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

Graincorp
+ Share

Graincorp has moved above the R1 DeMark pivot point ($8.8425) [Bullish]
Demarks Pivot Points /
Graincorp has moved above the R1 DeMark pivot point ($8.8425) [Bullish]

Graincorp current pivot point (DeMark) is: (R1) $8.895. The current pivot point (DeMark) is: (S1) $8.805.

Graincorp is no longer overbought [Neutral]
Williams %R /
Graincorp is no longer overbought [Neutral]

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

Ease of Movement /
Price spike from high volume trading for Graincorp during last trading session

GNC: EOM Current Signal -> (1) 19 Apr: BULLISH HARD (2) 18 Apr: BEARISH HARD (3) 17 Apr: BULLISH HARD

Opening Price /
Recent trading for Graincorp has opened 0.2000000000000000 % lower than previous session

[BEARISH]: Graincorp opening price has gapped down. Currently, the OPEN is $8.8 (0.2000000000000000 %).

Accumulation / Distribution /
GNC: Current trading activity signals accumulation is active

GNC: ADLINE Current Signal -> (1) 19 Apr: BULLISH (2) 18 Apr: BULLISH (3) 17 Apr: BULLISH

Close Tod Vs Close Yest /
Buyers continue to be keener than sellers for Graincorp & are driving the price up.

GNC: Recent performance signals ->(1) 19 Apr: BULLISH (2) 18 Apr: BULLISH (3) 17 Apr: NEUTRAL

Top companies for
Australian Stock Exchange
Advertisment
MACD Volume /
The Volume MACD for GNC is gaining momentum through a rise on the short term EMA

[BULLISH CROSSOVER]: Graincorp currently has positive Volume MACD of 22558. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Graincorp: 2nd timeframe trend Uptrend remains intact
Medium Trend /
Graincorp: 2nd timeframe trend Uptrend remains intact

GNC: Medium Term Recent Trading -> (1) 19 Apr: Uptrend (2) 18 Apr: Uptrend (3) 17 Apr: Uptrend

Graincorp currently has positive rate of change for 4.132
Rate of Change /
Graincorp currently has positive rate of change for 4.132

[BULLISH]: Graincorp currently has positive rate of change of 4.1%. 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

Stochastic Oscillator /
Stochastic overbought signal has just been neutralized for Graincorp

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

Money Flow Index /
Buying pressure has led to a continued price extreme (overbought) for Graincorp

GNC: MFI Current Signal -> (1) 19 Apr: BULLISH (2) 18 Apr: BULLISH (3) 17 Apr: BULLISH

Commodity Channel Index /
Potential CCI trend reversal has been identified with Graincorp

[BEARISH]: Graincorp current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 125. The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 152.

Expanding price range for GNC signalling buyers are now becoming more eager
Range Tod Vs Range Yest /
Expanding price range for GNC signalling buyers are now becoming more eager

[BULLISH]: Graincorpbuyers are increasingly eager. This is the first day buyers have increased eagerness for GNC adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.52. & the greatest daily price range this year has been $1.71. The price range ratio this week versus the quarterly price range is 0.4x & the price range ratio this month versus the year to date price range is 0.3x.

Price & volume confirms continued buying pressure for Graincorp is likely
Elders Force Index /
Price & volume confirms continued buying pressure for Graincorp is likely

[BULLISH]: Graincorp current price has highlighted recent buying pressure. Currently, the Elders Force Index is 34001.

Average True Range /
GNC: Average True Range has confirmed an downtrend @0.131

[Bearish]: Average True Range has confirmed an downtrend is present. Graincorp has a TR of 0.09, and an ATR(14) of 0.131.

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

Graincorp current pivot point is: 8.83. The current resistance levels are: (R1) $8.87: (R2) $8.92: (R3) $8.96: The current support levels are: (S1) $8.78: (S2) $8.74: (S3) $8.69

Short Trend /
Daily trading produced an Uptrend bar for Graincorp

[BULLISH]: Graincorp is in an uptrend in the short term timeframe. The buyers have dominated the daily trade, however further confirmation is required before taking a position.

Graincorp has moved above the R1 Woodie pivot point ($8.866) [Bullish]
Woodie Pivot Point /
Graincorp has moved above the R1 Woodie pivot point ($8.866) [Bullish]

Graincorp has broken the first Woodie resistance point ($8.866) [Bullish]. Look for a long limit order entry near this point. Exit price for GNC should be set @$8.918 & Stoploss for Graincorp should be set at $8.738

Graincorp: Daily closing price is $8.82 [Bullish]
Closing Price /
Graincorp: Daily closing price is $8.82 [Bullish]

[BULLISH]: Graincorp current uptrend in the first timeframe. Currently, the Close is $8.82.

Graincorp is in a short term uptrend with the support price @$8.719
Triangular Moving Average /
Graincorp is in a short term uptrend with the support price @$8.719

[BULLISH]: Graincorp 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 0.1%.

White Candle /
GNC Basic Candle: White

[BULLISH]: Graincorp has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Two White Soldiers /
Graincorp: Two White Soldiers

[BULLISH]: Graincorp has formed a new Two White Soldiers pattern.

Coles Reaction Day /
Graincorp: Coles Rally Day has been confirmed

Graincorp: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for GNC

Sine Weighted Moving Average /
Graincorp is in a short term uptrend with the support price @$8.786

GNC: SWMA Current Signal -> (1) 19 Apr: BEARISH (2) 18 Apr: BEARISH (3) 17 Apr: BEARISH

Graincorp: Buyers have lost commitment.
Open Tod Vs Close Tod /
Graincorp: Buyers have lost commitment.

[BULLISH WEAK]: Graincorp opened in the lower part of daily range at 11.1% & closed in the middle part of the trading range at 33.3%. This suggests the buyers have lost commitment. Over the last 12 months there has been 27 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 10.3%. Over the last month there has been 3 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 21.4%.

Relative Strength overbought signal has just been neutralized for Graincorp
Relative Strength Index /
Relative Strength overbought signal has just been neutralized for Graincorp

[BEARISH]: Graincorp is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @87.1445

Percentage Price /
PPO: The shorter moving average for GNCis still above the longer term moving average

[BULLISH]: Graincorp currently has positive PPO 2.100%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

See More   See more results
Advertisment
Advertisment
back to top