Technical Analysis for WQG - WCM GLOBAL GROWTH LIMITED

Grade Last Price % Change Price Change
B 1.615 -0.62% -0.010
WQG closed down 0.62 percent on Friday, November 22, 2024, on 1.47 times normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Flat Down

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 0.00%
Expansion Pivot Sell Setup Bearish Swing Setup 0.00%
Hammer Candlestick Bullish 0.00%
Lizard Bullish Bullish Day Trade Setup 0.00%
Wide Range Bar Range Expansion 0.00%
Lower Bollinger Band Touch Weakness 0.00%
20 DMA Resistance Bearish -0.62%
Shooting Star Candlestick Bearish -0.62%
Doji - Bearish? Reversal -0.62%
50 DMA Support Bullish -0.31%

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Profile

WCM GLOBAL GROWTH LIMITED Description

WCM Global Growth Limited, formerly Contango Global Growth Limited, is a diversified portfolio investment company. The Company’s primary objective is to provide long-term capital growth and seek businesses with global growth prospects. In addition the Company offering a distinct diversification from the Australian market. The Company may invest in exchange traded options and futures for the purpose of gaining indirect exposure to the equity market. The Company also provides investors with exposure to a high conviction, actively managed portfolio of globally listed quality high growth companies through an ASX listed investment company (LIC). The Company’s investment objective is to seek growth businesses with returns on invested capital, prospects and low or no debt. The investment strategy offers a value-added total return approach to investing in global listed markets. Contango International Management is the Company’s investment manager.


Classification

Sector: Financial
Industry: Asset Management
Keywords: Investment Management Investment Company Stock Market Debt E Trade Financial Risk Management Investment Strategy Listed Investment Company Futures Contract Contango

Is WQG 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 1.665
52 Week Low 1.1635
Average Volume 277,144
200-Day Moving Average 1.519
50-Day Moving Average 1.615
20-Day Moving Average 1.631
10-Day Moving Average 1.629
Average True Range 0.023
RSI (14) 44.13
ADX 20.17
+DI 24.778
-DI 33.355
Chandelier Exit (Long, 3 ATRs) 1.593
Chandelier Exit (Short, 3 ATRs) 1.648
Upper Bollinger Bands 1.668
Lower Bollinger Band 1.594
Percent B (%b) 0.29
BandWidth 4.525
MACD Line 0.001
MACD Signal Line 0.004
MACD Histogram -0.0032
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.683
Resistance 3 (R3) 1.678 1.652 1.671
Resistance 2 (R2) 1.652 1.634 1.654 1.667
Resistance 1 (R1) 1.633 1.624 1.620 1.638 1.664
Pivot Point 1.607 1.607 1.600 1.609 1.607
Support 1 (S1) 1.588 1.589 1.575 1.593 1.566
Support 2 (S2) 1.562 1.579 1.564 1.563
Support 3 (S3) 1.543 1.562 1.559
Support 4 (S4) 1.548