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

Gascoyne Resources
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[Bearish]: SWMA(5) is serving as a resistance line for Gascoyne Resources
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 2.0%.

Selling pressure for Gascoyne Resources continues - bearish signal
Chaikin Money Flow /
Selling pressure for Gascoyne Resources continues - bearish signal

[BEARISH]: Gascoyne Resources current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.08. GCY received a confirmed CMF crossover days on the Jun 18 2018. The bearish signal has been active for 3 days. During the quarter, the lowest CMF value was -0.31 occurring on the Jun 18 2018.

Average Directional Movement /
GCY: Average Directional Index has confirmed a weak trend @20.68

[Weak Trend]: ADX for GCY has confirmed a weak trend is present. Gascoyne Resources has an ATR(14) of 0.02, a DX of 41.33 & an ADX(14) of 20.68

Medium Trend /
Gascoyne Resources: 2nd timeframe trend Downtrend remains intact

[BEARISH]: Gascoyne Resources is in an downtrend in the medium term timeframe. The current rally number is 7 & the highest rally count for the LTM is 29. The highest rally for the month is 12

White Opening Marubozu /
GCY Basic Candle: White Opening Marubozu

[BULLISH]: Gascoyne Resources has formed a White Opening Marubozu candlestick. This means, GCY has received strong buying confidence and upward price movement over the trading day with only a small upper shadow present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Bull Belt-Hold /
Gascoyne Resources: Bull Belt-Hold

[BULLISH]: Gascoyne Resources has formed a new Bull Belt-Hold reversal pattern.

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Momentum /
Momentum continues to fall for Gascoyne Resources signalling an downtrend will persist

[BEARISH]: Gascoyne Resources currently has negative momentum of -0.015 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 2%.The largest downward momentum rally for the last 3 months is 12 days producing a return of -12%.

Oversold signal for the Lower Envelope band is still current for Gascoyne Resources
Moving Average Envelope /
Oversold signal for the Lower Envelope band is still current for Gascoyne Resources

[BULLISH]: Gascoyne Resources current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 0.5225.

Stochastic Oscillator for GCY is still below the oversold limit signalling a bullish movement
Stochastic Oscillator /
Stochastic Oscillator for GCY is still below the oversold limit signalling a bullish movement

GCY: Stochastic Oscillator Signal -> (1) 19 Jun: BULLISH (2) 18 Jun: BULLISH (3) 15 Jun: BULLISH

Bollinger Bands /
Gascoyne Resources is no longer oversold [Neutral]

[BEARISH CROSSUNDER]: Gascoyne Resourcesis no longer oversold The current level is 9.32% with a current width of 17.67.

Simple Moving Average /
Price continues to trade below the Simple Moving Average(5) for GCY

[BEARISH]: Gascoyne Resources 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 2.0%.

On Balance Volume /
Traders are currently accumulating Gascoyne Resources

[BULLISH]: Gascoyne Resources current price has highlighted recent accumulation. Currently, the OBV is 1.80644e+006.

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

[BEARISH]: Gascoyne Resources currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 2.0%.

Gascoyne Resources: Sellers are now becoming less eager.
Range Tod Vs Range Yest /
Gascoyne Resources: Sellers are now becoming less eager.

[WEAK BULLISH]: Gascoyne Resources sellers are becoming less eager. This is the first day sellers have decreased eagerness for GCY reducing strength to a downtrend in the first timeframe. The biggest price range this month has been $0.0800 & the greatest daily price range this year has been $0.2050. The price range ratio this week versus the quarterly price range is 0.3x & the price range ratio this month versus the year to date price range is 0.4x.

Daily Volume Index /
Confirmation of Gascoyne Resources is currently being distributed via DVI

[BEARISH]: Gascoyne Resources current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -175.

Close Tod Vs Close Yest /
Buyers are now keener than sellers for Gascoyne Resources & are driving the price up.

[BULLISH]: Gascoyne Resourcesbuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for GCY adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 2.0 & the greatest daily positive change this year has been 12.1. The longest consecutive upswing rally over the last 12 months has been 4 days giving a total rally upward movement of 20.3%. This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 9.4%. The win ratio for price rise 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 upward movement has been 1.900000%

Volume /
Volume for GCY has not surpassed the volume of the previous trading session

[BEARISH]: Gascoyne Resources current volume downtrend in the first timeframe. Volume for GCY is 329481 (-45.1).

The EMA trend following signal is still current for Gascoyne Resources [Bearish]
Exponential Moving Average /
The EMA trend following signal is still current for Gascoyne Resources [Bearish]

[BEARISH]: Gascoyne Resources 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 2.0%.

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

[BEARISH]: Gascoyne Resources Elder Ray Index is signalling a Bearish movementERI is -0.033 indicating bear power. Prices are being driven below the consensus of value for GCY during the last trading session [Selling Pressure]

Gascoyne Resources is in a short term downtrend with the closing price @$0.51
Weighted Moving Average /
Gascoyne Resources is in a short term downtrend with the closing price @$0.51

[BEARISH]: Gascoyne Resources 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 2.0%.

Percentage Volume /
Volume for Gascoyne Resources continues to lose momentum @-14.13)

GCY: PVO Current Signal -> (1) 19 Jun: BEARISH (2) 18 Jun: BEARISH (3) 15 Jun: BEARISH

Detrended Price Oscillator /
Gascoyne Resources: Detrended Price Oscillator(20) is -0.0605

[BEARISH]: Gascoyne Resources currently has a confirmed downtrend. Price is currently below the displaced moving average for GCY. Currently, the return on DPO20 is 2.0%.

Williams %R /
Gascoyne Resources is still oversold with the William %R @-88.2

[BEARISH]: Gascoyne Resources is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Open Tod Vs Close Tod /
Gascoyne Resources opened in the lower part of daily range at 0% & closed in the middle part of the trading range at 66.7%. This suggests the buyers have lost commitment.

[BULLISH WEAK]: Gascoyne Resources opened in the lower part of daily range at 0% & closed in the middle part of the trading range at 66.7%. This suggests the buyers have lost commitment. Over the last 12 months there has been 23 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 8.7%. Over the last month there has been 1 trading days with the opening price in the lower price range & the closing the price in the middle price range giving a confirmation ratio of 8.3%.

[Long]: Limit orders for Gascoyne Resources should be set at $0.516
Pivot Points /
[Long]: Limit orders for Gascoyne Resources should be set at $0.516

Gascoyne Resources has broken the first resistance point ($0.516) [Bullish]. Look for a long limit order entry near this point. Exit price for GCY should be set @$0.523 & Stoploss for Gascoyne Resources should be set between $0.493 & $0.486

VROC continues to rise for Gascoyne Resources signalling an uptrend will persist
Volume Rate of Change /
VROC continues to rise for Gascoyne Resources signalling an uptrend will persist

GCY: VROC Current Signal -> (1) 19 Jun: BULLISH (2) 18 Jun: BULLISH CROSSOVER (3) 15 Jun: BEARISH

Close Tod Vs Range Tod /
Daily trading for GCY indicated buyers are now in control

[BULLISH]: Gascoyne Resources buyers are in control at the market close. This is the first day of buyer commitment for Gascoyne Resources adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 78 trading days with the closing price in the upper part of the range giving a confirmation ratio of 29.7%. Over the last month there has been 4 trading days with the closing price in the upper range giving a confirmation ratio of 33.3%. Currently this quarter, closing price has spent 17 days in the upper price range compared to 22 days in the lower range giving a ratio of 0.8x.

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