Technical analysis from Gale Pacific (GAP.AX, ASX:GAP.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Gale Pacific
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GAP Basic Candle: Black Marubozu
Black Marubozu /
GAP Basic Candle: Black Marubozu

[BEARISH]: Gale Pacific has formed a Black Marubozu candlestick. This means, GAP has received strong selling confidence and downward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Volume rate of change is now building for Gale Pacific signalling a short term downtrend is likely
Volume Rate of Change /
Volume rate of change is now building for Gale Pacific signalling a short term downtrend is likely

[BEARISH CROSSOVER]: Gale Pacific currently has negative rate of change of -59%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -1.4%.

On Balance Volume /
Confirmation of Gale Pacific is currently being distributed via OBV

[BEARISH]: Gale Pacific current price has highlighted recent distribution. Currently, the OBV is -459433.

Volume /
Volume for GAP has surpassed the volume of the previous trading session

[BULLISH]: Gale Pacific current volume uptrend in the first timeframe. Volume for GAP is 148771 (0.4).

Percentage Price /
The current price is still losing momentum through a fall for GAP on the short term EMA.

[BEARISH]: Gale Pacific currently has negative PPO -1.686%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Moving Average Envelope /
Oversold signal continues for Gale Pacific indicating upward price movement is likely

[BULLISH]: Gale Pacific current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 0.361.

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Close Tod Vs Range Tod /
Gale Pacific: Sellers are in control at the market close.

[BEARISH]: Gale Pacific sellers in control. This is the first day of seller commitment for Gale Pacific adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 84 trading days with the closing price in the lower part of the range giving a confirmation ratio of 31.9%. Over the last month there has been 5 trading days with the closing price in the lower range giving a confirmation ratio of 33.3%. Currently this quarter, closing price has spent 10 days in the lower price range compared to 4 days in the upper range giving a ratio of 2.5x.

[Downtrend]: Recent trading for GAP confirms bearish SMA(5) signal
Simple Moving Average /
[Downtrend]: Recent trading for GAP confirms bearish SMA(5) signal

[BEARISH]: Gale Pacific currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -1.4%.

Traders are currently distributing Gale Pacific
Daily Volume Index /
Traders are currently distributing Gale Pacific

[BEARISH]: Gale Pacific current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -256.

Fibonacci Extensions /
Gale Pacific has broken below the 161.8% extension level ($4.03) [Bullish]

Gale Pacific: The current Fibonacci Extension levels are: (23.61%) $0.37: (38.2%) $0.38: (50%) $0.38: (61.8%) $0.39The current support levels are: (78.6%) $0.4: (100%) $0.41: (138.2%) $0.42: (161.8%) $0.43: (261.8%) $0.48: (423.61%) $0.55

Aroon Oscillator /
[Downtrend]: Aroon oscillator (-40) downtrend has been confirmed for GAP

GAP: Aroon Oscillator Current Signal -> (1) 21 May: BEARISH (2) 18 May: BEARISH (3) 21 May: BULLISH STRONG

Weighted Moving Average /
Gale Pacific: Weighted Moving Average(5) (0.368)

[BEARISH]: Gale Pacific currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -1.4%.

GAP: The return on MACD is -2.7%.
MACD /
GAP: The return on MACD is -2.7%.

GAP: MACD Recent Trading -> (1) 21 May: -0.0004 (2) 18 May: -0.0006 (3) 21 May: 0.0036

Gale Pacific: Rate of change (-2.667)
Rate of Change /
Gale Pacific: Rate of change (-2.667)

GAP: ROC Current Signal -> (1) 21 May: BEARISH (2) 18 May: BEARISH CROSSOVER (3) 21 May: BULLISH

Accumulation / Distribution /
Recent trading signals Gale Pacific is being distributed

GAP: ADLINE Recent Trading -> (1) 21 May: -850145 (2) 18 May: -701374 (3) 21 May: 8.44538e+006

Bill Williams Market Facilitation /
Recent trading has confirmed a Green Day for Gale Pacific

Gale Pacific Currently is a confirmed Green Day. Both MFI & volume are down for GAP. Trend continuation likely for GAP from increased trading activity.

Exponential Moving Average /
Gale Pacific: Closing price $0.365 is below the EMA(5) @$0.3686

[BEARISH]: Gale Pacific currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -1.4%.

Volume MACD oscillator remains positive for GAP
MACD Volume /
Volume MACD oscillator remains positive for GAP

[BULLISH]: Gale Pacific currently has positive Volume MACD of 2526. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Gale Pacific: Daily low performance (-1.4 %)
Low Price /
Gale Pacific: Daily low performance (-1.4 %)

GAP: LOW Current Signal -> (1) 21 May: BEARISH (2) 18 May: NEUTRAL (3) 17 May: NEUTRAL

Gale Pacific: Elders Force Index (-743.86)
Elders Force Index /
Gale Pacific: Elders Force Index (-743.86)

[BEARISH]: Gale Pacific current price has highlighted recent selling pressure. Currently, the Elders Force Index is -280.

Detrended Price Oscillator /
DPO(20) for Gale Pacific has confirmed bearish direction is likely to continue

[BEARISH]: Gale Pacific currently has a confirmed downtrend. Price is currently below the displaced moving average for GAP. Currently, the return on DPO20 is -1.4%.

Pivot Points /
Gale Pacific has moved above the R1 pivot point ($0.369) [Bullish]

Gale Pacific has broken the first resistance point ($0.369) [Bullish]. Look for a long limit order entry near this point. Exit price for GAP should be set @$0.372 & Stoploss for Gale Pacific should be set between $0.362 & $0.359

Sine Weighted Moving Average /
The SWMA trend following signal is now active for Gale Pacific [Bearish]

[BEARISH]: Gale Pacific currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -1.4%.

Gale Pacific has moved above the R1 Woodie pivot point ($0.367) [Bullish]
Woodie Pivot Point /
Gale Pacific has moved above the R1 Woodie pivot point ($0.367) [Bullish]

Gale Pacific has broken the first Woodie resistance point ($0.367) [Bullish]. Look for a long limit order entry near this point. Exit price for GAP should be set @$0.371 & Stoploss for Gale Pacific should be set at $0.361

[Selling Pressure]: ERI has increased for Gale Pacific during the last trading session
Elder Ray Index /
[Selling Pressure]: ERI has increased for Gale Pacific during the last trading session

[BEARISH]: Gale Pacific Elder Ray Index is signalling a Bearish movementERI is -0.008 indicating bear power. Prices are being driven below the consensus of value for GAP during the last trading session [Selling Pressure]

Stochastic Oscillator /
Stochastic Oscillator oversold signal has just been triggered for Gale Pacific

GAP: Stochastic Oscillator Signal -> (1) 21 May: BEARISH CROSSOVER (2) 18 May: BEARISH CROSSUNDER (3) 21 May: BEARISH

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