WESTPAC BANKING CORP-SP ADR (WBK) Technical Analysis
NYSE:WBK
Current stock price
WBK Technical Rating and Analysis
Taking everything into account, WBK scores 0 out of 10 in our technical rating. WBK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, WBK is a bad performer in the overall market: 75% of all stocks are doing better.
- WBK is one of the lesser performing stocks in the Banks industry. 88% of 376 stocks in the same industry do better.
- WBK is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month WBK has a been trading in the 13.91 - 15.93 range, which is quite wide. It is currently trading near the lows of this range.
- Volume is considerably higher in the last couple of days.
WBK Weekly and Daily overview Charts
WBK Setup Rating and Analysis
The technical rating of WBK is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
WBK Support and Resistance Analysis
14.05
When analyzing the support we notice one important area.
- A support zone ranging from 14.19 to 14.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 14.77 to 14.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 15.57 to 15.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @18.79 from a trend line in the weekly time frame.
- A resistance zone ranging from 19.27 to 19.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
WBK Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for WBK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WBK is down. |
| ChartMill Relative Strength | 25.13 | NEGATIVE | WBK has a low relative strength, it was outperformed by 74.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WBK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WBK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WBK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 27.44 | OVERSOLD | The low RSI value suggests WBK may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests WBK has a negative trend. |
| Stochastics (14,3) | 12.02 | OVERSOLD | The low Stochastics value suggests WBK may be oversold. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for WBK suggests some volalility. |
WBK Chart- and CandleStick Pattern Analysis
WBK Technicals: Chart, Performance Metrics, Trend & Indicators
14.2
-0.14 (-0.98%)
WESTPAC BANKING CORP-SP ADR / WBK TA FAQ
Can you provide the ChartMill technical rating for WESTPAC BANKING CORP-SP ADR?
ChartMill assigns a technical rating of 0 / 10 to WBK.
What is the current trend direction of WESTPAC BANKING CORP-SP ADR (WBK) stock?
The current trend direction for WESTPAC BANKING CORP-SP ADR (WBK) is Bearish.
What is the RSI signal for WESTPAC BANKING CORP-SP ADR (WBK) stock?
WESTPAC BANKING CORP-SP ADR (WBK) has an RSI value of 27.4363. This indicates that the stock is currently oversold.
What is the short term momentum for WESTPAC BANKING CORP-SP ADR (WBK) stock?
The short term momentum for WESTPAC BANKING CORP-SP ADR (WBK) is negative.
Can you provide the support and resistance levels for WESTPAC BANKING CORP-SP ADR?
WESTPAC BANKING CORP-SP ADR (WBK) has a support level at 14.19 and a resistance level at 14.77. Check the full technical report for our detailed analysis of WBK support and resistance levels.