Aroon Signals Revealing Solid Momentum For Wingara Ag Ltd (WNR.AX)

The Aroon Oscillator has reached a key pivot point for Wingara Ag Ltd (WNR.AX) as the upward trend for the shares continues to build.  Whether or not this can continue can be determined by looking at several charts.  The key levels you need to watch on the Aroon indicator are 80 and 20. Would you like to know how to tell if the price is trending up? You just have to wait for the Aroon Up line to move above the level 80. If you find the Aroon Down line is saying below Level 20 at the same time, it would confirm the bullish trend in the market. If you find the Aroon indicator in this situation, you might consider taking up a position. The Aroon indicator differs from other price momentum oscillators because it exploits both of these market attributes. Aroon-based indicators do this by measuring price changes relative to time. This article will examine the logic behind Aroon and show when it works best.

Traders have been closely following shares of Wingara Ag Ltd (WNR.AX) recently. Focusing on moving averages, the 50-day is 0.28, the 200-day is at 0.28, and the 7-day is 0.36. Using the moving average for technical stock analysis is still quite popular among traders and investors. The moving average can be used as a reference point to help spot buying and selling opportunities. Using a longer term moving average such as the 200-day may help squash the noise and chaos that is sometimes created by daily price fluctuations. In some cases, MA’s may be used as strong reference points for figuring out support and resistance levels.

Wingara Ag Ltd (WNR.AX)’s Williams Percent Range or 14 day Williams %R currently sits at -57.69. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.

Wingara Ag Ltd (WNR.AX) currently has a 14-day Commodity Channel Index (CCI) of 31.62. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

Currently, the 14-day ADX for Wingara Ag Ltd (WNR.AX) is sitting at 48.76. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.

The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, the 14-day RSI is currently at 60.44, the 7-day stands at 55.21, and the 3-day is sitting at 44.19.