Technical Analysis for WBK - Westpac Banking Corporation

Grade Last Price % Change Price Change
grade D 12.81 1.83% 0.23
WBK closed up 1.83 percent on Thursday, June 4, 2020, on 49 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up
Historical WBK trend table...

Date Alert Name Type % Chg
Upper Bollinger Band Walk Strength 0.00%
Wide Bands Range Expansion 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Wide Bands Range Expansion 1.83%
Above Upper BB Strength 1.83%
Gapped Up Strength 1.83%

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Profile

Westpac Banking Corporation provides various banking and financial services. It offers personal banking products comprising transaction and savings accounts; term deposits; debit and credit cards; home loans; personal loans and overdraft facility; home and contents, life, car, travel, credit and loan repayment, disability and living, and income protection and business overheads insurance; superannuation and retirement products; and investment solutions, including cash rate and managed funds, managed accounts, protected lending, investment loans, wrap products, and alternative investments. The company also provides business banking products consisting of business savings, not-for-profit, agribusiness, and trust accounts; business term deposits; short term and long term finance, equipment finance and leasing, and agribusiness finance; merchant services, including electronic funds transfer point of sale terminals, online payments, and mobile phone payments; business and farm insurance; and international trade solutions comprising foreign exchange, cash flow management, export and import services, and trade finance products. In addition, it offers corporate banking services comprising debt market solutions, including debt capital products, equity issuance and structuring solutions, loans, bonds, structured and asset finance, fixed interest and debt securities, and interest rate derivatives; transaction banking solutions; foreign exchange; investing solutions, consisting of fund management, corporate superannuation, and managed investments; commercial cards; and institutional banking services, such as commodities, carbon, and energy products. As of September 30, 2012, the company operated 1,538 branches primarily in Australia, New Zealand, and the Pacific Islands. The company was formerly known as Bank of New South Wales and changed its name to Westpac Banking Corporation in 1982. Westpac Banking Corporation was founded in 1817 and is headquartered in Sydney, Australia.
Financial Services Banking Bank Commercial Bank Ing Australia Ing Group Cellular Telephone Merchant Services Retirement Products Corporate Banking Services Energy Products Investment Solutions Asset Finance Business Banking Products Banks Of Australia Equipment Finance Personal Banking Products Trade Finance Products Fund Management Online Payments Institutional Banking Services Trade Solutions

Is WBK a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 20.56
52 Week Low 7.98
Average Volume 859,964
200-Day Moving Average 15.57
50-Day Moving Average 10.25
20-Day Moving Average 10.74
10-Day Moving Average 11.51
Average True Range 0.49
ADX 20.23
+DI 48.04
-DI 23.92
Chandelier Exit (Long, 3 ATRs ) 11.36
Chandelier Exit (Short, 3 ATRs ) 10.62
Upper Bollinger Band 12.80
Lower Bollinger Band 8.69
Percent B (%b) 1.0
BandWidth 38.21
MACD Line 0.58
MACD Signal Line 0.31
MACD Histogram 0.2715
Fundamentals Value
Market Cap 42.89 Billion
Num Shares 3.35 Billion
EPS 1.79
Price-to-Earnings (P/E) Ratio 7.16
Price-to-Sales 5.25
Price-to-Book 1.80
PEG Ratio 0.00
Dividend 1.39
Dividend Yield 10.85%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 13.31
Resistance 3 (R3) 13.26 13.05 13.22
Resistance 2 (R2) 13.05 12.92 13.07 13.19
Resistance 1 (R1) 12.93 12.85 12.99 12.98 13.17
Pivot Point 12.72 12.72 12.75 12.74 12.72
Support 1 (S1) 12.60 12.59 12.66 12.65 12.45
Support 2 (S2) 12.39 12.52 12.41 12.43
Support 3 (S3) 12.27 12.39 12.40
Support 4 (S4) 12.32