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West African Resources Limited

WAF.AX Technical Analysis Summary (ASX)

Analyze WAF.AX on the ASX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

WAF.AX●ASX
Basic MaterialsGold
$3.44
$0.07(1.99%)
Australian Market opens in 0h 35m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

WAF.AX Technical Analysis Summary (ASX)

West African Resources Limited (ASX: WAF.AX) stock currently shows a neutral trend on the ASX, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 42.38)
Trend Strength:Weak (ADX: 15.92)
Volatility:Medium (ATR: 0.12)
Support/Resistance:$3.32 – $3.92 (Bollinger Bands)

Technical conditions suggest West African Resources Limited on the ASX is awaiting a decisive move. Overall, West African Resources Limited remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 42.38

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 15.28

Bullish
Oversold zone signals rebound potential.

Williams %R: -90.24

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -6.52

Strongly Bearish
Sharp downside momentum.

Takeaway:West African Resources Limited shows strong bearish momentum, signaling downside pressure.

Trend & Volatility

MACD: -0.04

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 15.92

Weak
Weak trend, market trading sideways.

ATR (14): 0.12

Low
Low volatility, stable price action.

CCI (14): -81.70

Bearish
Bearish, momentum remains under pressure.

Takeaway:West African Resources Limited shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$3.92
Middle Band (SMA 20)
$3.62
Lower Band
$3.32
Current Position
Within Bands

Takeaway:West African Resources Limited trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$3.81
Middle Line (EMA 20)
$3.57
Lower Channel
$3.32
Squeeze Status
No Squeeze

Takeaway:West African Resources Limited trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume45.20M
Money Flow Index60.20Bullish, inflows support continued momentum.
Relative Vigor Index46.25Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:WAF.AX shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of West African Resources Limited (ASX: WAF.AX), here are the key trading signals and recommendations:

Bullish Signals

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for West African Resources Limited are mixed, suggesting a Hold or wait-and-see approach.

(ASX: WAF.AX) Technical Analysis FAQ