GTY.AX finds buyers again around 2.24
Gateway Lifestyle Stapled Securities (GTY.AX) Technical Analysis Report for Sep 14, 2018
GTY.AX ended the week unchanged at 2.24 after flat today.
Friday's trading range was A$0.00 (0.0%), that's far below last trading month's daily average range of A$0.02. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.
Despite a strong opening the stock closed below the prior day's open and close, forming a bearish Engulfing Candle.
After having been unable to move lower than 2.24 in the previous session, the market found buyers again around the same price level today at 2.24.
The share shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish.
Further selling could move prices lower should the market test August's nearby low at 2.22.
Both sentiments, the classical technical analysis and our quantitative statistics are in perfect alignment today showing a neutral sentiment for the next trading day.
Market Conditions for Gateway Lifestyle Stapled Securities
|Condition||Forecast||Direction||Direction||Win Rate||Win Rate||Exit Day||Exit Day||Events|
|Close near low of period||TQ Pro Members Only|
|High close to previous High||TQ Pro Members Only|
|Low close to previous three Lows||TQ Pro Members Only|
|Low close to previous two Lows||TQ Pro Members Only|
|Low close to previous low||TQ Pro Members Only|
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