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GALAXY RESOURCES LIMITED (GXY.AX) - Buy, Sell or Hold?

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Thu, 29 Jun 2017NoneBearish EngulfingTue, 13 Jun 2017-13.02%
***Stock database and scans are updated around midnight (Sydney time) every trading day.
3.45 0.00 (0%) Oct 31 8:10am AEST
Open: 3.50 Range: 3.41 - 3.52 Vol: 4.37M Avg Vol: 3.25M
EPS: 0.40 P/E ratio: 4.15 EBITDA: 3.80M Mkt Cap: 613.90M
Analyze "GXY.AX" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 1.65
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 1.59
Last Trade is above the 50 day moving average at 0.90
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 0.57
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of GXY.AX

Stock Trend Analysis - Buy, Sell or Hold "GALAXY RESOURCES LIMITED" (GXY.AX)?

GXY.AX is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 72% of the time spent trading above the 200 day moving average. For the medium term, the 50 day moving average is generally in a trading range with a bearish downward bias. Even the 20 day moving average is trading in a range but with a bullish bias. For adventurous traders, once a trading range is identified, a viable strategy is to short breakouts and buy breakdowns with the expectation GXY.AX will return into the established trading range. However, a more conservative and higher probability trade is to still buy dips as the longer term trend is still up. A good place to accummulate longs is at the 200 SMA currently near 0.57. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "GXY.AX".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Thu, 29 Jun 2017
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