G8 EDUCATION LIMITED
G8 EDUCATION LIMITED
- AUD (-)
- End-of-day data - Australia Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: GEM
ISIN: AU000000GEM7

G8 EDUCATION LIMITED - Daily - Technical analysis published on 02/25/2021 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 1.135 AUD
My targets
0.966 AUD (-8.87%)
0.865 AUD (-18.40%)
My analysis
G8 EDUCATION LIMITED 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 1.135 AUD. The next support located at 0.966 AUD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.865 AUD. Below this support, sellers could then target 0.775 AUD.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5.4

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 knhassan. Take part yourself by sharing additional analysis on another time unit:
Weekly

Additional analysis

Quotes

The G8 EDUCATION LIMITED price is 1.060 AUD. The price registered a decrease of -2.30% on the session and was traded between 1.040 AUD and 1.105 AUD over the period. The price is currently at +1.92% from its lowest and -4.07% from its highest.

1.040
1.105
1.060

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical


Technical analysis of G8 EDUCATION LIMITED in Daily shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : Daily


Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily



An assessment of technical indicators shows a strong bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

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

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : Daily


MACD indicator is back under 0

Type : Bearish

Timeframe : Daily


Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Daily



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Support of channel is broken

Type : Bearish

Timeframe : Daily



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.865 0.966 1.050 1.060 1.135 1.180 1.234
Change (%) -18.40% -8.87% -0.94% - +7.08% +11.32% +16.42%
Change -0.195 -0.094 -0.010 - +0.075 +0.120 +0.174
Level Minor Intermediate Major - Major Minor Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.9881.0321.0581.1021.1281.1721.198
Camarilla1.0661.0721.0791.0851.0911.0981.104
Woodie0.9801.0281.0501.0981.1201.1681.190
Fibonacci1.0321.0581.0751.1021.1281.1451.172


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.0221.0831.1221.1831.2221.2831.322
Camarilla1.1331.1421.1511.1601.1691.1781.188
Woodie1.0101.0781.1101.1781.2101.2781.310
Fibonacci1.0831.1221.1451.1831.2221.2451.283


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.0151.0651.1001.1501.1851.2351.270
Camarilla1.1121.1191.1271.1351.1431.1511.158
Woodie1.0081.0611.0931.1461.1781.2311.263
Fibonacci1.0651.0981.1181.1501.1831.2031.235

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 29.40
MACD (12,26,9): -0.0150
Directional Movement: -20.658
AROON (14): -71.429
DEMA (21): 1.153
Parabolic SAR (0,02-0,02-0,2): 1.230
Elder Ray (13): -0.085
Super Trend (3,10): 1.199
Zig ZAG (10): 1.060
VORTEX (21): 0.8350
Stochastique (14,3,5): 13.02
TEMA (21): 1.137
Williams %R (14): -90.48
Chande Momentum Oscillator (20): -0.160
Repulse (5,40,3): -7.5830
ROCnROLL: 2
TRIX (15,9): 0.0220
Courbe Coppock: 5.78
MA7: 1.146
MA20: 1.178
MA50: 1.174
MA100: 1.164
MAexp7: 1.134
MAexp20: 1.166
MAexp50: 1.171
MAexp100: 1.147
Price / MA7: -7.50%
Price / MA20: -10.02%
Price / MA50: -9.71%
Price / MA100: -8.93%
Price / MAexp7: -6.53%
Price / MAexp20: -9.09%
Price / MAexp50: -9.48%
Price / MAexp100: -7.59%

Quotes : 2021-02-24 00:00:00 - End-of-day data - Australia Stocks

News


Don"t forget to follow the news on G8 EDUCATION LIMITED. At the time of publication of this analysis, the latest news was as follows:

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

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