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

Galaxy Resources
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Galaxy Resources: Three White Soldiers
Three White Soldiers /
Galaxy Resources: Three White Soldiers

[BULLISH]: Galaxy Resources has formed a new Three White Soldiers pattern.

Stochastic Oscillator (78.9000) for GXY is now above the overbought limit
Stochastic Oscillator /
Stochastic Oscillator (78.9000) for GXY is now above the overbought limit

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

Ulcer Index /
Ulcer index has increased in stress level & high drawdown is expected for Galaxy Resources

GXY: UIX Current Signal -> (1) 20 Apr: High stress (2) 19 Apr: High stress (3) 18 Apr: High stress

Rate of Change /
Positive ROC confirmation for GXY is a leading indicator for continued price rise

[BULLISH CROSSOVER]: Galaxy Resources currently has positive rate of change of 2.4000%. 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

MACD Volume /
Volume MACD oscillator remains positive for GXY

[BULLISH]: Galaxy Resources currently has positive Volume MACD of 518844.0000. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Close Tod Vs Range Tod /
Trading for Galaxy Resources highlights the commitment of buyers to carry positions overnight.

[BULLISH]: Galaxy Resources buyers are in control at the market close. This is the first day of buyer commitment for Galaxy Resources adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 75 trading days with the closing price in the upper part of the range giving a confirmation ratio of 28.5%. Over the last month there has been 5 trading days with the closing price in the upper range giving a confirmation ratio of 33.3%. Currently this quarter, closing price has spent 5 days in the upper price range compared to 7 days in the lower range giving a ratio of 0.7x.

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Opening Price /
Recent trading for Galaxy Resources has opened 2.1000000000000000 % higher than previous session

[BULLISH]: Galaxy Resources opening price has gapped up. Currently, the OPEN is $2.96 (2.1000000000000000 %).

Galaxy Resources opened in the middle part of daily range at 38.500000000000000% & closed in the upper part of the trading range at 92.300000000000000%. This suggests the buyers have taken control.
Open Tod Vs Close Tod /
Galaxy Resources opened in the middle part of daily range at 38.500000000000000% & closed in the upper part of the trading range at 92.300000000000000%. This suggests the buyers have taken control.

[BULLISH]: Galaxy Resources opened in the middle part of daily range at 38.500000000000000% & closed in the upper part of the trading range at 92.300000000000000%. This suggests the buyers have taken control. Over the last 12 months there has been 20 trading days with the opening price in the middle shadow & the closing the price in the upper shadow giving a confirmation ratio of 7.6%. Over the last month there has been 3 trading days with the opening price in the middle price range & the closing the price in the upper price range giving a confirmation ratio of 20%.

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

[BEARISH]: Galaxy Resources currently has negative PPO -2.6000%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Detrended Price Oscillator /
Galaxy Resources: Detrended Price Oscillator(20) is -0.1610

[BEARISH]: Galaxy Resources currently has a confirmed downtrend. Price is currently below the displaced moving average for GXYCurrently, the return on DPO20 is 3.1%.

Bill Williams Market Facilitation /
Market movement continuation likely for GXY as a result of Fake Day

Galaxy Resources Currently is a confirmed Fake Day. MFI indicator is up, volume is down for GXY. Trend continuation possible for GXY from reduced trading activity.

Long Trend /
GXY: Long term trend is still an Uptrend

[BULLISH]: Galaxy Resources has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Mar 15 2018.

Distribution signal for Galaxy Resources is confirmed
Accumulation / Distribution /
Distribution signal for Galaxy Resources is confirmed

[BEARISH]: Galaxy Resources current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -10304349.0000. day.

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

GXY: WMA Current Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: BEARISH (3) 18 Apr: BEARISH CROSSOVER

Coles Reaction Day /
GXY: Short term trend has confirmed a rally day

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

Simple Moving Average /
Galaxy Resources is in a short term uptrend with the support price @$2.9060

[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 3.1%.

On Balance Volume /
Traders are currently accumulating Galaxy Resources

[BULLISH]: Galaxy Resources current price has highlighted recent accumulation. Currently, the OBV is 18438612.0000.

[Long]: Exit price for GXY should be set @$3.1230
Pivot Points /
[Long]: Exit price for GXY should be set @$3.1230

Galaxy Resources has broken the first resistance point ($3.0760) [Bullish]. Look for a long limit order entry near this point. Exit price for GXY should be set @$3.1230 & Stoploss for Galaxy Resources should be set between $2.8630 & $2.8160

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

GXY: EMA(5) Current Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: BEARISH (3) 18 Apr: BULLISH

Closing price for GXY is still below the lower envelope signalling a bullish movement
Moving Average Envelope /
Closing price for GXY is still below the lower envelope signalling a bullish movement

[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 2.8880.

Chaikin Money Flow /
CMF has negative divergence between price and volume

[BEARISH]: Galaxy Resources current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.25. GXY received a confirmed CMF crossover days on the Apr 12 2018.The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.37 occurring on the Apr 12 2018.

Price Range /
Galaxy Resources: Daily price range is $0.1300 [Uptrend]

GXY: Price Range Current Signal -> (1) 20 Apr: NEUTRAL (2) 19 Apr: BEARISH (3) 18 Apr: NEUTRAL

Woodie Pivot Point /
Galaxy Resources has broken the first Woodie resistance point ($3.0960) [Bullish]

Galaxy Resources current pivot point (Woodie) is: $3.0030. The current resistance levels are: (R1) $3.0960: (R2) $3.1330The current support levels are: (S1) $2.9660: (S2) $2.8730

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

GXY: SWMA Recent Trading -> (1) 20 Apr: 2.894 (2) 19 Apr: 2.871 (3) 18 Apr: 2.880

Low for GXY has surpassed the low of the previous trading session
Low Price /
Low for GXY has surpassed the low of the previous trading session

GXY: LOW Recent Trading -> (1) 20 Apr: 2.9100 (2) 19 Apr: 2.8900 (3) 18 Apr: 2.7300

Galaxy Resources: Look for a short limit order entry @$2.0700
Fibonacci Extensions /
Galaxy Resources: Look for a short limit order entry @$2.0700

Galaxy Resources: The current Fibonacci Extension levels are: (23.61%) $2.8800: (38.2%) $2.9700: (50%) $3.0500: (61.8%) $3.1300The current support levels are: (78.6%) $3.2300: (100%) $3.3700: (138.2%) $3.6100: (161.8%) $3.7700: (261.8%) $4.4100: (423.61%) $5.4400

Momentum /
Galaxy Resources has initiated a positive momentum of 0.1200

[BULLISH CROSSOVER]: Galaxy Resources currently has positive momentum of 0.1200. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 3.1000%. The largest upward momentum rally for the last 3 months is 5 days producing a return of 1.3%%.

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