Technical analysis from Gascoyne Resources (GCY.AX, ASX:GCY) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Gascoyne Resources
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Gascoyne Resources: MACD oscillator (0.004000)
MACD /
Gascoyne Resources: MACD oscillator (0.004000)

[BULLISH]: Gascoyne Resources currently has positive MACD of 0.004000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 1.5%.

Traders are currently accumulating Gascoyne Resources
Daily Volume Index /
Traders are currently accumulating Gascoyne Resources

GCY: DVI Current Signal -> (1) 12 Dec: BULLISH CROSSOVER (2) 11 Dec: BEARISH (3) 08 Dec: BEARISH

MACD Volume /
Negative momentum on the Volume MACD histogram for GCY is maintained & supports a bearish move is likely

[BEARISH]: Gascoyne Resources currently has negative Volume MACD of -34247. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Triangular Moving Average /
The TMA trend following signal is still current for Gascoyne Resources [Bullish]

[BULLISH]: Gascoyne Resources currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -1.2%.

Closing Price /
Gascoyne Resources: Daily performance is -1.2 % [Downtrend]

[BEARISH]: Gascoyne Resources current downtrend in the first timeframe. Currently, the Close is $0.415.

Fibonacci Extensions /
Gascoyne Resources: Look for a long limit order entry @$3.32

Gascoyne Resources has moved below the 161.8% level ($3.32) [Bullish]. Look for a long limit order entry near this point. Exit price for GCY should be set @$2.72 & Stoploss for Gascoyne Resources should be set at $3.92

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Momentum /
Momentum continues to build for Gascoyne Resources signalling a short term uptrend is likely

GCY: MOM Current Signal -> (1) 12 Dec: BULLISH (2) 11 Dec: BULLISH CROSSOVER (3) 08 Dec: BULLISH CROSSOVER

GCY Basic Candle: Black
Black Candle /
GCY Basic Candle: Black

[BEARISH]: Gascoyne Resources has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

GCY: Price has moved below the EMA(5) @$0.416994
Exponential Moving Average /
GCY: Price has moved below the EMA(5) @$0.416994

GCY: EMA(5) Current Signal -> (1) 12 Dec: BULLISH (2) 11 Dec: BEARISH (3) 08 Dec: BEARISH CROSSOVER

On Balance Volume /
OBV: Distribution still active for Gascoyne Resources

[BEARISH]: Gascoyne Resources current price has highlighted recent distribution. Currently, the OBV is -1.83754e+006.

Ease of Movement /
Price was difficult to move downward in recent trading on high volume causing an downtrend in price for GCY

GCY: EOM Current Signal -> (1) 12 Dec: BEARISH HARD (2) 11 Dec: BULLISH HARD (3) 08 Dec: BEARISH HARD

Medium Trend /
[Uptrend]: The second timeframe trend has continued for GCY

GCY: Medium Term Recent Trading -> (1) 12 Dec: Uptrend (2) 11 Dec: Uptrend (3) 08 Dec: Uptrend

Volume for Gascoyne Resources continues to gain momentum @5.8)
Percentage Volume /
Volume for Gascoyne Resources continues to gain momentum @5.8)

[BULLISH]: Gascoyne Resources currently has positive PVO 5.8%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 0.3%.

[Strong Trend]: Average Directional Index @37.56 has confirmed a strong trend for GCY
Average Directional Movement /
[Strong Trend]: Average Directional Index @37.56 has confirmed a strong trend for GCY

[Trend]: ADX for GCY has confirmed a strong trend is presentGascoyne Resources has an ATR(14) of 0.019, a DX of 0.09 & an ADX(14) of 37.56

Pivot Reversal /
A short term Pivot Reversal has formed with Gascoyne Resources

GCY: Bar Reversal Current Signal -> (1) 12 Dec: BEARISH (2) 11 Dec: NEUTRAL (3) 08 Dec: NEUTRAL

Bill Williams Market Facilitation /
Gascoyne Resources: Bill Williams Profanity [Fake Day]

Gascoyne Resources Currently is a confirmed Fake Day. MFI indicator is up, volume is down for GCY. Trend continuation possible for GCY from reduced trading activity.

Open Tod Vs Close Tod /
Open/close reversal confirmed for Gascoyne Resources signalling the sellers have lost commitment

[BEARISH WEAK]: Gascoyne Resources opened in the upper part of daily range at 100% & closed in the middle part of the trading range at 33.3%. This suggests the sellers have lost commitment. Over the last 12 months there has been 25 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 9.5%. Over the last month there has been 1 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 12.5%.

Gascoyne Resources: Daily Downtrend has been confirmed
Short Trend /
Gascoyne Resources: Daily Downtrend has been confirmed

[BEARISH]: Gascoyne Resources is in a downtrend in the short term timeframe. The current rally number is 1 & the highest rally count for the LTM is 1

Gascoyne Resources continues negative divergence & potential shift in direction
Chaikin Money Flow /
Gascoyne Resources continues negative divergence & potential shift in direction

[BEARISH]: Gascoyne Resources current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.07. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.53

Daily trading performance for GCY has initiated a short term downtrend
Close Tod Vs Close Yest /
Daily trading performance for GCY has initiated a short term downtrend

[BEARISH]: Gascoyne Resourcessellers are keener than buyers and are driving the price down. This is the first day of price decline for GCY adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -2.3 & the greatest daily negative change this year has been -7.7. The longest consecutive downswing rally over the last 12 months has been 2 days giving a total rally downward movement of -8.1%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -5.9%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 0.9x. Over the last month the average daily downward movement has been -1.5%

Accumulation / Distribution /
Confirmation of Gascoyne Resources is currently being distributed

[BEARISH]: Gascoyne Resources current distribution has given weakness to the share price and the continuation of bearish trading conditions.

Demarks Pivot Points /
Stoploss for Gascoyne Resources should be set between $0.405

Gascoyne Resources current pivot point (DeMark) is: (R1) $0.42. The current pivot point (DeMark) is: (S1) $0.405.

Pivot Points /
[Short]: Limit orders for Gascoyne Resources should be set at $0.409

Gascoyne Resources has broken the first support point ($0.409) [Bearish]. Look for a short limit order entry near this point. Exit price for GCY should be set @$0.402 & short position stoploss for Gascoyne Resources should be set between $0.432 & $0.439

Aroon Oscillator /
Aroon oscillator for Gascoyne Resources has signalled a strong downtrend is active

GCY: Aroon Oscillator Current Signal -> (1) 12 Dec: BEARISH STRONG (2) 11 Dec: BEARISH STRONG (3) 08 Dec: BEARISH STRONG

Bearish trading conditions for Gascoyne Resources has been signalled from the DPO (-0.0237)
Detrended Price Oscillator /
Bearish trading conditions for Gascoyne Resources has been signalled from the DPO (-0.0237)

[BEARISH]: Gascoyne Resources currently has a confirmed downtrend. Price is currently below the displaced moving average for GCYCurrently, the return on DPO20 is -1.2%.

Gascoyne Resources has initiated a positive rate of change of 3.75
Rate of Change /
Gascoyne Resources has initiated a positive rate of change of 3.75

[BULLISH CROSSOVER]: Gascoyne Resources currently has positive rate of change of 3.8%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Sine Weighted Moving Average /
[Bearish]: SWMA(5) is serving as a resistance line for Gascoyne Resources

[BEARISH]: Gascoyne Resources 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 -1.2%.

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