General Property Trust (GPT)

Download button icon Download

General Property Trust (GPT): Signals

No data currently available.

data-ad-format="auto">

Explore Compare Share

TECHNICAL ANALYSIS SUMMARY

General Property Trust (GPT.AX)


Indicator:

FIBONACCI FANS


Signal Strength: MEDIUM
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.


General Property Trust (ASX:GPT) : The current Fibonacci Fan levels are:
(23.61%) $8.07
: (38.2%) $7.2
: (50%) $7.1
: (61.8%) $7.01

The current support levels are:
(78.6%) $6.89
(100%) $6.73
(138.2%) $6.43
(161.8%) $6.24
(261.8%) $5.47
(423.61%) $4.23



Fibonacci Fan lines are trend lines based on Fibonacci retracement points. Rising fan lines extend up from a trough and pass through retracement based on the advance (trough to peak). These fan lines can then be used to estimate support levels or potential reversal zones. Falling fan lines extend down from a peak and pass through retracements based on the decline (peak to trough). These fan lines can then be used to estimate resistance levels or potential reversal zones. This article will explain the Fibonacci ratios and provide examples using Fibonacci Fans to project support and resistance.

Calculation: Fibonacci Fans:
1) Uptrend Fan line 1: Drawn from extreme low through 23.6% retracement level on “invisible” vertical line;
a) Fan line 2: Drawn from extreme low through 38.2% retracement level on “invisible” vertical line;
b) Fan line 3: Drawn from extreme low through 50% retracement level on “invisible” vertical line Fan line;
c) Drawn from extreme low through 61.8% retracement level on “invisible” line;
2)Downtrend Fan line 1: Drawn from extreme high through 23.6% retracement level on “invisible” vertical line;
a) Fan line 2: Drawn from extreme high through 38.2% retracement level on “invisible” vertical line;
b) Fan line 3: Drawn from extreme high through 50% low retracement level on “invisible” vertical line;
c) Fan line 4: Drawn from extreme high through 61.8% retracement level on “invisible” vertical line;


PROFILE: General Property Trust (GPT.AX)


Stock Exchange: ASX
Company: General Property Trust
Ticker Codes: | GPT.AX | ASX:GPT |

About General Property Trust (ASX:GPT):

The GPT Group is one of Australia's largest diversified property groups and a top 50 ASX listed company by market capitalisation. GPT owns and manages a $20 billion portfolio of offices, logistics, business parks and prime shopping centres across Australia. The Group has a substantial investor base with more than 35,000 shareholders.

Top 10:

Fibonacci Fans

Download button icon Download
Company Close Change (%) Volume Value Signal
LOV Lovisa 9.3 20.2 1,518,896 -1.38 BEARISH
EMH European Metals Holdings 0.4 14.3 44,010 -1.34 BEARISH
SVW Seven Holdings 19.02 12.2 2,028,025 -2.49 BEARISH
NWH NRW 2.28 9.6 3,181,761 -1.13 BEARISH
AGG Anglogold Ashanti 4.16 8.3 21,558 -3.5 BEARISH
NEA Nearmap 2.57 7.5 3,461,849 -0.8 BEARISH
ORE Orocobre 3.2 7.4 2,255,245 -1.17 BEARISH
RSG Resolute Mining 1.15 6.5 9,128,506 -0.32 BEARISH
OGC Oceanagold Corporation 4.73 6.3 557,211 -0.4 BEARISH
GOR Gold Road Resources 0.85 6.3 2,511,753 -0.68 BEARISH
back to top