APRIL SALE: Save over 60% on our Pro Plans!

WFD.AX fails to close above 100-day moving average

Technical Analysis Report for WFD.AX - Apr 17, 2018 [1 min read]
WFD.AX finds buyers at key support level
WFD.AX fails to close above 100-day moving average
WFD.AX runs into sellers again around 8.74
WFD.AX closes within previous day's range after lackluster session
WFD.AX ends the day indecisive
TQ Sentiment
Technical Forecast:

WFD.AX ended Tuesday at 8.72 gaining A$0.04 (0.46%). Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for WFD.AX

Tuesday's trading range was A$0.04 (0.46%), that's far below last trading month's daily average range of A$0.09. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.


After trading as low as 8.70 during the day, Westfield Corporation bounced off the key support level at 8.71. The failure to close below the support could increase that levels importance as support going forward. After having been unable to move above 8.73 in the previous session, the market ran into sellers again around the same price level today, failing to move higher than 8.74. After spiking up to 8.74 during the day, the share found resistance at the 100-day moving average at 8.73.


The stock shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish.

Order Flow

Selling might speed up should prices move below the close-by swing low at 8.65 where further sell stops could get triggered.


While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Report Market Conditions
Bearish Bounce off SMA 100 TQ Pro Members Only
Bounced off Technical Support S1 TQ Pro Members Only
High close to previous High TQ Pro Members Only
Close to Swing Low TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Westfield Corporation Ltd traded like this in the past. See the odds for each technical pattern with expected gain and loss.


Stocks Top Movers

ETHUSD 706.3763.66 9.90%
BTCUSD 9,656.35704.38 7.87%
NATGAS 2.8110.032 1.15%
GOLD 1,332.25.6 0.42%
GBPUSD 1.39770.0039 0.28%
DXY 90.540-0.165 -0.18%
NKY 22,215.32-62.80 -0.28%
TBOND 142.344-0.594 -0.42%
FTSE 7,379.32-46.08 -0.62%
HSI 30,327.77-308.47 -1.01%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.