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GRAINCORP LIMITEDGRAINCORP LIMITEDGRAINCORP LIMITED

GRAINCORP LIMITED

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GNC trade ideas

GNC - End of 7-day Losing Streak provides a 10-day Upside BiasGraincorp Ltd (GNC) ended its 7-day losing streak yesterday with a gain of 1.61%. Since 2000, 7-day losing streaks that ended with an 8th day gain of greater than 1% usually led to higher prices over the next 10-days. Looking forward 10-days, GNC, provided an average gain of 5.42%, win rate of 4 from 5, standard deviation 5.71%, maximum 12.14%, median 7.83%, minimum -1.88%. Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the risk expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.
ASX:GNCLong
by UnknownUnicorn25462132
Graincorp - Upside Tendency following 7 Consecutive Down DaysFriday marked the 7th consecutive down day for Graincorp Ltd. Interestingly, last week, Morgan Stanley downgraded GNC from overweight to equal-weight. However, this 7-day losing streak has failed to take the price below the 200-day moving average. Similar types of pullbacks above the 200-day moving average have usually manifested to the upside, with an average 9-day gain of 4.2% & a win rate of 7 from 8. Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the risk expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.
ASX:GNCLong
by UnknownUnicorn25462132
GNC @ 4 Oct 2021Text me if you have any questions/comments for me. ----- GNC - First time doing a written analysis on GNC - Stock is currently trading at a resistance that was formed during the height of last year’s pandemic crash (purple dotted line) - Since then, the stock has had more sideways consolidation interspersed with uptrends that last for a few weeks - Stock is bounding around the short-term support and a successful rebound from here will provide an opportunity for entry - A successful rebound is around 6.60 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry or waiting for a successful breakout of strong resistance
ASX:GNC
by Jerm88