GRAND CANYON EDUCATION INC. - Daily - Technical analysis published on 11/18/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
44%
28%
28%
My opinion
Bearish under 90.83 USD
My targets
84.89 USD (-3.33%)
71.61 USD (-18.45%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GRAND CANYON EDUCATION INC. as long as the price remains well below 90.83 USD. The sellers” bearish objective is set at 84.89 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 71.61 USD. In case of crossing, the next objective would be the support located at 60.78 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
5.5
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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 GRAND CANYON EDUCATION INC. rating is 87.81 USD. The price has increased by +2.03% since the last closing and was traded between 85.44 USD and 88.53 USD over the period. The price is currently at +2.77% from its lowest and -0.81% from its highest.85.44
88.53
87.81
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GRAND CANYON EDUCATION INC.:
Technical
A technical analysis in Daily of this GRAND CANYON EDUCATION INC. chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 5 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 60.78 | 71.61 | 84.89 | 87.81 | 90.83 | 99.30 | 108.75 |
| Change (%) | -30.78% | -18.45% | -3.33% | - | +3.44% | +13.09% | +23.85% |
| Change | -27.03 | -16.20 | -2.92 | - | +3.02 | +11.49 | +20.94 |
| Level | Intermediate | Intermediate | 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 | 83.01 | 84.41 | 85.23 | 86.63 | 87.45 | 88.85 | 89.67 |
| Camarilla | 85.45 | 85.65 | 85.86 | 86.06 | 86.26 | 86.47 | 86.67 |
| Woodie | 82.73 | 84.27 | 84.95 | 86.49 | 87.17 | 88.71 | 89.39 |
| Fibonacci | 84.41 | 85.26 | 85.78 | 86.63 | 87.48 | 88.00 | 88.85 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 80.66 | 82.96 | 84.51 | 86.81 | 88.36 | 90.66 | 92.21 |
| Camarilla | 85.00 | 85.35 | 85.71 | 86.06 | 86.41 | 86.77 | 87.12 |
| Woodie | 80.29 | 82.77 | 84.14 | 86.62 | 87.99 | 90.47 | 91.84 |
| Fibonacci | 82.96 | 84.43 | 85.34 | 86.81 | 88.28 | 89.19 | 90.66 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 77.07 | 84.04 | 88.00 | 94.97 | 98.93 | 105.90 | 109.86 |
| Camarilla | 88.95 | 89.96 | 90.96 | 91.96 | 92.96 | 93.96 | 94.97 |
| Woodie | 75.57 | 83.29 | 86.50 | 94.22 | 97.43 | 105.15 | 108.36 |
| Fibonacci | 84.04 | 88.22 | 90.80 | 94.97 | 99.15 | 101.73 | 105.90 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 35.86 | |
| MACD (12,26,9): | -3.3100 | |
| Directional Movement: | -25.95 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 85.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 90.43 | |
| Elder Ray (13): | -2.04 | |
| Super Trend (3,10): | 95.57 | |
| Zig ZAG (10): | 87.81 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 57.50 | |
| TEMA (21): | 86.52 | |
| Williams %R (14): | -34.39 | |
| Chande Momentum Oscillator (20): | -4.15 | |
| Repulse (5,40,3): | 1.7900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.5200 | |
| Courbe Coppock: | 11.40 |
| MA7: | 87.23 | |
| MA20: | 90.38 | |
| MA50: | 98.06 | |
| MA100: | 110.25 | |
| MAexp7: | 87.81 | |
| MAexp20: | 90.62 | |
| MAexp50: | 97.84 | |
| MAexp100: | 105.00 | |
| Price / MA7: | +0.66% | |
| Price / MA20: | -2.84% | |
| Price / MA50: | -10.45% | |
| Price / MA100: | -20.35% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -3.10% | |
| Price / MAexp50: | -10.25% | |
| Price / MAexp100: | -16.37% |
News
The latest news and videos published on GRAND CANYON EDUCATION INC. at the time of the analysis were as follows:
- Grand Canyon Education, Inc. Reports Third Quarter 2019 Results
- Grand Canyon Education, Inc. Reports Second Quarter 2019 Results
- Grand Canyon Education, Inc. Reports First Quarter 2019 Results
- Grand Canyon Education, Inc. Reports Fourth Quarter and Full Year 2018 Results
- Grand Canyon Education Signs Definitive Agreement to Acquire Orbis Education Services
This member declared not having a position on this financial instrument or a related financial instrument.
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