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Westpac Banking Corporation

WBC.AX Technical Analysis Summary (ASX)

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

WBC.AX●ASX
Financial ServicesBanks - Diversified
$33.72
$0.52(1.52%)
Australian Market opens in 64h 59m

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

WBC.AX Technical Analysis Summary (ASX)

Westpac Banking Corporation (ASX: WBC.AX) stock currently shows a neutral trend on the ASX, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Bearish to Weak (RSI: 39.79)
Trend Strength:Weak (ADX: 13.33)
Volatility:Low (ATR: 0.61)
Support/Resistance:$33.79 – $35.29 (Bollinger Bands)

Technical conditions suggest Westpac Banking Corporation on the ASX is awaiting a decisive move. This mix signals that Westpac Banking Corporation is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 39.79

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 27.89

Bearish
Momentum remains weak below midpoint.

Williams %R: -99.35

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -2.99

Bearish
Selling pressure outweighs buying.

Takeaway:Westpac Banking Corporation shows strong bearish momentum, signaling downside pressure.

Trend & Volatility

MACD: -0.18

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 13.33

Weak
Weak trend, market trading sideways.

ATR (14): 0.61

Low
Low volatility, stable price action.

CCI (14): -130.38

Bearish
Bearish, oversold conditions may spark rebound.

Takeaway:Westpac Banking Corporation shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$35.29
Middle Band (SMA 20)
$34.54
Lower Band
$33.79
Current Position
Below Lower Band

Takeaway:Westpac Banking Corporation trades near the lower band, signaling oversold conditions and potential rebound.

Keltner Channels
Upper Channel
$35.71
Middle Line (EMA 20)
$34.50
Lower Channel
$33.29
Squeeze Status
Squeeze On

Takeaway:Westpac Banking Corporation trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-9.44M
Money Flow Index56.72Neutral, balanced money flows with no clear signal.
Relative Vigor Index46.76Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:WBC.AX shows balanced money flow with a slight bullish bias.

Technical Trading Signals Summary
Based on the current technical analysis of Westpac Banking Corporation (ASX: WBC.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 Westpac Banking Corporation are mixed, suggesting a Hold or wait-and-see approach.

(ASX: WBC.AX) Technical Analysis FAQ