Technical analysis from Genesis Energy (GNE.AX, ASX:GNE.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Genesis Energy
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Genesis Energy: Buyers were in control all day.
Open Tod Vs Close Tod /
Genesis Energy: Buyers were in control all day.

GNE: Open today versus close yesterday Current Signal ->(1) 20 Jun: BULLISH STRONG (2) 19 Jun: BULLISH WEAK (3) 18 Jun: BULLISH STRONG

Volume for Genesis Energy continues to lose momentum @-0.6)
Percentage Volume /
Volume for Genesis Energy continues to lose momentum @-0.6)

GNE: PVO Recent Trading -> (1) 20 Jun: -0.6 (2) 19 Jun: -1.65 (3) 18 Jun: -6.96

Close Tod Vs Range Tod /
Genesis Energy: Buyers are in control at the market close.

[BULLISH]: Genesis Energy buyers are in control at the market close. There has been 3 consecutive days of prices closing in the upper part of the trading range for Genesis Energy adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 117 trading days with the closing price in the upper part of the range giving a confirmation ratio of 44.5%. Over the last month there has been 9 trading days with the closing price in the upper range giving a confirmation ratio of 69.2%. Currently this quarter, closing price has spent 22 days in the upper price range compared to 19 days in the lower range giving a ratio of 1.2x.

Elder Ray Index /
[Bull Power]: Prices are being driven above the consensus of value for GNE during the last trading session

GNE: Elder Ray Index Current Signal -> (1) 20 Jun: BULLISH (2) 19 Jun: BULLISH (3) 18 Jun: BULLISH

On Balance Volume /
OBV: Accumulation still active for Genesis Energy

[BULLISH]: Genesis Energy current price has highlighted recent accumulation. Currently, the OBV is 225417.

Average Directional Movement /
Average Directional Index for Genesis Energy has signalled a weak trend is active

[Weak Trend]: ADX for GNE has confirmed a weak trend is present. Genesis Energy has an ATR(14) of 0.035, a DX of 20.23 & an ADX(14) of 17.12

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High Price /
Genesis Energy: Daily high price is $2.35 [Lower High]

GNE: HIGH Recent Trading -> (1) 20 Jun: 2.35 (2) 19 Jun: 2.37 (3) 18 Jun: 2.33

Genesis Energy: Rate of Change (14)
Rate of Change /
Genesis Energy: Rate of Change (14)

[BULLISH]: Genesis Energy currently has positive rate of change of 6.335%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

The MACD continues to rise above the signal line for GNE [Bullish]
MACD /
The MACD continues to rise above the signal line for GNE [Bullish]

[BULLISH]: Genesis Energy currently has positive MACD of 0.0073. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 5.7%.

Percentage Price /
Genesis Energy: Price Percentage Oscillator (1.816)

GNE: PPO Recent Trading -> (1) 20 Jun: 1.816 (2) 19 Jun: 1.772 (3) 18 Jun: 1.643

Williams %R /
William %R Overbought signal is still current for Genesis Energy [Bearish]

[BULLISH]: Genesis Energy is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Exponential Moving Average /
[Bullish]: Trend following indicator for GNE highlights upward price direction is likely

[BULLISH]: Genesis Energy currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -0.4%.

Normal trading conditions are continued for Genesis Energy
Commodity Channel Index /
Normal trading conditions are continued for Genesis Energy

GNE: CCI Recent Trading -> (1) 20 Jun: 97 (2) 19 Jun: 135 (3) 18 Jun: 112

Genesis Energy: Daily volume performance is -25.1 [Downtrend]
Volume /
Genesis Energy: Daily volume performance is -25.1 [Downtrend]

[BEARISH]: Genesis Energy current volume downtrend in the first timeframe. Volume for GNE is 26074 (-25.1).

Pivot Points /
Limit order for a short position has been identified for Genesis Energy [Bearish]

Genesis Energy current pivot point is: 2.337. The current resistance levels are: (R1) $2.364: (R2) $2.377: (R3) $2.404: The current support levels are: (S1) $2.324: (S2) $2.297: (S3) $2.284

Fibonacci Extensions /
The 161.8% Fibonacci extension level for GNE has moved to the upper limit. Stoploss should be positioned @$1.06

Genesis Energy has moved above the 161.8% level ($1.16) [Bearish]. Look for a short limit order entry near this point. Exit price for GNE should be set @$1.26 & short position stoploss for Genesis Energy should be set at $1.06

Aroon Oscillator /
Genesis Energy: ARO(92) has signalled a strong uptrend is current

[BULLISH]: Genesis Energy has a current ARU(25) of 96 and a current ARD(25) of 4

Genesis Energy: Look for a short limit order entry @$2.33
Woodie Pivot Point /
Genesis Energy: Look for a short limit order entry @$2.33

Genesis Energy has broken the first Woodie support point ($2.33) [Bearish]. Look for a short limit order entry near this point. Exit price for GNE should be set @$2.3 & short position stoploss for Genesis Energy should be set at $2.38

GNE: Long term trend is still an Uptrend
Long Trend /
GNE: Long term trend is still an Uptrend

[BULLISH]: Genesis Energy is in an uptrend in the medium term timeframe.. The highest rally for the month is 13

The daily range for Genesis Energy has achieved a lower low [Downtrend]
Short Trend /
The daily range for Genesis Energy has achieved a lower low [Downtrend]

[BEARISH]: Genesis Energy is in a downtrend in the short term timeframe. The sellers have dominated the daily trade, however further confirmation is required before taking a position

MACD Volume /
GNE: Volume Moving Average Convergence Divergence [Bullish]

[BULLISH]: Genesis Energy currently has positive Volume MACD of 295. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Range Tod Vs Range Yest /
Genesis Energy: Range Performance (33.3)

[BEARISH]: Genesis Energy sellers are increasingly eager. There has been 2 consecutive days of range increase for GNE adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.1600 & the greatest daily price range this year has been $0.2900. The price range ratio this week versus the quarterly price range is 0.4x & the price range ratio this month versus the year to date price range is 0.6x.

Elders Force Index /
Genesis Energy: Direction, extent & volume have increased in recent trading [Buying Pressure]

[BULLISH]: Genesis Energy current price has highlighted recent buying pressure. Currently, the Elders Force Index is 329.

Price Range /
Recent trading for GNE has beaten the previous trading range ($0.04) [Uptrend]

GNE: Price Range Current Signal -> (1) 20 Jun: BULLISH (2) 19 Jun: BULLISH (3) 18 Jun: NEUTRAL

[Bearish]: Genesis Energy current trading has maintained the Relative Strength Index to Overbought status
Relative Strength Index /
[Bearish]: Genesis Energy current trading has maintained the Relative Strength Index to Overbought status

GNE: RSI Recent Trading -> (1) 20 Jun: 74.5 (2) 19 Jun: 77.7 (3) 18 Jun: 74.7

Market conditions are indicating accumulation is current for GNE
Accumulation / Distribution /
Market conditions are indicating accumulation is current for GNE

[BULLISH]: Genesis Energy current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 49489.

White Marubozu /
GNE Basic Candle: White Marubozu

[BULLISH]: Genesis Energy has formed a White Marubozu candlestick. This means, GNE has received strong buying confidence and upward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

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