WPL.AX pushes through prior session high

Woodside Petroleum Ltd (WPL.AX) Technical Analysis Report for Apr 17, 2018


WPL.AX pushes through 100-day moving average
WPL.AX finds support at 100-day moving average
WPL.AX pushes through previous session high
WPL.AX rises to highest close since February 8th
WPL.AX ends the day indecisive

TQ Sentiment

Report Sentiment: 57% Bullish
Technical Forecast:


WPL.AX ended Tuesday at 30.52 gaining A$0.20 (0.66%). Today's closing price of 30.52 marks the highest close since February 8th. Closing above Saturday's high at 30.50, the market confirms its breakout through the prior session's high having traded A$0.25 above it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for WPL.AX


Tuesday's trading range was A$0.37 (1.21%), that's slightly below last trading month's daily average range of A$0.42. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being above average.


Prices are trading close to a key support level at 30.28. After trading as low as 30.38 during the day, Woodside Petroleum found support at the 100-day moving average at 30.38.


The stock shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish. The share managed to break above the 100-day moving average at 30.38 today for the first time since April 12th.

Order Flow

Selling could speed up should prices move below the close-by swing low at 30.10 where further sell stops might get triggered.


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

Market Conditions for Woodside Petroleum Ltd

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Latest Report:

WPL.AX closes within prior day's range

Sep 21, 2018
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