General Property Trust (GPT.AX)
Trading: HOLD @ $5.49
Signal Strength: WEAK
Indicator MUST BE USED in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.
General Property Trust (ASX:GPT) buyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for GPT adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 1.9 & the greatest daily positive change this year has been 95.4. The longest consecutive upswing rally over the last 12 months has been 8 days giving a total rally upward movement of 100.9%. This quarter, the largest upswing rally has been 8 days giving a total rally upward movement of 100.9%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1.7x. Over the last month the average daily upward movement has been 1.200000%
The only price most market participants look at is the closing price in relation to the previous day’s close. As such the position of the close has the ability to highlight recent performance and indirectly the keenness of traders.
[Calculations] Close Today Versus Close Yesterday (CTCY):
1) [Close] > [Close Yesterday] = Buyers keener than sellers;
2) [Close] < [Close Yesterday] = Sellers keener than buyers;
3) [Close] = [Close Yesterday] = Neither are keener
PROFILE: General Property Trust (GPT.AX)
Stock Exchange: ASX
Company: General Property Trust
Ticker Codes: | GPT.AX | 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.
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