GUD Holdings Limited (ASX: GUD)

GUD Holdings Limited (ASX: GUD) is involved in the distribution and sale of aftermarket parts and accessories for cars, trucks, agricultural and mining equipment. The company also sells pumps and pressure systems for households, water transfer pumps, swimming pool products, etc.

Technical Analysis: On the weekly chart, GUD stock prices are trading below the downward sloping trendline resistance zone and facing the resistance of the trendline. Moreover, the momentum oscillator RSI (14-period) is showing a reading of ~31.20 level. Further, the prices are trading below the trend-following indicator 21-period SMA, which may act as crucial resistance level. An important support level for the stock, is placed at AUD 7.10 while the key resistance level is placed at AUD 9.60.

Individuals can evaluate the stock based on the support and resistance levels provided in the report in case of keen interest taking into consideration the risk-reward scenario.

Considering the stock’s current price levels placed at uncertainty, investing in this stock at the moment should be taken with a calculated approach; hence a ‘Watch’ stance is suggested. The stock was analysed as per the closing price of AUD 8.30 per share as on 18^th July 2022, up by ~1.591%.

Weekly Technical Chart – GUD

Ioupay Limited (ASX: IOU)

Ioupay Limited is an Australia-based company that offers financial technology and digital commerce software solutions and services

Technical Analysis: On a Weekly chart, IOU prices are moving in a downward trend with a lower highs and lower lows formation since March 2021. Moreover, the momentum oscillator RSI (14-period) is trading at ~36.513, indicating weak price momentum for the stock. An important support level for the stock, is placed at AUD 0.060 while the key resistance level is placed at AUD 0.080.

Individuals can evaluate the stock based on the support and resistance levels provided in the report in case of keen interest taking into consideration the risk-reward scenario.

Considering the company’s current price levels trading with lower lows and lower highs formation, and momentum indicator analysis, it is prudent to suggest a ‘Watch’ stance on this stock. The stock was analysed as per the closing price of AUD 0.069 per share on 18^th July 2022.

Weekly Technical Chart – IOU

Ioupay Limited (Company) is a client of Kalkine Media Pty Ltd (Kalkine Media), an affiliate of Kalkine. However, under no circumstances have Kalkine or its related entities been, directly or indirectly influenced in making any related insights concerning Company as contained in this report, and no form of compensation is or will be received by Kalkine, Kalkine Media or Kalkine’s other related entities for the publication of this report.

BPH Energy Ltd (ASX: BPH)

BPH Energy Limited is an Australia-based company engaged in investments in biotechnology, oil and gas exploration, and medical cannabis companies.

Technical Analysis: On the daily chart, BPH prices are moving in a downward direction with a weak bias. The momentum oscillator, RSI (14-period) is trading at ~39.868, further indicates weak momentum in the stock prices. An important support level for the stock, is placed at AUD 0.011 while the key resistance level is placed at AUD 0.015.

Individuals can evaluate the stock based on the support and resistance levels provided in the report in case of keen interest taking into consideration the risk-reward scenario.

Considering the company’s current price levels trading in a downward direction, and momentum indicator analysis, it is prudent to suggest a ‘Watch’ stance on this stock. The stock was analysed as per the closing price of AUD 0.013 per share on 18^th July 2022, up by 8.33%.

Daily Technical Chart – BPH

BPH Energy Limited (Company) is a client of Kalkine Media Pty Ltd (Kalkine Media), an affiliate of Kalkine. However, under no circumstances have Kalkine or its related entities been, directly or indirectly influenced in making any related insights concerning Company as contained in this report, and no form of compensation is or will be received by Kalkine, Kalkine Media or Kalkine’s other related entities for the publication of this report.

Note 1: Investment decision should be made depending on an individual’s appetite for upside potential, risks, and any previous holdings. This recommendation is purely based on technical analysis, and fundamental analysis has not been considered in this report.

Note 2: Related Risks: This report may be looked at from high-risk perspective. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and uptrend may take a pause due to profit booking or selling interest.

Stop-loss: In general, it is a level to protect further losses in case of unfavourable movement in the stock prices.

The Green colour line reflects the 21-period moving average. SMA helps to identify existing price trends. If the prices are trading above the 21-period, prices are currently in a bullish trend (Vice – Versa).

The Blue colour line reflects the 50-period moving average. SMA helps to identify existing price trends. If the prices are trading above the 50-period, prices are currently in a bullish trend (Vice – Versa).

The Orange colour line represents the Trendline.

The Purple colour line in the chart’s lower segment reflects the Relative Strength Index (14-Period), which indicates price momentum and signals momentum in trend. A reading of 70 or above suggests overbought status, while a reading of 30 or below suggests an oversold status.

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