Tracking the indicators for Westpac Banking Corp (WBK), we see that the 14-day Stochastic RSI indicator shows signs of a possible bearish divergence. By tracking this signal, traders may pay attention to emerging trends that will emerge.
Investors might try to find out how long the bullish market will continue. There are many commentators who think that the decline will come soon, but there are many who believe that the market still has plenty of room to push higher. Preparing a portfolio for each market scenario can help ease the mind of investors. Putting time to research investment and global economic data can help keep focus clear when things get bleak. Closing at the end of the year, investors may conduct a year-end portfolio review. Finding out what works and what adjustments can be made can help eliminate the wrinkles that lead to the next few quarters.
Investors have the ability to use technical indicators when completing stock research. At the time of writing, Westpac Banking Corp. (WBK) has a 14-day Commodity Channel Index (CCI) of -103.38. Developed by Donald Lambert, CCI is a versatile tool that can be used to help see trends that appear or give warnings of extreme conditions.
Moving average indicators are widely used for stock analysis. Many traders will use a combination of moving averages with different time frames to help review the direction of stock trends. One of the more popular combinations is to use a moving average of 50 days and 200 days. Investors can use a 200-day MA to help smooth out data to get a clearer long-term picture. They may look to 50-days or 20-days to get a better understanding of what is happening with stocks in the near future. At present, the 200 day moving average is 21.38 and 50 days is 19.31.
Technical traders have a large inventory of technical indicators that they can use when conducting technical stock analysis. After seeing recently, the 14-day ATR for Westpac Banking Corp (WBK) is resting at 0.36. First developed by J. Welles Wilder, ATR can help traders determine whether there is increased interest in a trend, or if extreme levels might show reversals. Simply put, ATR determines security volatility over a period of time, or a security tendency to move in one direction or another.
Currently, ADX 14 days for Westpac Banking Corp (WBK) is sitting at 20.56. In general, the ADX value from 0-25 will indicate a trend that does not exist or is weak. A value of 25-50 will support a strong trend. A value of 50-75 will identify a very strong trend, and a value of 75-100 will lead to a very strong trend. ADX is used to measure trend strength but not trend direction. Traders often add Directional Plus (+ DI) and Directional Minus Indicators (-DI) to identify trend directions.
Some investors might find Williams Percent Range or Williams% R as a useful technical indicator. At present, Westpac Banking Corp. (WBK) 'Williams Percent Range' or 14 days Williams% R is resting at -78.61. Values can range from 0 to -100. Readings between -80 and -100 can be seen as strong oversold areas. Values between 0 and -20 will represent strong overbought conditions. As a momentum indicator, Williams R% can be used with other techniques to help determine certain trends.
Traders may scan through guidelines when trying to come up with some new ideas. Technical analysts might prepare a chart to help find the next big trade. Because there are so many different perspectives when approaching the stock market, traders may want to start with a simpler system before diving into deeper waters. Finding out the right approach can require additional time and dedication.