Meyka Pro is live. Get 50% off your first 3 months.Get Started →
Meyka Pro banner
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
$33.90
$0.22(0.65%)
Australian Market opens in 38h 49m

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 bearish trend on the ASX, supported by momentum and weak buying pressure.

Overall Sentiment:Sell
Momentum:Bearish to Weak (RSI: 32.63)
Trend Strength:Strong (ADX: 33.86)
Volatility:Low (ATR: 0.65)
Support/Resistance:$31.96 – $39.12 (Bollinger Bands)

Technical conditions suggest Westpac Banking Corporation on the ASX is awaiting a decisive move. Overall, Westpac Banking Corporation remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 32.63

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 10.24

Bullish
Oversold zone signals rebound potential.

Williams %R: -82.81

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -5.04

Strongly Bearish
Sharp downside momentum.

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

Trend & Volatility

MACD: -0.82

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 33.86

Strong
Strong trend, momentum well established.

ATR (14): 0.65

Low
Low volatility, stable price action.

CCI (14): -68.99

Bearish
Bearish, momentum remains under pressure.

Takeaway:Westpac Banking Corporation shows weakening trend signals, with bearish pressure building.

Support & Resistance indicators
Bollinger Bands
Upper Band
$39.12
Middle Band (SMA 20)
$35.54
Lower Band
$31.96
Current Position
Within Bands

Takeaway:Westpac Banking Corporation trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$36.32
Middle Line (EMA 20)
$35.01
Lower Channel
$33.71
Squeeze Status
No Squeeze

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

Volume & Money Flow Analysis
On-Balance Volume-19.79M
Money Flow Index24.13Bearish, selling pressure outweighs inflows.
Relative Vigor Index28.88Bearish, price momentum favors sellers.

Overall Takeaway:WBC.AX shows bearish money flow, with sellers dominating volume and vigor.

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

ADX above 20 → strong underlying trend.

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:Westpac Banking Corporation shows a Bearish signal — selling pressure is building, with trend indicators favoring downside.

(ASX: WBC.AX) Technical Analysis FAQ