WOODSIDE PETROLEUM LTD - Weekly - Technical analysis published on 11/24/2020 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
WOODSIDE PETROLEUM LTD Chart
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
67%
6%
28%
My opinion
Bearish under 24.650 AUD
My targets
18.587 AUD (-15.48%)
15.270 AUD (-30.56%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on WOODSIDE PETROLEUM LTD. As long as you are under the resistance located at 24.650 AUD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 18.587 AUD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 15.270 AUD as an objective. If the resistance 24.650 AUD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.5
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This analysis was given by Simon1.
Additional analysis
Quotes
The WOODSIDE PETROLEUM LTD rating is 21.990 AUD. Over 5 days, this instrument gained +2.04% with the lowest point at 21.650 AUD and the highest point at 22.090 AUD. The deviation from the price is +1.57% for the low point and -0.45% for the high point.21.650
22.090
21.990
Here is a more detailed summary of the historical variations registered by WOODSIDE PETROLEUM LTD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Weekly chart of WOODSIDE PETROLEUM LTD indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Weekly
An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : Weekly
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 15.270 | 21.990 | 24.650 | 29.432 | 34.637 |
| Change (%) | -30.56% | - | +12.10% | +33.84% | +57.51% |
| Change | -6.720 | - | +2.660 | +7.442 | +12.647 |
| Level | Major | - | Intermediate | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.063 | 21.357 | 21.503 | 21.797 | 21.943 | 22.237 | 22.383 |
| Camarilla | 21.529 | 21.569 | 21.610 | 21.650 | 21.690 | 21.731 | 21.771 |
| Woodie | 20.990 | 21.320 | 21.430 | 21.760 | 21.870 | 22.200 | 22.310 |
| Fibonacci | 21.357 | 21.525 | 21.629 | 21.797 | 21.965 | 22.069 | 22.237 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.480 | 20.090 | 20.870 | 21.480 | 22.260 | 22.870 | 23.650 |
| Camarilla | 21.268 | 21.395 | 21.523 | 21.650 | 21.777 | 21.905 | 22.032 |
| Woodie | 19.565 | 20.133 | 20.955 | 21.523 | 22.345 | 22.913 | 23.735 |
| Fibonacci | 20.090 | 20.621 | 20.949 | 21.480 | 22.011 | 22.339 | 22.870 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.667 | 15.733 | 16.627 | 17.693 | 18.587 | 19.653 | 20.547 |
| Camarilla | 16.981 | 17.161 | 17.340 | 17.520 | 17.700 | 17.879 | 18.059 |
| Woodie | 14.580 | 15.690 | 16.540 | 17.650 | 18.500 | 19.610 | 20.460 |
| Fibonacci | 15.733 | 16.482 | 16.945 | 17.693 | 18.442 | 18.905 | 19.653 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.80 | |
| MACD (12,26,9): | -0.6970 | |
| Directional Movement: | -1.598 | |
| AROON (14): | 50.000 | |
| DEMA (21): | 18.627 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.094 | |
| Elder Ray (13): | 2.176 | |
| Super Trend (3,10): | 17.822 | |
| Zig ZAG (10): | 21.990 | |
| VORTEX (21): | 1.0310 | |
| Stochastique (14,3,5): | 92.87 | |
| TEMA (21): | 19.770 | |
| Williams %R (14): | -1.89 | |
| Chande Momentum Oscillator (20): | 3.020 | |
| Repulse (5,40,3): | 9.7400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.9270 | |
| Courbe Coppock: | 2.50 |
| MA7: | 21.440 | |
| MA20: | 19.553 | |
| MA50: | 18.751 | |
| MA100: | 19.436 | |
| MAexp7: | 20.133 | |
| MAexp20: | 19.955 | |
| MAexp50: | 22.840 | |
| MAexp100: | 26.205 | |
| Price / MA7: | +2.57% | |
| Price / MA20: | +12.46% | |
| Price / MA50: | +17.27% | |
| Price / MA100: | +13.14% | |
| Price / MAexp7: | +9.22% | |
| Price / MAexp20: | +10.20% | |
| Price / MAexp50: | -3.72% | |
| Price / MAexp100: | -16.08% |
Quotes :
2020-11-23 00:00:00
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End-of-day data
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Australia Stocks
News
The last news published on WOODSIDE PETROLEUM LTD at the time of the generation of this analysis was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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