What is Happening to the Goodman Group’s Share Price?

What does Goodman Group Ltd do?

Goodman Group Ltd [ASX:GMG], is an integrated commercial and industrial property group that owns, develops and manages real estate, including warehouses, large scale logistics facilities, business parks and offices. It has a portfolio of 433 properties, spanning 16 countries around the globe.

That’s interesting, but what is the chart telling us?

What is the chart telling you?

I personally find it helpful to bring up a chart. Here’s the monthly chart of GMG


Source: STEX

The share price was up today making a six year high, the chart indicating conditions slowly improving for the company. Note the 2007 GFC correction which is typical of the REIT’s.

What now for GMG shares?

GMG and REIT’s in general are travelling well presently; this would suggest solid leasing activity and occupancy levels, and that annual rental conditions are improving. This can only happen in a steadily improving economy.

This cycle is only getting started and REIT’s as a whole are well placed and represent a good long term play. You just need a little knowledge of the real estate cycle to take advantage of it all. Go here to find out more. You owe it to yourself to obtain this knowledge. It’s the best investment you could make.

Terence Duffy,

Research Analyst, Cycles, Trends and Forecasts

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Terence Duffy is an analyst and chartist, specialising in researching economic trends and cycles.  His primary focus is housing and land affordability. But you can also depend on him to offer his unique analysis of stock market charts. As Terence will show you, the charts often forecast, well in advance, the good or bad news to come — which he details in Cycles, Trends and Forecasts.

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