Technical analysis from Goodman Property (GMT.NZ, NZE:GMT) on the New Zealand Stock Exchange (NZX). Download the latest price data & trading signals

Goodman Property
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Positive momentum on the volume MACD histogram for GMT is maintained & supports a bullish move is likely
MACD Volume /
Positive momentum on the volume MACD histogram for GMT is maintained & supports a bullish move is likely

GMT: Volume MACD Current Signal -> (1) 20 Oct: BULLISH (2) 19 Oct: BULLISH (3) 18 Oct: BULLISH

Envelope bands Oversold signal is still current for Goodman Property [Bullish]
Moving Average Envelope /
Envelope bands Oversold signal is still current for Goodman Property [Bullish]

[BULLISH]: Goodman Property current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 1.2350.

TRADE /
Goodman Property: Market Cap ($1.71B)

Goodman Property key financial metrics: (1) MCAP: $1.71B (2) Shares: 1280222000 (3) Free Float: 1001556000

Bear Harami /
Goodman Property: Bear Harami

[BEARISH]: Goodman Property has formed a new Bear Harami reversal pattern.

Percentage Volume /
Positive momentum on volume for GMT is maintained & supports a bullish move is likely

[BULLISH]: Goodman Property currently has positive PVO 22.2%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 1.1%.

Pivot Points /
Goodman Property has broken the first support point ($1.325) [Bearish]

Goodman Property has broken the first support point ($1.325) [Bearish]. Look for a short limit order entry near this point. Exit price for GMT should be set @$1.315 & short position stoploss for Goodman Property should be set between $1.345 & $1.355

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Weighted Moving Average /
GMT: Price continues to move above the WMA(5) @$1.332

[BULLISH]: Goodman Property currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0%.

Triangular Moving Average /
Triangular Moving Average(5) signal continues for Goodman Property indicating upward price movement is likely

[BULLISH]: Goodman Property 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%.

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[Bullish]: Goodman Property has beaten previous close by 0 %
Closing Price /
[Bullish]: Goodman Property has beaten previous close by 0 %

GMT: CLOSE Recent Trading -> (1) 20 Oct: 1.335 (2) 19 Oct: 1.335 (3) 18 Oct: 1.325

Sine Weighted Moving Average(5) signal continues for Goodman Property indicating upward price movement is likely
Sine Weighted Moving Average /
Sine Weighted Moving Average(5) signal continues for Goodman Property indicating upward price movement is likely

[BULLISH]: Goodman Property 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 0%.

Ulcer Index /
Ulcer index has fallen as the price rises for Goodman Property

[BEARISH]: Goodman Property UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 0.245.

GROWTH /
Goodman Property: Book value is $1.308

Goodman Property Key financial metrics: (1) Book Value: $1.308 (2) Market-to-Book ratio: 1.021 (3) PEG Ratio: 7.994

Close Tod Vs Range Tod /
The daily battle of control for Goodman Property was won again by the buyers

[BULLISH]: Goodman Property buyers are in control at the market close. There has been 2 consecutive days of prices closing in the upper part of the trading range for Goodman Property 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 239 trading days with the closing price in the upper part of the range giving a confirmation ratio of 90.9%. Over the last month there has been 7 trading days with the closing price in the upper range giving a confirmation ratio of 46.7%. Currently this quarter, closing price has spent 7 days in the upper price range compared to 2 days in the lower range giving a ratio of 3.5x.

Price is currently above the displaced moving average for GMT [Bullish]
Detrended Price Oscillator /
Price is currently above the displaced moving average for GMT [Bullish]

[BULLISH]: Goodman Property currently has a confirmed uptrend. Price is currently above the displaced moving average for GMTCurrently, the return on DPO20 is 0%.

Goodman Property: Daily opening performance is 0 % [Downntrend]
Opening Price /
Goodman Property: Daily opening performance is 0 % [Downntrend]

[BEARISH]: Goodman Property opening price has gapped down. Currently, the OPEN is $1.325 (0 %).

Exponential Moving Average /
Price continues to trade above the Exponential Moving Average(5) for GMT

[BULLISH]: Goodman Property currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 0%.

Open Tod Vs Close Tod /
Goodman Property opened in the middle part of daily range at 33.3% & closed in the upper part of the trading range at 100%. This suggests the buyers have taken control.

[BULLISH]: Goodman Property opened in the middle part of daily range at 33.3% & closed in the upper part of the trading range at 100%. This suggests the buyers have taken control. Over the last 12 months there has been 28 trading days with the opening price in the middle shadow & the closing the price in the upper shadow giving a confirmation ratio of 10.6%. Over the last month there has been 1 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 6.7%.

Commodity Channel Index /
Normal trading conditions are continued for GMT

[NEUTRAL]: Goodman Property current trading has closed out Commodity Channel Index to overbought status and signalled the initiation of normal trading conditions. Currently, the CCI is 89. The previous bearish signal was active for 1 day. During the quarter, the highest CCI value was 244.

Price dipped from high volume trading for Goodman Property during last trading session
Ease of Movement /
Price dipped from high volume trading for Goodman Property during last trading session

GMT: EOM Current Signal -> (1) 20 Oct: BEARISH HARD (2) 19 Oct: BULLISH HARD (3) 18 Oct: BEARISH HARD

Goodman Property has initiated a positive volume rate of change of 225
Volume Rate of Change /
Goodman Property has initiated a positive volume rate of change of 225

[BULLISH CROSSOVER]: Goodman Property currently has positive volume of change of 225%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 0%.

Goodman Property has broken below the 161.8% extension level ($6.37) [Bullish]
Fibonacci Extensions /
Goodman Property has broken below the 161.8% extension level ($6.37) [Bullish]

Goodman Property has moved below the 161.8% level ($6.37) [Bullish]. Look for a long limit order entry near this point. Exit price for GMT should be set @$6.18 & Stoploss for Goodman Property should be set at $6.56

Williams %R /
William %R overbought signal had been cancelled for Goodman Property

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

Low Price /
[Bearish]: Goodman Property has failed beat previous low by -0.4 %

GMT: LOW Current Signal -> (1) 20 Oct: BEARISH (2) 19 Oct: BULLISH (3) 18 Oct: BEARISH

Two White Soldiers /
Goodman Property: Two White Soldiers

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

Demarks Pivot Points /
Goodman Property: Look for a long limit order entry @$1.33125

Goodman Property has broken the first DeMark resistance point ($1.33125) [Bullish]. Look for a long limit order entry near this point. Exit price for GMT should be set @$1.343 & Stoploss for Goodman Property should be set at $1.328

Goodman Property: Daily volume is 2.4673e+006 [Higher Volume]
Volume /
Goodman Property: Daily volume is 2.4673e+006 [Higher Volume]

[BULLISH]: Goodman Property current volume uptrend in the first timeframe. Volume for GMT is2.4673e+006 (409.3).

Goodman Property: Accumulation Distribution Line (1.14966e+007)
Accumulation / Distribution /
Goodman Property: Accumulation Distribution Line (1.14966e+007)

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

PROFIT /
GMT: Revenue is $172.60M

Goodman Property Key financial metrics: (1) Revenue: $172.60M (2) EBITDA: $0.00 (3) Price-Sales ratio: 9.902

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