G8 EDUCATION LIMITED - Daily - Technical analysis published on 10/08/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.135 AUD
My targets
1.235 AUD (+3.35%)
1.290 AUD (+7.95%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on G8 EDUCATION LIMITED as long as the price remains well above 1.135 AUD. The buyers' bullish objective is set at 1.235 AUD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.290 AUD. If there is any crossing, the next objective would be the resistance located at 1.913 AUD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9
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This analysis was given by knhassan. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The G8 EDUCATION LIMITED rating is 1.195 AUD. The price registered an increase of +4.37% on the session and was traded between 1.135 AUD and 1.200 AUD over the period. The price is currently at +5.29% from its lowest and -0.42% from its highest.1.135
1.200
1.195
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by G8 EDUCATION LIMITED:
Technical
A technical analysis in Daily of this G8 EDUCATION LIMITED chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.095 | 1.135 | 1.180 | 1.195 | 1.235 | 1.290 | 1.913 |
| Change (%) | -8.37% | -5.02% | -1.26% | - | +3.35% | +7.95% | +60.08% |
| Change | -0.100 | -0.060 | -0.015 | - | +0.040 | +0.095 | +0.718 |
| Level | Minor | Minor | Minor | - | Intermediate | Intermediate | 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 | 1.088 | 1.112 | 1.153 | 1.177 | 1.218 | 1.242 | 1.283 |
| Camarilla | 1.177 | 1.183 | 1.189 | 1.195 | 1.201 | 1.207 | 1.213 |
| Woodie | 1.098 | 1.116 | 1.163 | 1.181 | 1.228 | 1.246 | 1.293 |
| Fibonacci | 1.112 | 1.137 | 1.152 | 1.177 | 1.202 | 1.217 | 1.242 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.988 | 1.032 | 1.113 | 1.157 | 1.238 | 1.282 | 1.363 |
| Camarilla | 1.161 | 1.172 | 1.184 | 1.195 | 1.207 | 1.218 | 1.229 |
| Woodie | 1.008 | 1.041 | 1.133 | 1.166 | 1.258 | 1.291 | 1.383 |
| Fibonacci | 1.032 | 1.079 | 1.109 | 1.157 | 1.204 | 1.234 | 1.282 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.843 | 0.887 | 0.968 | 1.012 | 1.093 | 1.137 | 1.218 |
| Camarilla | 1.016 | 1.027 | 1.039 | 1.050 | 1.062 | 1.073 | 1.084 |
| Woodie | 0.863 | 0.896 | 0.988 | 1.021 | 1.113 | 1.146 | 1.238 |
| Fibonacci | 0.887 | 0.934 | 0.964 | 1.012 | 1.059 | 1.089 | 1.137 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 71.23 | |
| MACD (12,26,9): | 0.0330 | |
| Directional Movement: | 26.373 | |
| AROON (14): | 78.571 | |
| DEMA (21): | 1.089 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.012 | |
| Elder Ray (13): | 0.064 | |
| Super Trend (3,10): | 1.039 | |
| Zig ZAG (10): | 1.145 | |
| VORTEX (21): | 1.2500 | |
| Stochastique (14,3,5): | 92.74 | |
| TEMA (21): | 1.114 | |
| Williams %R (14): | -3.13 | |
| Chande Momentum Oscillator (20): | 0.145 | |
| Repulse (5,40,3): | 6.3350 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2760 | |
| Courbe Coppock: | 21.07 |
| MA7: | 1.091 | |
| MA20: | 1.033 | |
| MA50: | 1.012 | |
| MA100: | 1.002 | |
| MAexp7: | 1.098 | |
| MAexp20: | 1.052 | |
| MAexp50: | 1.022 | |
| MAexp100: | 1.018 | |
| Price / MA7: | +9.53% | |
| Price / MA20: | +15.68% | |
| Price / MA50: | +18.08% | |
| Price / MA100: | +19.26% | |
| Price / MAexp7: | +8.83% | |
| Price / MAexp20: | +13.59% | |
| Price / MAexp50: | +16.93% | |
| Price / MAexp100: | +17.39% |
Quotes :
-
End-of-day data
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Australia Stocks
News
The latest news and videos published on G8 EDUCATION LIMITED at the time of the analysis were as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
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