GPT.AX ends the day indecisive


GPT Group (GPT.AX) Technical Analysis Report for Jul 13, 2018 | by Techniquant Editorial Team

Highlights

GPT.AX ends the day indecisive

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 Candlestick Chart (GPT.AX as at Jul 13, 2018):

Daily technical analysis candlestick chart for GPT Group (GPT.AX) as at Jul 13, 2018

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.

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

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

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.


Market Conditions for GPT.AX as at Jul 13, 2018

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