WGX | Australian Securities Exchange

Westgold Resources
+ Share

WGX: Moving Average Convergence Divergence [Bullish]
MACD /
WGX: Moving Average Convergence Divergence [Bullish]

[BULLISH]: Westgold Resources currently has positive MACD of 0.0096. This means the signal line is greater than the MACD line signalling a bullish movement.

Distribution still active for Westgold Resources
Accumulation / Distribution /
Distribution still active for Westgold Resources

[BEARISH]: Westgold Resources (ASX:WGX) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -97653.4.

Ease of Movement /
Price was difficult to move upward in recent trading on high volume causing an uptrend in price for WGX

WGX: EOM Current Signal -> (1) 16 Nov: BULLISH HARD (2) 15 Nov: BULLISH HARD (3) 14 Nov: BULLISH HARD

Sine Weighted Moving Average /
Westgold Resources: Sine Weighted Moving Average(15) (1.103)

[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 -1.8%.

Percentage Price /
PPO continues to signal a continuation of downward price fall for Westgold Resources

[BEARISH]: Westgold Resources currently has negative PPO -1.539%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Momentum /
Negative momentum: Price is now trading lower for Westgold Resources than 14 days ago

[BEARISH CROSSOVER]: Westgold Resources currently has negative momentum of -0.02 This means the current price is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -1.8%.The largest downward momentum rally for the last 3 months is 2 days producing a return of 0%.

Westgold Resources: ARO(-36) has signalled a downtrend is current
Aroon Oscillator /
Westgold Resources: ARO(-36) has signalled a downtrend is current

[BEARISH]: Westgold Resources has a current ARO(25) of -36. This has change 4 points from yesterday.

Demarks Pivot Points /
[Short]: Exit price for WGX should be set @$1.083

Westgold Resources has broken the first DeMark support point ($1.1163) [Bearish]. Look for a short limit order entry near this point. Exit price for WGX should be set @$1.0830 & short position stoploss for Westgold Resources should be set at $1.133

The simple moving average and past price for WGX has confirmed a bearish crossover
Detrended Price Oscillator /
The simple moving average and past price for WGX has confirmed a bearish crossover

[BEARISH]: Westgold Resources currently has a confirmed downtrend. Price is currently below the displaced moving average for WGX. Currently, the return on DPO20 is -1.8%.

Ulcer index has increased in stress level for WGX & high drawdown is expected
Ulcer Index /
Ulcer index has increased in stress level for WGX & high drawdown is expected

[BULLISH]: Westgold Resources UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 5.356.

Exponential Moving Average /
Westgold Resources is in a short term uptrend with the closing price @$1.115

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

Volume Rate of Change /
Negative VROC for Westgold Resources is a leading indicator for continued price fall

WGX: VROC Current Signal -> (1) 16 Nov: BEARISH (2) 15 Nov: BEARISH (3) 14 Nov: BEARISH

Bear Belt-Hold /
Westgold Resources: Bear Belt-Hold

WGX: Reversal (Weak) Candlestick Current Signal -> (1) 16 Nov: BEARISH (2) 15 Nov: NEUTRAL (3) 14 Nov: BULLISH

Limit order for a short position has been identified for Westgold Resources [Bearish]
Camarilla Pivot Points /
Limit order for a short position has been identified for Westgold Resources [Bearish]

Westgold Resources has broken the first Camarilla support point ($0.928) [Bearish]. Look for a short limit order entry near this point. Exit price for WGX should be set @$0.928 & short position stoploss for Westgold Resources should be set between $1.302 & $1.396

Westgold Resources: Price currently within Bollinger bands
Bollinger Bands /
Westgold Resources: Price currently within Bollinger bands

[BULLISH]: Westgold Resources is currently Oversold highlighting the potential for a short term trend reversal in the upward direction. The current level is 63.3% with a current width of 16.37.

Percentage Volume /
Percentage volume oscillator remains negative for WGX

[BEARISH]: Westgold Resources currently has negative PVO -14.1%. The recent volume is losing momentum through a fall on the short term exponential moving average.

Simple Moving Average /
The SMA trend following signal is still current for Westgold Resources [Bullish]

[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 -1.8%.

Chaikin Money Flow /
Negative divergence for Westgold Resources @ -0.22

[BEARISH]: Westgold Resources current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.22. Westgold Resources (ASX:WGX) received a confirmed CMF crossover days on the Aug 3 2018. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.54 occurring on the Aug 3 2018.

WGX Basic Candle: Black
Black Candle /
WGX Basic Candle: Black

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

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

WGX: Elders Force Index Recent Trading -> (1) 16 Nov: -2796 (2) 15 Nov: -1050 (3) 14 Nov: 2743

14-day rate of change is now decreasing for Westgold Resources
Rate of Change /
14-day rate of change is now decreasing for Westgold Resources

[BEARISH CROSSOVER]: Westgold Resources currently has negative rate of change of -1.762%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Supertrend /
Westgold Resources: Supertrend (1.173) has confirmed a downtrend is present

[BEARISH]: Westgold Resources has a current Supertrend of 1.173. This has change 0 points from yesterday.

Close Tod Vs Close Yest /
Sellers are now keener than buyers for Westgold Resources & are driving the price down.

WGX: Recent performance signals ->(1) 16 Nov: NEUTRAL (2) 15 Nov: BULLISH (3) 14 Nov: BULLISH

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

WGX: Tricklar Trend Current Signal -> (1) 16 Nov: BEARISH (2) 15 Nov: BEARISH (3) 14 Nov: BEARISH

Close Tod Vs Range Tod /
Currently this quarter, closing price for WGX has spent 5 days in the lower price range

[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 5 trading days with the closing price in the lower 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 lower range giving a confirmation ratio of 41.7%. Currently this quarter, closing price has spent 5 days in the lower price range compared to 3 days in the upper range giving a ratio of 1.7x.

Westgold Resources: Current trading activity signals DVI distribution is present
Daily Volume Index /
Westgold Resources: Current trading activity signals DVI distribution is present

WGX: DVI Current Signal -> (1) 16 Nov: BEARISH (2) 15 Nov: BEARISH (3) 14 Nov: BEARISH

[Short]: Limit orders for Westgold Resources should be set at $1.07
Woodie Pivot Point /
[Short]: Limit orders for Westgold Resources should be set at $1.07

Westgold Resources has broken the first Woodie support point ($1.07) [Bearish]. Look for a short limit order entry near this point. Exit price for WGX should be set @$1.07 & short position stoploss for Westgold Resources should be set at $1.17

Pivot Points /
Westgold Resources: Look for a short limit order entry @$1.072

Westgold Resources has broken the first support point ($1.072) [Bearish]. Look for a short limit order entry near this point. Exit price for WGX should be set @$1.072 & short position stoploss for Westgold Resources should be set between $1.172 & $1.194

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