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

Graincorp
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GNC: Price continues to move above the EMA(5) @$7.47375
Exponential Moving Average /
GNC: Price continues to move above the EMA(5) @$7.47375

GNC: EMA(5) Current Signal -> (1) 16 Feb: BEARISH (2) 15 Feb: BEARISH (3) 14 Feb: BEARISH

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

GNC: VOLUME Current Signal -> (1) 16 Feb: BEARISH (2) 15 Feb: BULLISH (3) 14 Feb: BEARISH

Short Black Candle /
GNC Basic Candle: Short Black

[BEARISH]: Graincorp has formed a Short Black candlestick. This means, GNC has limited price movement derived from weak selling pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Medium Trend /
GNC: Medium term trend is still an Downtrend

[BEARISH]: Graincorp has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Feb 13 2018.

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

[BEARISH]: Graincorpsellers are keener than buyers and are driving the price down. This is the first day of price decline for GNC adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -2.8 & the greatest daily negative change this year has been -2.8. The longest consecutive downswing rally over the last 12 months has been 7 days giving a total rally downward movement of -7.3%. This quarter, the largest downswing rally has been 4 days giving a total rally downward movement of -5.7%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 0.8x. Over the last month the average daily downward movement has been -1.4%

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Ulcer Index /
Graincorp: Ulcer Index 5.035 [High Stress]

GNC: UIX Current Signal -> (1) 16 Feb: High stress (2) 15 Feb: High stress (3) 14 Feb: High stress

Recent trading for Graincorp fell short of the previous close by -1 %
Closing Price /
Recent trading for Graincorp fell short of the previous close by -1 %

[BEARISH]: Graincorp current downtrend in the first timeframe. Currently, the Close is $7.56.

The SWMA trend following signal is still current for Graincorp [Bullish]
Sine Weighted Moving Average /
The SWMA trend following signal is still current for Graincorp [Bullish]

[BULLISH]: Graincorp currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -1%.

Fibonacci Extensions /
Stoploss for Graincorp should be set at $3.96

Graincorp has moved above the 161.8% level ($3.66) [Bearish]. Look for a short limit order entry near this point. Exit price for GNC should be set @$3.36 & short position stoploss for Graincorp should be set at $3.96

MACD /
MACD oscillator remains positive for GNC

[BULLISH]: Graincorp currently has positive MACD of 0.045000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 3.1%.

Open Tod Vs Close Tod /
Open/close reversal: Sellers have lost control during the trading day for GNC

GNC: Open today versus close yesterday Current Signal ->(1) 16 Feb: BULLISH (2) 15 Feb: BULLISH STRONG (3) 14 Feb: BULLISH STRONG

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

GNC: PPO Current Signal -> (1) 16 Feb: BEARISH (2) 15 Feb: BEARISH (3) 14 Feb: BEARISH

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

[BEARISH]: Graincorp has a current ARO(25) of -88. This has change 8 points from yesterday.

Woodie Pivot Point /
Woodie pivot point for GNC is bearish. Stoploss should be positioned @$7.747

Graincorp has broken the first Woodie support point ($7.444) [Bearish]. Look for a short limit order entry near this point. Exit price for GNC should be set @$7.287 & short position stoploss for Graincorp should be set at $7.747

Demarks Pivot Points /
Limit order for a long position has been identified for Graincorp [Bullish]

Graincorp has broken the first DeMark resistance point ($7.4675) [Bullish]. Look for a long limit order entry near this point. Exit price for GNC should be set @$7.575 & Stoploss for Graincorp should be set at $7.345

Accumulation / Distribution /
Distribution signal for Graincorp is confirmed

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

Closing price ($7.56) for GNC is still below the Lower Envelope Band
Moving Average Envelope /
Closing price ($7.56) for GNC is still below the Lower Envelope Band

[BULLISH]: Graincorp current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 7.2390.

Graincorp currently has positive volume rate of change for 87
Volume Rate of Change /
Graincorp currently has positive volume rate of change for 87

[BULLISH]: Graincorp currently has positive volume of change of 87%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -1%.

Positive momentum for GNC is a leading indicator for continued price rise
Momentum /
Positive momentum for GNC is a leading indicator for continued price rise

[BULLISH]: Graincorp currently has positive momentum of 0.24. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -1%. The largest upward momentum rally for the last 3 months is 2 days producing a return of 0%%.

MACD Volume /
Volume MACD for Graincorp continues to gain momentum @54739)

[BULLISH]: Graincorp currently has positive Volume MACD of 54739. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Opening Price /
Recent trading for Graincorp has opened 4 % lower than previous session

[BEARISH]: Graincorp opening price has gapped down. Currently, the OPEN is $7.57 (4 %).

Elders Force Index /
Elders Force Index (77308) has signalled bullish conditions in recent trading for GNC

[BULLISH]: Graincorp current price has highlighted recent buying pressure. Currently, the Elders Force Index is 77308.

Daily Volume Index /
Traders are currently accumulating Graincorp

[BULLISH]: Graincorp current accumulation has given strength to the share price and the continuation of bullish trading conditions.

CMF Crossover from increased buying pressure for Graincorp
Chaikin Money Flow /
CMF Crossover from increased buying pressure for Graincorp

[BULLISH CROSSOVER]: Graincorp current price has highlighted recent buying pressure and the start of a bullish trading conditions. Currently, the CMF is 0.07. During the quarter, the highest CMF value was 0.14

Daily trading has increased the bull power to drive prices for Graincorp
Elder Ray Index /
Daily trading has increased the bull power to drive prices for Graincorp

[BULLISH]: GraincorpElder Ray Index is signalling a Bullish movementERI is 0.133 indicating bull power. Prices are being driven above the consensus of value for GNC during the last trading session [Buying Pressure]

Ease of Movement /
Ease of Movement for Graincorpis 0.736 [Difficult to Move]

[BULLISH]: Graincorp current price have moved upwards on high volume. Currently, the Ease of Movement is 0.736

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