Westpac Banking Corp (ASX:WBC) HEFFX Highlights
- Australian bank Westpac has decided the time is right to bring its Distributed System Access service in-house, rather than continue an arrangement that saw it tended by IBM.
- The Register understands that Distributed System Access (DSA) is the Bank’s authentication infrastructure and is used to manage user accounts, group accounts and set permissions for access to files. As the bank employs around 40,000 people across five different businesses, securing access to resources is crucial for purposes of security and confidentiality.
- We also understand that DSA was built with plenty of help from IBM Australia, which has had ongoing involvement with the project.
- Westpac, however, has decided to change that arrangement.
- “We’re bringing the Distributed System Access back in-house to have a centrally managed approach for the provision and access of our systems,” a spokesperson for the bank told us.
Westpac Banking Corporation is a banking organization. The Company provides a range of banking and financial services in markets, including consumer, business and institutional banking and wealth management services. The Company is engaged in the provision of financial services, including lending, deposit taking, payments services, investment portfolio management and advice, superannuation and funds management, insurance services, leasing finance, general finance, interest rate risk management and foreign exchange services. The Company’s segments include Consumer Bank, Business Bank, BT Financial Group (BTFG), Westpac Institutional Bank (WIB) and Westpac New Zealand. The Company has branches throughout Australia, New Zealand, Asia and in the Pacific region. The Company through its division offers its services under various brands, such as Westpac, St.George, BankSA, Bank of Melbourne and RAMS brands.
Overall, the bias in prices is: Sideways.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
The projected upper bound is: 32.50.
The projected lower bound is: 30.41.
The projected closing price is: 31.46.
WESTPAC FPO closed down -0.380 at 31.440. Volume was 9% below average (neutral) and Bollinger Bands were 22% narrower than normal.
Open High Low Close Volume
31.700 31.700 31.330 31.440 6,012,954
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 31.33 31.75 32.46
Volatility: 16 21 21
Volume: 3,973,086 5,234,402 6,034,839
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
WESTPAC FPO is currently 3.1% below its 200-period moving average and is in an downward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of WBC.AX at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on WBC.AX and have had this outlook for the last 14 periods.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 70.1614. This is not an overbought or oversold reading. The last signal was a buy 10 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 47.70. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 70 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 53. This is not a topping or bottoming area. The last signal was a sell 0 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 2 period(s) ago.