GMA.AX pops to highest close since October 11th

Genworth Mortgage (GMA.AX) Technical Analysis Report for Nov 09, 2018 | by Techniquant Editorial Team


GMA.AX rises to highest close since October 11th
GMA.AX closes higher for the 2nd day in a row


Moving higher for the 2nd day in a row, GMA.AX finished the week 2.2% higher at 2.32 after gaining $0.05 (2.2%) today on low volume, notably outperforming the ASX 200 (-0.11%). Today's close at 2.32 marks the highest recorded closing price since October 11th.

Daily Candlestick Chart (GMA.AX as at Nov 09, 2018):

Daily technical analysis candlestick chart for Genworth Mortgage (GMA.AX) as at Nov 09, 2018

Friday's trading range has been $0.06 (2.62%), that's slightly above the last trading month's daily average range of $0.06. Weekly volatility is also higher, being slightly above the market's average weekly trading range. The longer-term, monthly volatility is currently strongly lower than usual for GMA.AX.

Though Genworth Mortgage is experiencing a short-term uptrend, this might just be a correction, as both the medium and long-term trends are still bearish.

Market Conditions for GMA.AX as at Nov 09, 2018

Loading Market Conditions for GMA.AX (Genworth Mortgage)...
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