GPT.AX ends the day indecisive


GPT Group (GPT.AX) Technical Analysis Report for Jul 13, 2018 [< 1 min read]
Highlights
GPT.AX ends the day indecisive
TQ Sentiment
Report Sentiment: 33% Bearish
Technical Forecast:
Overview

GPT.AX ended the week 1.17% higher at 5.20 after flat today. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for GPT.AX
Volatility

Friday's trading range was A$0.04 (0.77%), that's far below last trading month's daily average range of A$0.08. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being slightly below average.

Support/Resistance

Prices are trading close to the key resistance level at 5.24.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Order Flow

Buying might speed up should prices move above the close-by swing high at 5.26 where further buy stops could get triggered. With prices trading close to this year's high at 5.30, upside momentum might accelerate should GPT Group be able to break out to new highs for the year.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being slightly bullish.

Market Conditions for GPT Group
ConditionForecastDirectionWinAvgWorstBestEvents
Bullish Break through SMA 20 TQ Pro Members Only
White Candle TQ Pro Members Only
RSI(2) above 80 TQ Pro Members Only
Price broke through Technical Resistance R1 TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
More market conditions identified for TQ Pro members...
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