GEO GROUP INC THE REIT - Daily - Technical analysis published on 01/21/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 15.19 USD
My targets
16.46 USD (+2.24%)
17.80 USD (+10.56%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on GEO GROUP INC THE REIT as long as the price remains well above 15.19 USD. The buyers” bullish objective is set at 16.46 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 17.80 USD. If there is any crossing, the next objective would be the resistance located at 19.68 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
3.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GEO GROUP INC THE REIT rating is 16.10 USD. The price registered an increase of -1.53% on the session with the lowest point at 16.06 USD and the highest point at 16.55 USD. The deviation from the price is +0.25% for the low point and -2.72% for the high point.16.06
16.55
16.10
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GEO GROUP INC THE REIT:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of GEO GROUP INC THE REIT indicates that the overall trend is bullish. The signals given by moving averages are 64.29% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
White gravestone / inverted hammer
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.45 | 13.01 | 15.19 | 16.10 | 16.46 | 17.80 | 19.68 |
| Change (%) | -53.73% | -19.19% | -5.65% | - | +2.24% | +10.56% | +22.24% |
| Change | -8.65 | -3.09 | -0.91 | - | +0.36 | +1.70 | +3.58 |
| Level | Minor | Major | Major | - | Major | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 15.72 | 15.97 | 16.16 | 16.40 | 16.59 | 16.84 | 17.03 |
| Camarilla | 16.23 | 16.27 | 16.31 | 16.35 | 16.39 | 16.43 | 16.47 |
| Woodie | 15.70 | 15.95 | 16.13 | 16.39 | 16.57 | 16.82 | 17.00 |
| Fibonacci | 15.97 | 16.13 | 16.24 | 16.40 | 16.57 | 16.67 | 16.84 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.00 | 14.56 | 14.94 | 15.50 | 15.88 | 16.44 | 16.82 |
| Camarilla | 15.06 | 15.15 | 15.23 | 15.32 | 15.41 | 15.49 | 15.58 |
| Woodie | 13.91 | 14.52 | 14.85 | 15.45 | 15.79 | 16.39 | 16.73 |
| Fibonacci | 14.56 | 14.92 | 15.14 | 15.50 | 15.86 | 16.08 | 16.44 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.23 | 11.76 | 14.18 | 15.71 | 18.13 | 19.66 | 22.08 |
| Camarilla | 15.52 | 15.89 | 16.25 | 16.61 | 16.97 | 17.33 | 17.70 |
| Woodie | 10.69 | 11.98 | 14.64 | 15.93 | 18.59 | 19.88 | 22.54 |
| Fibonacci | 11.76 | 13.27 | 14.20 | 15.71 | 17.22 | 18.15 | 19.66 |
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): | 56.18 | |
| MACD (12,26,9): | 0.2000 | |
| Directional Movement: | 10.43 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 16.15 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.21 | |
| Elder Ray (13): | 0.37 | |
| Super Trend (3,10): | 16.55 | |
| Zig ZAG (10): | 16.10 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 52.70 | |
| TEMA (21): | 16.15 | |
| Williams %R (14): | -46.15 | |
| Chande Momentum Oscillator (20): | -0.51 | |
| Repulse (5,40,3): | -2.1300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2800 | |
| Courbe Coppock: | 8.69 |
| MA7: | 15.81 | |
| MA20: | 16.20 | |
| MA50: | 15.10 | |
| MA100: | 15.64 | |
| MAexp7: | 15.99 | |
| MAexp20: | 15.84 | |
| MAexp50: | 15.57 | |
| MAexp100: | 15.90 | |
| Price / MA7: | +1.83% | |
| Price / MA20: | -0.62% | |
| Price / MA50: | +6.62% | |
| Price / MA100: | +2.94% | |
| Price / MAexp7: | +0.69% | |
| Price / MAexp20: | +1.64% | |
| Price / MAexp50: | +3.40% | |
| Price / MAexp100: | +1.26% |
News
The last news published on GEO GROUP INC THE REIT at the time of the generation of this analysis was as follows:
- The GEO Group Announces Signing of Contract Between GEO Secure Services and U.S. Marshals Service for Government-Owned, 512-Bed El Centro Service Processing Center in California
- The GEO Group Signs Contracts With U.S. Immigration and Customs Enforcement for Five Facilities in California Totaling 4,490 Beds
- The GEO Group Declares Quarterly Cash Dividend of $0.48 Per Share
- The GEO Group Publishes First-Ever Human Rights and ESG Report
- The GEO Group Reports Fourth Quarter and Full-Year 2018 Results
This member declared not having a position on this financial instrument or a related financial instrument.
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