Wesfarmers Limited technical analysis
Technical analysis of Wesfarmers Limited (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
What is Wesfarmers Limited
Wesfarmers Limited is an Australian retail company operating through multiple divisions that sells building materials and home and garden products, apparel and general merchandise, as well as office products and solutions through its Officeworks stores. The company also manufactures and distributes industrial chemicals and fertilizers, and provides maintenance, repair, and industrial safety products and services in Australia, New Zealand, and internationally.
Description generated automatically from public sources; it may be inaccurate or out of date.
Wesfarmers Limited: latest session data
Closing values for October 15, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
75.67
+4.81%
50 sessions
77.87
+1.85%
200 sessions
79.23
+0.11%
Session levels
s2
76.38
Support
s1
77.44
Support
pivot
78.18
Pivot
r1
79.24
Resistance
r2
79.98
Resistance
How to read it
In the October 15, 2026 session Wesfarmers Limited closed higher at 79.31 , +1.03% versus the previous session.
The price sits above every moving average observed: +4.81% against the 21-session average, +1.85% against the 50 and +0.11% against the 200.
The 14-period RSI reads 66.4, in neutral territory.
MACD stands at 0.449 against a signal line at -0.213: the histogram is positive (+0.662).
ADX reads 26.2, indicating a marked directionality.
Levels computed on the latest session place supports at 77.44 and 76.38 and resistances at 79.24 and 79.98 , around a pivot of 78.18.
The average daily range (ATR) is 1.310 , or 1.65% of price.
Turnover was 1.9M shares, 113% of the 20-session average.
Over the last twelve months the price ranged between 69.73 and 91.84 , and today stands −13.64% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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How Montbon’s technical analysis works
Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
FAQ about Wesfarmers Limited
How is Wesfarmers Limited analysed technically?
Technical analysis of Wesfarmers Limited is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for Wesfarmers Limited?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to Wesfarmers Limited?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Wesfarmers Limited it helps frame the technical structure of the historical chart and is not a forecast.
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