I am teaching myself technical analysis and learning about the linear regression indicator. I worked through all stocks I hold and the Graincorp weekly offers the best looking chart to illustrate.The idea is that once it hits the lower or upper channels (blue lines) it reverts to the mean (middle red line), indicating if it's overbought or oversold. Highlighted in yellow - early May 2022 price went outside the upper channel line (overbought) then reverted to the mean and in the last couple of weeks it went below the lower channel line (oversold), buyers have stepped in, so in theory price should start reverting to the mean - in time.
- Forums
- ASX - By Stock
- Brief trading analysis
I am teaching myself technical analysis and learning about the...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GNC (ASX) to my watchlist
|
|||||
Last
$8.87 |
Change
-0.030(0.34%) |
Mkt cap ! $1.989B |
Open | High | Low | Value | Volume |
$8.82 | $8.97 | $8.75 | $5.262M | 595.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 5597 | $8.82 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.87 | 1963 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 8.820 |
5 | 105885 | 8.810 |
2 | 6993 | 8.800 |
4 | 12804 | 8.790 |
2 | 4911 | 8.780 |
Price($) | Vol. | No. |
---|---|---|
8.880 | 10411 | 8 |
8.890 | 2657 | 1 |
8.900 | 2657 | 1 |
8.910 | 5045 | 1 |
8.950 | 1439 | 2 |
Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
Featured News
GNC (ASX) Chart |