ASX - WES: 30 APR, 2024© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M
The near-term outlook suggests WES may be ready to push higher.
Invalidation point: 63.81
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2.26AUD
2.56 BAUD
44.05 BAUD
1.13 B
About WESFARMERS LIMITED
Sector
Industry
CEO
Robert Scott
Website
Headquarters
Perth
Founded
1981
ISIN
AU000000WES1
FIGI
BBG000BFJZJ5
Wesfarmers Ltd. engages in the provision of fresh food, groceries, general merchandise, liquor, fuel, and financial services. It operates through the following segments: Bunnings; Kmart Group; Chemicals, Energy, and Fertilisers (WesCEF); Officeworks; Industrial and Safety; Health; Catch; and Other. The Bunnings segment consists of retailers of building materials and home and garden improvement products and servicing households and commercial customers including builders, trades, and businesses. The Kmart Group segment comprises of Kmart and Target which are retailers of apparel and general merchandise, including toys, leisure, entertainment, home, and consumable; and Catch which is an online retailer offering branded products on a first-party basis and a third-party online marketplace. The WesCEF segment refers to manufacturer and marketer of chemicals for industry, mining, mineral processing, broadacre and horticultural fertilisers, marketer and distributor of LPG and LNG; and manufacturer of wood-plastic composite decking and screening products. The Officeworks segment covers the retail and supply of office products and solutions for households, small-to-medium sized businesses, and the education sector. The Industrial and Safety segment supplies and distributes maintenance, repair, and operating products; manufactures and markets industrial gases and equipment; supplies, manufactures, and distributes workwear clothing in Australia and internationally. The Health segment wholesales and retails pharmaceutical, health, wellbeing, and beauty products. The Catch segment operates as an online retailer offering branded products on first-party basis and a third-party online marketplace. The Other segment includes food and stables retailing; forest products; property; investment banking; OneDigital, and Corporate. The company was founded in 1914 and is headquartered in Perth, Australia.
WES - SELLWesfarmers have reach all time highs and due a correction
- RSI divergence indicating SELL
- Buy @ $58 - $60 range
- This would be a high probability trade to gain for Short Term Trade
(ASX): WES - WESFARMERS LIMITED || March 12, 2024(XDJ): CONSUMER DISCRETIONARY
(ASX): WES - WESFARMERS LIMITED || March 12, 2024
Master of Elliott Wave Analysis: Shane Hua (CEWA-M).
(Left chart): The broader context (1D chart) reveals that a previous wave 2-red has concluded, touching a low at 46.64, initiating wave 3-red to propel WES further up
WES Target Reachedits like a roller coaster.
its goes up and goes down.
Good Earning makes the difference.
Go WES , Target $60 WES is good stock. Trending up. All 5/10/20/60 MAs are in line to build the Wave. MACD is above 0. A strong and positive wave which hopefully will bring Santa to US.
Holding Value area possible fallWesfarmers broke the trend so if back at $49 sellers may push it down, i'm thinking to buy it at $46
Breakout to SellThe stock just completed and broke out of wave 4 ending diagonal. I'm waiting for a break and retest of a potential bearish flag.
Wesfarmers ,,, PullbackUptrend
Pullback has been completed after this good bullish candle and everything is ready for a good rally toward next target.
I suppose around 48 can be a good SL for it.
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of WES is 66.62 AUD — it has decreased by −0.98% in the past 24 hours. Watch WESFARMERS LIMITED stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on ASX exchange WESFARMERS LIMITED stocks are traded under the ticker WES.
WES stock has fallen by −4.17% compared to the previous week, the month change is a −5.03% fall, over the last year WESFARMERS LIMITED has showed a 29.43% increase.
We've gathered analysts' opinions on WESFARMERS LIMITED future price: according to them, WES price has a max estimate of 77.10 AUD and a min estimate of 56.70 AUD. Watch WES chart and read a more detailed WESFARMERS LIMITED stock forecast: see what analysts think of WESFARMERS LIMITED and suggest that you do with its stocks.
WES stock is 1.56% volatile and has beta coefficient of 1.07. Track WESFARMERS LIMITED stock price on the chart and check out the list of the most volatile stocks — is WESFARMERS LIMITED there?
Today WESFARMERS LIMITED has the market capitalization of 76.35 B, it has decreased by −2.98% over the last week.
Yes, you can track WESFARMERS LIMITED financials in yearly and quarterly reports right on TradingView.
WESFARMERS LIMITED is going to release the next earnings report on Feb 13, 2025. Keep track of upcoming events with our Earnings Calendar.
WES earnings for the last half-year are 1.00 AUD per share, whereas the estimation was 0.98 AUD, resulting in a 1.59% surprise. The estimated earnings for the next half-year are 1.30 AUD per share. See more details about WESFARMERS LIMITED earnings.
WESFARMERS LIMITED revenue for the last half-year amounts to 21.52 B AUD, despite the estimated figure of 20.51 B AUD. In the next half-year revenue is expected to reach 23.69 B AUD.
WES net income for the last half-year is 1.13 B AUD, while the previous report showed 1.43 B AUD of net income which accounts for −20.56% change. Track more WESFARMERS LIMITED financial stats to get the full picture.
WESFARMERS LIMITED dividend yield was 3.04% in 2024, and payout ratio reached 87.73%. The year before the numbers were 3.87% and 87.71% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
As of Nov 2, 2024, the company has 120.00 K employees. See our rating of the largest employees — is WESFARMERS LIMITED on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. WESFARMERS LIMITED EBITDA is 5.74 B AUD, and current EBITDA margin is 13.03%. See more stats in WESFARMERS LIMITED financial statements.
Like other stocks, WES shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade WESFARMERS LIMITED stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So WESFARMERS LIMITED technincal analysis shows the sell today, and its 1 week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating WESFARMERS LIMITED stock shows the buy signal. See more of WESFARMERS LIMITED technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.