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

Galaxy Resources
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Recent trading for GXY has beaten the previous low by 2.0 % [Uptrend]
Low Price /
Recent trading for GXY has beaten the previous low by 2.0 % [Uptrend]

GXY: LOW Current Signal -> (1) 21 Jun: BULLISH (2) 20 Jun: BEARISH (3) 19 Jun: BEARISH

[Uptrend]: The second timeframe trend for Galaxy Resources remains intact
Medium Trend /
[Uptrend]: The second timeframe trend for Galaxy Resources remains intact

GXY: Medium Term Current Signal -> (1) 21 Jun: BULLISH (2) 20 Jun: BULLISH (3) 19 Jun: BULLISH

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

[BEARISH]: Galaxy Resourcessellers are keener than buyers and are driving the price down. This is the first day of price decline for GXY adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -4.7 & the greatest daily negative change this year has been -10.8. The longest consecutive downswing rally over the last 12 months has been 6 days giving a total rally downward movement of -21.4%. This quarter, the largest downswing rally has been 5 days giving a total rally downward movement of -10.7%. 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 0.9x. Over the last month the average daily downward movement has been -2.300000%

Aroon Oscillator /
Recent trading indicates Aroon upward trend direction likely for GXY [Uptrend]

[BULLISH]: Galaxy Resources has a current ARO(25) of 24. This has change 0 points from yesterday.

Short Trend /
Recent trading indicates an upward price direction GXY [Uptrend]

GXY: Daily Trend Current Signal -> (1) 21 Jun: BULLISH CONFIRM (2) 20 Jun: BEARISH (3) 19 Jun: BEARISH

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

[BEARISH STRONG]: Galaxy Resources opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 8.3%. This suggests the sellers were in control all day. Over the last 12 months there has been 62 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 23.6%. 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 35.7%.

Price is currently below the displaced moving average for GXY [Bearish]
Detrended Price Oscillator /
Price is currently below the displaced moving average for GXY [Bearish]

[BEARISH]: Galaxy Resources currently has a confirmed downtrend. Price is currently below the displaced moving average for GXY. Currently, the return on DPO20 is -1.9%.

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

GXY: PPO Current Signal -> (1) 21 Jun: BEARISH (2) 20 Jun: BEARISH CROSSOVER (3) 19 Jun: BEARISH CROSSOVER

The WMA trend following signal is now active for Galaxy Resources [Bearish]
Weighted Moving Average /
The WMA trend following signal is now active for Galaxy Resources [Bearish]

[BEARISH]: Galaxy 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 -1.9%.

The SWMA trend following signal is still current for Galaxy Resources [Bearish]
Sine Weighted Moving Average /
The SWMA trend following signal is still current for Galaxy Resources [Bearish]

[BEARISH]: Galaxy 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 -1.9%.

Volume Rate of Change /
VROC continues to fall for Galaxy Resources signalling an downtrend will persist

[BEARISH]: Galaxy Resources currently has negative rate of change of -68%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -1.9%.

Coles Reaction Day /
Daily trading produced a rally day for Galaxy Resources

Galaxy Resources: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for GXY

Bear Belt-Hold /
Galaxy Resources: Bear Belt-Hold

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

Galaxy Resources: Triangular Moving Average(5) (3.202)
Triangular Moving Average /
Galaxy Resources: Triangular Moving Average(5) (3.202)

[BEARISH]: Galaxy 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 -1.9%.

Galaxy Resources: Volume MACD oscillator (-160617)
MACD Volume /
Galaxy Resources: Volume MACD oscillator (-160617)

[BEARISH]: Galaxy Resources currently has negative Volume MACD of -160617. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Rate of Change /
Galaxy Resources currently has negative rate of change for -12.034

[BEARISH]: Galaxy Resources currently has negative rate of change of -12.034%. 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

Opening Price /
[Bullish]: Galaxy Resources has opened 5.3 % stronger

[BULLISH]: Galaxy Resources opening price has gapped up. Currently, the OPEN is $3.18 (5.3 %).

Volume /
Galaxy Resources: Daily volume performance is 14.0 [Uptrend]

[BULLISH]: Galaxy Resources current volume uptrend in the first timeframe. Volume for GXY is 2.33075e+006 (14.0).

Price & volume confirms continued selling pressure for Galaxy Resources is likely
Elders Force Index /
Price & volume confirms continued selling pressure for Galaxy Resources is likely

[BEARISH]: Galaxy Resources current price has highlighted recent selling pressure. Currently, the Elders Force Index is -117507.

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

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

Galaxy Resources has signalled an ATR trend present [Downtrend]
Average True Range /
Galaxy Resources has signalled an ATR trend present [Downtrend]

[Bearish]: Average True Range has confirmed an downtrend is present. Galaxy Resources has a TR of 0.12, and an ATR(14) of 0.142.

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

[BEARISH]: Galaxy 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 -1.9%.

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

[BEARISH]: Galaxy 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 -1.9%.

Percentage Volume /
Galaxy Resources: Percentage Volume Oscillator (-5.84)

[BEARISH]: Galaxy Resources currently has negative PVO -5.84%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -6.1%.

Moving Average Envelope /
Closing price ($3.07) for GXY is still below the Lower Envelope Band

[BULLISH]: Galaxy 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 3.0685.

Galaxy Resources: Momentum(5)
Momentum /
Galaxy Resources: Momentum(5)

[BEARISH]: Galaxy Resources currently has negative momentum of -0.2 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -1.9%.The largest downward momentum rally for the last 3 months is 12 days producing a return of -14.5%.

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

[BEARISH]: Galaxy Resources Elder Ray Index is signalling a Bearish movementERI is -0.152 indicating bear power. Prices are being driven below the consensus of value for GXY during the last trading session [Selling Pressure]

Ease of Movement /
Price moved on high volume to close higher for the day for GXY [Difficult to Move]

GXY: EOM Current Signal -> (1) 21 Jun: BULLISH HARD (2) 20 Jun: BEARISH HARD (3) 19 Jun: BEARISH HARD

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