume /
Negative momentum on volume for WGX is maintained & supports a bearish move is likely

[BEARISH]: Westgold Resources currently has negative PVO -18.04%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -2.9%.

Westgold Resources: Two White Soldiers
Two White Soldiers /
Westgold Resources: Two White Soldiers

[BULLISH]: Westgold Resources has formed a new Two White Soldiers pattern.

Triangular Moving Average /
Price is now trading above the Triangular Moving Average(5) for WGX

[BULLISH]: Westgold Resources 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 2.4%.

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