GRAND CANYON EDUCATION INC (LOPE) Stock Technical Analysis
NASDAQ:LOPE - Nasdaq - US38526M1062 - Common Stock - Currency: USD
Overall LOPE gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LOPE is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, LOPE did better than 89% of all other stocks. We also observe that the gains produced by LOPE over the past year are nicely spread over this period.
LOPE is one of the better performing stocks in the Diversified Consumer Services industry, it outperforms 74% of 72 stocks in the same industry.
LOPE is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so LOPE is leading the market.
LOPE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
LOPE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 195.49. Right above this resistance zone may be a good entry point.
More info and screens
134.21
199.97
We found 7 important support areas.
- A support zone ranging from 193.40 to 195.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 177.44 to 182.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @170.84 from a trend line in the daily time frame.
- A support zone ranging from 164.86 to 167.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @159.62 from a horizontal line in the daily time frame.
- Support @139.19 from a trend line in the weekly time frame.
- Support @135.57 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 197.45 to 197.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for LOPE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LOPE is up. |
| ChartMill Relative Strength | 89.43 | POSITIVE | LOPE has a high relative strength, it outperformed 89.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LOPE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LOPE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LOPE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.67 | NEUTRAL | The RSI value for LOPE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests LOPE has a negative trend. |
| Stochastics (14,3) | 57.84 | NEUTRAL | The Stochastics value for LOPE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for LOPE suggests some volalility. |
| Average Directional Index/ADX (14) | 39.52 | POSITIVE | The high ADX value value for LOPE suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 198.00 | 193.39 | 4.61 (2.33%) | 25.00% |
| An entry @198.00. This is a Buy Stop order right above the resistance zone. | An exit @193.39. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.61 points, which is 2.33%. | For a 0.58% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of LOPE. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
196.84
+2.67 (+1.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDiversified Consumer Services
Performance
% Chg1.38%
1 Week-1.66%
2 Weeks-0.98%
1 Month10.55%
3 Month6.86%
6 Month16.65%
12 Month33.49%
2 Year85.35%
3 Year117.75%
5 Year98.97%
10 Year354.62%
15 Year690.59%
Volatility
ATR(14)4.2
ATR(20)%2.21%
ATR Inc-42.21%
Range Today3.34
ADR(20)3.9
ADR(20)%1.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.43
Mansfield1.99
10 Day High198.58
10 Day Low192.35
20 Day High202.28
20 Day Low173.98
52 Week High202.28
52 Week Low130.69
CS1 End193.4
CR1 Start195.49
Volume & EV
DER(3)0.46%
DER(5)0.86%
Volume155.81K
Volume Incr-44.4%
Vol(5)130.28K
Vol(50)231.43K