Goodman (GMG)

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Goodman (GMG): Signals

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TECHNICAL ANALYSIS SUMMARY

Goodman (GMG.AX)


Indicator:

COMMODITY CHANNEL INDEX


Last Signal:

BULLISH


Trading: HOLD @ $13.32
Signal Strength: MEDIUM
Recommendation:

Goodman (ASX:GMG) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is 77. The bullish signal has been active for 0 day. During the quarter, the lowest CCI value was -102.


Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short/medium term timeframe, but the best results are obtained with larger cyclical swings in-line with the trend direction. This accumulation / distribution oscillator can provide guidance on the money flow direction from the companies recent trading.


The Commodity Channel Index indicator takes a security’s change in price and compares that to its average change in price. CCIs calculation produces positive and negative values that oscillate above and below a Zero Line. Typically a value of 100 is identified as overbought and a reading of -100 is identified as being oversold.

Calculation: 20 Period CCI:
1) CCI = (Typical Price - 20 Period SMA of TP) / (.015 x Mean Deviation);
2) Typical Price (TP) = (High + Low + Close)/3;


PROFILE: Goodman (GMG.AX)


Stock Exchange: ASX
Company: Goodman
Ticker Codes: | GMG.AX | ASX:GMG |

About Goodman (ASX:GMG):

Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe, the United Kingdom, North America and Brazil. Goodman Group, comprised of the stapled entities Goodman Limited, Goodman Industrial Trust and Goodman Logistics (HK) Limited, is the largest industrial property group listed on the Australian Securities Exchange and one of the largest listed specialist investment managers of industrial property and business space globally. Goodman's global property expertise, integrated own+develop+manage customer service offering and significant investment management platform ensures it creates innovative property solutions that meet the individual requirements of its customers, while seeking to deliver long-term returns for investors.

Top 10:

Commodity Channel Index

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Company Close Change (%) Volume Value Signal
ISX Isignthis 0.28 7.7 2,060,941 88 BULLISH
GBT Gbst Holdings 2.03 7.4 92,287 231 BULLISH
MSB Mesoblast 1.48 5.7 2,811,226 369 BULLISH
GOR Gold Road Resources 0.95 5 3,711,948 142 BULLISH
RMS Ramelius Resources 0.78 4.7 12,120,343 181 BULLISH
EHE Estia Health 2.61 4.4 2,092,756 209 BULLISH
TPM Tpg Telecom 7.14 4.4 1,824,649 202 BULLISH
NMT Neometals 0.24 4.3 802,800 56 BULLISH
GNE Genesis Energy 2.88 3.6 21,465 165 BULLISH
MGX Mount Gibson Iron 0.91 3.4 4,434,513 139 BULLISH
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