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

Goodman
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Ulcer index has fallen as the price rises for Goodman
Ulcer Index /
Ulcer index has fallen as the price rises for Goodman

GMG: UIX Current Signal -> (1) 11 Jan: Low stress (2) 11 Jan: Low stress (3) 11 Jan: High stress

Goodman : Sellers were in control all day.
Open Tod Vs Close Tod /
Goodman : Sellers were in control all day.

[BEARISH STRONG]: Goodman opened in the upper part of daily range at 72.4% & closed in the lower part of the trading range at 24.1%. This suggests the sellers were in control all day. Over the last 12 months there has been 45 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 17.2%. Over the last month there has been 3 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 37.5%.

Low Price /
Goodman : Daily low price is $8.095 [Lower low]

[BULLISH]: Goodman current downtrend in the first timeframe. Currently, the Low is $8.095 (-1 %).

Bull Harami /
Goodman : Bull Harami

[BULLISH]: Goodman has formed a new Bull Harami reversal pattern.

Weighted Moving Average /
Goodman is in a short term downtrend with the resistance price @$8.256

[BEARISH]: Goodman 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 -0.7%.

Sine Weighted Moving Average /
[Downtrend]: Recent trading for GMG indicates ST trend is likely to continue

GMG: SWMA Current Signal -> (1) 11 Jan: BULLISH CROSSOVER (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: BULLISH

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Opening Price /
[Bullish]: Opening performance for GMG of -2.4 % was achieved in last trading session

[BULLISH]: Goodman opening price has gapped up. Currently, the OPEN is $8.2 (-2.4 %).

[Downtrend]: Recent trading for GMG indicates ST trend is likely to continue
Exponential Moving Average /
[Downtrend]: Recent trading for GMG indicates ST trend is likely to continue

[BEARISH]: Goodman 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 -0.7%.

Goodman : Daily Downtrend remains intact
Short Trend /
Goodman : Daily Downtrend remains intact

[BEARISH]: Goodman is in a downtrend in the short term timeframe. The current rally number is 2 & the highest rally count for the LTM is 5

Volume Rate of Change /
Positive VROC confirmation for GMG is a leading indicator for continued price rise

[BULLISH CROSSOVER]: Goodman currently has positive volume of change of 25%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -0.7%.

Simple Moving Average /
[Downtrend]: Recent trading for GMG indicates ST trend is likely to continue

[BULLISH]: Goodman currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.7%.

Percentage Volume /
GMG: Percentage Volume Oscillator [Bullish Crossover]

GMG: PVO Current Signal -> (1) 11 Jan: BULLISH CROSSOVER (2) 11 Jan: BEARISH (3) 11 Jan: BEARISH

GMG Basic Candle: Black
Black Candle /
GMG Basic Candle: Black

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

Goodman  has moved above the R1 pivot point ($8.215) [Bullish]
Pivot Points /
Goodman has moved above the R1 pivot point ($8.215) [Bullish]

Goodman has broken the first resistance point ($8.215) [Bullish]. Look for a long limit order entry near this point. Exit price for GMG should be set @$8.3 & Stoploss for Goodman should be set between $8.01 & $7.925

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

[BULLISH]: Goodman is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Range Tod Vs Range Yest /
Goodman : Range Performance (-34.1)

GMG: Range today versus range yesterday Current Signal ->(1) 11 Jan: BEARISH (2) 11 Jan: BULLISH (3) 11 Jan: BEARISH

Woodie Pivot Point /
Limit order for a long position has been identified for Goodman [Bullish]

Goodman has broken the first Woodie resistance point ($8.203) [Bullish]. Look for a long limit order entry near this point. Exit price for GMG should be set @$8.294 & Stoploss for Goodman should be set at $8.004

[Long]: Exit price for GMG should be set @$44.75
Fibonacci Extensions /
[Long]: Exit price for GMG should be set @$44.75

Goodman has moved below the 161.8% level ($47.25) [Bullish]. Look for a long limit order entry near this point. Exit price for GMG should be set @$44.75 & Stoploss for Goodman should be set at $49.75

Goodman  has broken the first Camarilla resistance point ($8.81) [Bullish]
Camarilla Pivot Points /
Goodman has broken the first Camarilla resistance point ($8.81) [Bullish]

Goodman has broken the first Camarilla resistance point ($8.81) [Bullish]. Look for a long limit order entry near this point. Exit price for GMG should be set @$9.489 & Stoploss for Goodman should be set between $6.771 & $6.091

Negative ROC for Goodman  is a leading indicator for continued price fall
Rate of Change /
Negative ROC for Goodman is a leading indicator for continued price fall

[BEARISH]: Goodman currently has negative rate of change of -8.2%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Momentum /
Momentum(5) is now decreasing for Goodman

[BEARISH CROSSOVER]: Goodman currently has negative momentum of -0.34 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -0.7%.The largest downward momentum rally for the last 3 months is 1 days producing a return of -3.4%%.

Closing Price /
[Bearish]: Goodman has failed to beat previous close by -0.7 %

[BEARISH]: Goodman current downtrend in the first timeframe. Currently, the Close is $8.13.

Triangular Moving Average /
[Bullish]: Trend following indicator for GMG highlights upward price direction is likely

[BEARISH]: Goodman 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 -0.7%.

Elders Force Index /
[Bearish]: Continued selling pressure for Goodman has been confirmed

[BEARISH]: Goodman current price has highlighted recent selling pressure. Currently, the Elders Force Index is -211701.

Recent trading was only supported by high volume for Goodman
Ease of Movement /
Recent trading was only supported by high volume for Goodman

GMG: EOM Current Signal -> (1) 11 Jan: BEARISH HARD (2) 11 Jan: BEARISH HARD (3) 11 Jan: NEUTRAL

GMG has achieved a lower high of $8.24 (-1.9 %)
High Price /
GMG has achieved a lower high of $8.24 (-1.9 %)

[BEARISH]: Goodman current downtrend in the first timeframe. Currently, the HIGH is -1.9 %.

Close Tod Vs Close Yest /
Sellers continue to be keener than buyers for Goodman & are driving the price down.

[BEARISH]: Goodman sellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for GMG adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -2.7 & the greatest daily negative change this year has been -2.7. The longest consecutive downswing rally over the last 12 months has been 6 days giving a total rally downward movement of -5.3%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -3.4%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1.1x. Over the last month the average daily downward movement has been -1.1%

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