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$GMG (Goodman Group) Price Analysis
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Penke

I guess you are interested in Goodman Group. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

  • πŸ“ˆ Technical Analysis (TA) – Goodman Group’s Price Targets

I'm going to help you getting a better view of Goodman Group. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Technical Analysis of Goodman Group
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Goodman Group. The general trend of Goodman Group is BEARISH with 42.9% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Goodman Group's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-42.9%) Bearish trend (42.9%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Neutral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Neutral to overboughtOverbought=Overbought

1. Goodman Group Price Targets

1.1 sr

Score

Let's take a look at the sr of Goodman Group.

  • The price is trading between support and resistance lines.
Goodman Group Daily sr Chart

2. Trend Indicators

2.1 mas

Score

Let's take a look at the mas of Goodman Group.

  • The SHORT shows a strengthening upward trend.
  • Price action is supported by the SHORT.
  • The SHORT is lagging behind the MEDIUM, indicating weaker trend alignment.
  • The SHORT is lagging behind the INTER, indicating weaker trend alignment.
  • The SHORT is lagging behind the LONG, indicating weaker trend alignment.
  • The MEDIUM shows weakening trend behaviour.
  • Price action is supported by the MEDIUM.
  • The MEDIUM is lagging behind the INTER, indicating weaker trend alignment.
  • The MEDIUM is lagging behind the LONG, indicating weaker trend alignment.
  • The INTER shows weakening trend behaviour.
  • Price action is supported by the INTER.
  • The INTER is lagging behind the LONG, indicating weaker trend alignment.
  • The LONG shows weakening trend behaviour.
  • Price action is trading under pressure relative to the LONG.

Directionalities and relatives.

Moving AverageTrendPricevs. MEDIUMvs. INTERvs. LONG
SHORT
MEDIUM
INTER
LONG

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Goodman Group Daily mas Chart
2.2 macd

Score

Let's take a look at the macd of Goodman Group.

  • Momentum is leaning bullish. Buying pressure currently dominates selling pressure, suggesting growing optimism and increased willingness to accumulate Goodman Group.
  • Overall momentum is positive. Market conditions reflect constructive sentiment, with buyers gradually gaining influence and supporting a favorable environment for Goodman Group.
  • Momentum is improving. Bullish pressure is strengthening as confidence builds and market participants position for potential continuation.
Goodman Group Daily macd ChartGoodman Group Daily macd Chart
2.3 dmi

Score

Let's take a look at the dmi of Goodman Group.

  • Directional bias favors buyers. Buying pressure currently dominates selling pressure, reflecting constructive sentiment and growing confidence among market participants.
  • A strong bullish trend is in place and gaining strength, indicating increasing directional conviction and sustained buying interest.
Goodman Group Daily dmi Chart
2.4 sar

Score

Let's take a look at the sar of Goodman Group.

  • Price action is supported by the prevailing trend structure, which is commonly interpreted as a bullish market signal.
Goodman Group Daily sar Chart

3. Momentum Indicators

3.1 rsi

Score

Let's take a look at the rsi of Goodman Group. The current phase is Correction in bear market.

  • Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
  • Momentum is weakening as selling pressure becomes more pronounced.
Goodman Group Daily rsi ChartGoodman Group Daily rsi Chart
3.2 stoch

Score

Let's take a look at the stoch of Goodman Group. The current phase is Overbought in bear market.

  • Momentum favors buyers, indicating constructive short-term market participation.
  • Momentum is stretched to the upside, suggesting the market may be overheated and vulnerable to a pause or pullback.
  • Momentum is leaning bearish, with selling pressure outweighing buying interest and signaling increased short-term caution for Goodman Group.
  • Momentum is weakening as selling pressure increases and short-term sentiment deteriorates.
Goodman Group Daily stoch ChartGoodman Group Daily stoch Chart
3.3 cci

Score

Let's take a look at the cci of Goodman Group.

  • Price action appears stretched to the upside, suggesting momentum may be overheated and vulnerable to a pause or pullback.
Goodman Group Daily cci ChartGoodman Group Daily cci Chart
3.4 cmo

Score

Let's take a look at the cmo of Goodman Group.

  • Momentum is leaning positive, indicating constructive market conditions and increasing upside participation.
Goodman Group Daily cmo ChartGoodman Group Daily cmo Chart
3.5 willr

Score

Let's take a look at the willr of Goodman Group.

  • Upward momentum appears stretched, suggesting buying pressure may be excessive and a pause or pullback could occur.
Goodman Group Daily willr ChartGoodman Group Daily willr Chart

4. Volatility Indicators

4.1 bb

Score

Let's take a look at the bb of Goodman Group.

Goodman Group Daily bb Chart
4.2 atr

Score

Let's take a look at the atr of Goodman Group.

Goodman Group Daily atr ChartGoodman Group Daily atr Chart

5. Volume Indicators

5.1 obv

Score

Let's take a look at the obv of Goodman Group.

Goodman Group Daily obv ChartGoodman Group Daily obv Chart
5.2 mfi

Score

Let's take a look at the mfi of Goodman Group.

  • Money flow favors buyers, indicating constructive participation and supportive market conditions.
Goodman Group Daily mfi ChartGoodman Group Daily mfi Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Goodman Group.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal

6.3. Candlestick Patterns

Goodman Group Daily Candlestick Chart
DateCandlestick Pattern
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