GENESIS HEALTHCARE INC.

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Type:	Stocks
Ticker:	GEN
ISIN:

GENESIS HEALTHCARE INC. - Weekly - Technical analysis published on 03/05/2021 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

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GENESIS HEALTHCARE INC. Chart

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Strongly bearish

Technical indicators

22%

50%

28%

My opinion

Bearish under 0.576 USD

My targets

0.420 USD (-12.13%)

My analysis

GENESIS HEALTHCARE INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.576 USD. The next support located at 0.420 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by 3ba0550.

Additional analysis

Quotes

The GENESIS HEALTHCARE INC. price is 0.478 USD. The price registered a decrease of -39.92% over 5 days with the lowest point at 0.450 USD and the highest point at 0.844 USD. The deviation from the price is +6.22% for the low point and -43.39% for the high point.

0.450

0.844

0.478

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by GENESIS HEALTHCARE INC.:

Abnormal volumes on GENESIS HEALTHCARE INC. were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in Weekly of this GENESIS HEALTHCARE INC. chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Weekly

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.420	0.478	0.692	1.160	1.420
Change (%)	-12.13%	-	+44.77%	+142.68%	+197.07%
Change	-0.058	-	+0.214	+0.682	+0.942
Level	Intermediate	-	Major	Major	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.058	0.254	0.378	0.574	0.698	0.894	1.018
Camarilla	0.414	0.443	0.473	0.502	0.531	0.561	0.590
Woodie	0.022	0.236	0.342	0.556	0.662	0.876	0.982
Fibonacci	0.254	0.376	0.452	0.574	0.696	0.772	0.894

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.399	0.564	0.679	0.844	0.959	1.124	1.239
Camarilla	0.716	0.742	0.767	0.793	0.819	0.844	0.870
Woodie	0.373	0.552	0.653	0.831	0.933	1.112	1.213
Fibonacci	0.564	0.671	0.737	0.844	0.951	1.017	1.124

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.056	0.358	0.576	0.878	1.095	1.397	1.615
Camarilla	0.650	0.698	0.745	0.793	0.841	0.888	0.936
Woodie	0.013	0.337	0.533	0.857	1.053	1.376	1.572
Fibonacci	0.358	0.557	0.679	0.878	1.076	1.199	1.397

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	41.60
MACD (12,26,9):	0.0170
Directional Movement:	2.594
AROON (14):	-21.429
DEMA (21):	0.679
Parabolic SAR (0,02-0,02-0,2):	1.180
Elder Ray (13):	-0.057
Super Trend (3,10):	1.213
Zig ZAG (10):	0.478
VORTEX (21):	0.9640
Stochastique (14,3,5):	39.35
TEMA (21):	0.768
Williams %R (14):	-93.65
Chande Momentum Oscillator (20):	-0.090
Repulse (5,40,3):	-104.9270
ROCnROLL:	2
TRIX (15,9):	-0.1870
Courbe Coppock:	103.34

MA7:	0.723
MA20:	0.876
MA50:	0.732
MA100:	0.614
MAexp7:	0.719
MAexp20:	0.678
MAexp50:	0.768
MAexp100:	0.973
Price / MA7:	-33.89%
Price / MA20:	-45.43%
Price / MA50:	-34.70%
Price / MA100:	-22.15%
Price / MAexp7:	-33.52%
Price / MAexp20:	-29.50%
Price / MAexp50:	-37.76%
Price / MAexp100:	-50.87%

Quotes : 2021-03-04 20:59:59 - 15 min delayed data - NYSE Stocks

News

The last news published on GENESIS HEALTHCARE INC. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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