Technical analysis from G8 Education (GEM.AX.AX, ASX:GEM.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

G8 Education
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GEM: Aroon oscillator has confirmed a strong downtrend @-56
Aroon Oscillator /
GEM: Aroon oscillator has confirmed a strong downtrend @-56

GEM: Aroon Oscillator Recent Trading -> (1) 11 Jan: -56 (2) 11 Jan: -36 (3) 11 Jan: -20

Market conditions are indicating OBV accumulation is current for GEM
On Balance Volume /
Market conditions are indicating OBV accumulation is current for GEM

GEM: OBV Recent Trading ->(1) 11 Jan: 7.62944e+006 (2) 11 Jan: 9.95854e+006 (3) 11 Jan: -87837

Opening Price /
G8 Education: Daily opening performance is -0.9 % [Uptrend]

GEM: OPEN Current Signal -> (1) 11 Jan: NEUTRAL (2) 10 Jan: BULLISH (3) 09 Jan: BEARISH

Chaikin Money Flow /
Chaikin Oscillator crossover confirmed signalling potential exit for G8 Education

[BEARISH CROSSOVER]: G8 Education current price has highlighted recent selling pressure and the start of a bearish trading conditions. Currently, the CMF is -0.13. During the quarter, the lowest CMF value was -0.24

Elders Force Index /
G8 Education: Direction, extent & volume have decreased in recent trading [Selling Pressure]

[BEARISH]: G8 Education current price has highlighted recent selling pressure. Currently, the Elders Force Index is -17615.

Range Tod Vs Range Yest /
G8 Education: Range Performance (-12.5)

GEM: Range today versus range yesterday Current Signal ->(1) 11 Jan: BULLISH (2) 11 Jan: BEARISH (3) 11 Jan: BULLISH

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Demarks Pivot Points /
Limit order for a long position has been identified for G8 Education [Bullish]

G8 Education has broken the first DeMark resistance point ($3.415) [Bullish]. Look for a long limit order entry near this point. Exit price for GEM should be set @$3.44 & Stoploss for G8 Education should be set at $3.37

Limit order for a short position has been identified for G8 Education @$0.37
Fibonacci Extensions /
Limit order for a short position has been identified for G8 Education @$0.37

G8 Education: The current Fibonacci Extension levels are: (23.61%) $0: (38.2%) $0: (50%) $0: (61.8%) $0The current support levels are: (78.6%) $0: (100%) $0: (138.2%) $0: (161.8%) $0: (261.8%) $0: (423.61%) $0

Stoploss for G8 Education should be set between $3.353 & $3.316
Pivot Points /
Stoploss for G8 Education should be set between $3.353 & $3.316

G8 Education has broken the first resistance point ($3.456) [Bullish]. Look for a long limit order entry near this point. Exit price for GEM should be set @$3.493 & Stoploss for G8 Education should be set between $3.353 & $3.316

MACD Volume /
Negative momentum on the Volume MACD histogram for GEM has been confirmed & supports a bearish move is likely

[BEARISH CROSSOVER]: G8 Education currently has negative Volume MACD of -25247. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Close Tod Vs Close Yest /
The loss ratio for price fall in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1x

[BEARISH]: G8 Educationsellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for GEM adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -0.9 & the greatest daily negative change this year has been -0.9. The longest consecutive downswing rally over the last 12 months has been 7 days giving a total rally downward movement of -23.1%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -1.5%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1x. Over the last month the average daily downward movement has been -0.6%

Black Candle /
GEM Basic Candle: Black

[BEARISH]: G8 Education has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

G8 Education: Average True Range (0.084) has confirmed an uptrend is present
Average True Range /
G8 Education: Average True Range (0.084) has confirmed an uptrend is present

[Bullish]: Average True Range has confirmed an uptrend is present. G8 Education has a TR of 0.07, and an ATR(14) of 0.084.

Recent trading for G8 Education fell short of the previous low by -1.6 %
Low Price /
Recent trading for G8 Education fell short of the previous low by -1.6 %

[BULLISH]: G8 Education current downtrend in the first timeframe. Currently, the Low is $3.39 (-1.6 %).

Triangular Moving Average /
The TMA trend following signal is still current for G8 Education [Bearish]

[BEARISH]: G8 Education currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -0.9%.

Elder Ray Index /
[Bullish]: Recent trading has driven price above the consensus of value for GEM

[BULLISH]: G8 EducationElder Ray Index is signalling a Bullish movementERI is 0.017 indicating bull power. Prices are being driven above the consensus of value for GEM during the last trading session [Buying Pressure]

Moving Average Envelope /
G8 Education is still oversold with the Lower Envelope Band @$3.2775

[BULLISH]: G8 Education current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 3.2775.

Stochastic oversold signal has just been neutralized for G8 Education
Stochastic Oscillator /
Stochastic oversold signal has just been neutralized for G8 Education

GEM: Stochastic Oscillator Signal -> (1) 11 Jan: BULLISH CROSSUNDER (2) 11 Jan: BULLISH (3) 11 Jan: BEARISH CROSSOVER

G8 Education was difficult to move downward due to high volume in recent trading [Bearish]
Ease of Movement /
G8 Education was difficult to move downward due to high volume in recent trading [Bearish]

[BEARISH]: G8 Education current price have moved downwards on high volume. Currently, the Ease of Movement is -0.158

MACD oscillator is now positive for GEM
MACD /
MACD oscillator is now positive for GEM

[BULLISH CROSSOVER]: G8 Education currently has positive MACD of 0.042000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is -1.5%.

Williams %R /
G8 Education is no longer oversold with the William %R @-67.7

GEM: William %R Current Signal -> (1) 11 Jan: BEARISH CROSSUNDER (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH CROSSOVER

Detrended Price Oscillator /
Price is currently below the displaced moving average for GEM [Bearish]

[BEARISH]: G8 Education currently has a confirmed downtrend. Price is currently below the displaced moving average for GEMCurrently, the return on DPO20 is -0.9%.

Average Directional Movement /
Daily trading has confirmed an ADX strong trend (43.76) for G8 Education

[Trend]: ADX for GEM has confirmed a strong trend is presentG8 Education has an ATR(14) of 0.084, a DX of 31.48 & an ADX(14) of 43.76

Volume Rate of Change /
G8 Education: Rate of Change (9)

[BULLISH CROSSOVER]: G8 Education currently has positive volume of change of 9%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -0.9%.

G8 Education opened in the upper part of daily range at 85.7% & closed in the middle part of the trading range at 42.9%. This suggests the sellers have lost commitment.
Open Tod Vs Close Tod /
G8 Education opened in the upper part of daily range at 85.7% & closed in the middle part of the trading range at 42.9%. This suggests the sellers have lost commitment.

[BEARISH WEAK]: G8 Education opened in the upper part of daily range at 85.7% & closed in the middle part of the trading range at 42.9%. This suggests the sellers have lost commitment. Over the last 12 months there has been 28 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 10.7%. Over the last month there has been 3 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 37.5%.

[Bearish]: Trend following indicator for GEM highlights downward price direction is likely
Weighted Moving Average /
[Bearish]: Trend following indicator for GEM highlights downward price direction is likely

[BEARISH]: G8 Education currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -0.9%.

Woodie Pivot Point /
G8 Education has moved above the R1 Woodie pivot point ($3.454) [Bullish]

G8 Education current pivot point (Woodie) is: $3.422. The current resistance levels are: (R1) $3.454: (R2) $3.492The current support levels are: (S1) $3.384: (S2) $3.352

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