GTY.AX ends the day indecisive


Gateway Lifestyle Stapled Securities (GTY.AX) Technical Analysis Report for Jul 13, 2018 [< 1 min read]
Highlights
GTY.AX finds buyers again around 2.30
GTY.AX ends the day indecisive
TQ Sentiment
Report Sentiment: 50% Bullish
Technical Forecast:
Overview

GTY.AX finished the week -1.71% lower at 2.30 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 GTY.AX
Volatility

Friday's trading range was A$0.01 (0.43%), that's far below last trading month's daily average range of A$0.03. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being way below average.

Price Action

In spite of a weak opening Gateway Lifestyle managed to close above the prior day's open and close, forming a bullish Engulfing Candle.

Support/Resistance

After having been unable to move lower than 2.30 in the previous session, the stock found buyers again around the same price level today at 2.30.

Trend

Although the market is currently in a short-term down trend, this could just be a correction, as the medium and long term trends are both positive.

Order Flow

Selling might accelerate should prices move below the close-by swing low at 2.29 where further sell stops could get activated.

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 Gateway Lifestyle Stapled Securities
ConditionForecastDirectionWinAvgWorstBestEvents
Doji TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Gravestone Doji TQ Pro Members Only
Gap Down TQ Pro Members Only
Strong Down Move TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Gateway Lifestyle Stapled Securities traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup

Stocks Top Movers

GBPUSD 1.31350.0120 0.92%
GOLD 1,231.99.4 0.77%
HSI 28,224.48213.62 0.76%
EURUSD 1.17230.0081 0.70%
ASX 6,285.9023.20 0.37%
INDU 25,058.12-6.38 -0.03%
NDX 7,350.23-2.13 -0.03%
FTSE 7,678.79-5.21 -0.07%
NATGAS 2.733-0.002 -0.07%
SPX 2,801.83-2.66 -0.09%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV88.91 -1.04
-1.16%
ACN 10 day candlestick chart for ACN166.52 -0.37
-0.22%
ADBE 10 day candlestick chart for ADBE257.54 -0.14
-0.05%
AAP 10 day candlestick chart for AAP142.67 -0.70
-0.49%
AES 10 day candlestick chart for AES13.03 0.00
0.00%
AET 10 day candlestick chart for AET187.22 -2.82
-1.48%
AFL 10 day candlestick chart for AFL43.06 0.17
0.40%
AMG 10 day candlestick chart for AMG148.84 -0.47
-0.31%
A 10 day candlestick chart for A63.85 -0.30
-0.47%
ABT 10 day candlestick chart for ABT63.32 -0.46
-0.72%