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

GTN Resources
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GTN Resources has moved below the S1 pivot point ($2.446) [Bearish]
Pivot Points /
GTN Resources has moved below the S1 pivot point ($2.446) [Bearish]

GTN Resources current pivot point is: 2.453. The current resistance levels are: (R1) $2.456: (R2) $2.463: (R3) $2.466: The current support levels are: (S1) $2.446: (S2) $2.443: (S3) $2.436

Open/close reversal: Sellers were in control for all the trading day for GTN
Open Tod Vs Close Tod /
Open/close reversal: Sellers were in control for all the trading day for GTN

[BEARISH STRONG]: GTN Resources opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day. Over the last 12 months there has been 58 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 22.8%. Over the last month there has been 5 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 45.5%.

Percentage Price /
PPO continues to signal a continuation of downward price fall for GTN Resources

[BEARISH]: GTN Resources currently has negative PPO -1.600%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Elders Force Index /
Elders Force Index (-3269) has signalled bearish conditions in recent trading for GTN

[BEARISH]: GTN Resources current price has highlighted recent selling pressure. Currently, the Elders Force Index is -3269.

Exponential Moving Average /
[Bearish]: Trend following indicator for GTN highlights downward price direction is likely

[BEARISH]: GTN 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 -0.4%.

Black Marubozu /
GTN Basic Candle: Black Marubozu

[BEARISH]: GTN Resources has formed a Black Marubozu candlestick. This means, GTN has received strong selling confidence and downward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

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High Price /
GTN Resources: Daily high performance is 0 % [Uptrend]

GTN: HIGH Current Signal -> (1) 16 Feb: NEUTRAL (2) 15 Feb: BEARISH (3) 14 Feb: BEARISH

GTN: Average Directional Index has confirmed a weak trend @15.03
Average Directional Movement /
GTN: Average Directional Index has confirmed a weak trend @15.03

[Weak Trend]: ADX for GTN has confirmed a weak trend is presentGTN Resources has an ATR(14) of 0.068, a DX of 1.56 & an ADX(14) of 15.03

Ulcer index has increased as the price has fallen for GTN Resources
Ulcer Index /
Ulcer index has increased as the price has fallen for GTN Resources

[BULLISH]: GTN Resources UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 8.19.

Weighted Moving Average /
The WMA trend following signal is still current for GTN Resources [Bearish]

[BEARISH]: GTN 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 -0.4%.

Detrended Price Oscillator /
GTN Resources: Detrended Price Oscillator(20) (-0.235)

[BEARISH]: GTN Resources currently has a confirmed downtrend. Price is currently below the displaced moving average for GTNCurrently, the return on DPO20 is -0.4%.

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

[BEARISH]: GTN Resources current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.48. The bearish signal has been active for 1 day. During the quarter, the lowest CMF value was -0.79

Volume for GTN Resources is now gaining momentum @54.7)
Percentage Volume /
Volume for GTN Resources is now gaining momentum @54.7)

[BULLISH CROSSOVER]: GTN Resources currently has positive PVO 54.7%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 0%.

GTN Resources: Momentum(5)
Momentum /
GTN Resources: Momentum(5)

GTN: MOM Current Signal -> (1) 16 Feb: BEARISH (2) 15 Feb: BEARISH CROSSOVER (3) 14 Feb: BEARISH CROSSOVER

Medium Trend /
GTN Resources has maintained the 2nd timeframe trend [Uptrend]

[BULLISH]: GTN Resources has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Feb 12 2018.

On Balance Volume /
Confirmation of GTN Resources is currently being distributed via OBV

GTN: OBV Current Signal ->(1) 16 Feb: BEARISH (2) 15 Feb: BEARISH (3) 14 Feb: BEARISH

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

[BEARISH]: GTN ResourcesElder Ray Index is signalling a Bearish movementERI is -0.091 indicating bear power. Prices are being driven below the consensus of value for GTN during the last trading session [Selling Pressure]

The Volume MACD for GTN is gaining momentum through a rise on the short term EMA
MACD Volume /
The Volume MACD for GTN is gaining momentum through a rise on the short term EMA

[BULLISH CROSSOVER]: GTN Resources currently has positive Volume MACD of 78197. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

GTN Resources: Average True Range (0.068) has confirmed an downtrend is present
Average True Range /
GTN Resources: Average True Range (0.068) has confirmed an downtrend is present

[Bearish]: Average True Range has confirmed an downtrend is present. GTN Resources has a TR of 0.01, and an ATR(14) of 0.068.

The MACD continues to fall below the signal line for GTN [Bearish]
MACD /
The MACD continues to fall below the signal line for GTN [Bearish]

GTN: MACD Current Signal -> (1) 16 Feb: BEARISH (2) 15 Feb: BEARISH (3) 14 Feb: BEARISH

Opening Price /
Strong opening from GTN has seen an increase of 0 % [Uptrend]

GTN: OPEN Current Signal -> (1) 16 Feb: NEUTRAL (2) 15 Feb: BEARISH (3) 14 Feb: BEARISH

Close Tod Vs Range Tod /
This is the first day of seller commitment for GTN Resources adding strength to an downtrend in the first timeframe

GTN: Close versus price range Current Signal ->(1) 16 Feb: BEARISH (2) 15 Feb: BULLISH (3) 14 Feb: BEARISH

Low Price /
GTN Resources has reached a new low of $2.45 (0 %)

GTN: LOW Current Signal -> (1) 16 Feb: NEUTRAL (2) 15 Feb: BEARISH (3) 14 Feb: BEARISH

Williams %R /
William %R for GTN is still below the oversold limit signalling a bullish movement

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

[Bullish]: Range has increased for GTN during the last trading session
Price Range /
[Bullish]: Range has increased for GTN during the last trading session

GTN: Price Range Current Signal -> (1) 16 Feb: NEUTRAL (2) 15 Feb: BEARISH (3) 14 Feb: BEARISH

GTN Resources: Bear Belt-Hold
Bear Belt-Hold /
GTN Resources: Bear Belt-Hold

[BEARISH]: GTN Resources has formed a new Bear Belt-Hold reversal pattern.

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

GTN: SWMA Current Signal -> (1) 16 Feb: BULLISH (2) 15 Feb: BULLISH (3) 14 Feb: BULLISH

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