Grand Canyon Education Inc (LOPE): Price Now Near $89.34; Daily Chart Shows Downtrend on 100 Day Basis

The Hourly View for LOPE

At the moment, LOPE (Get Ratings)’s price is up $0.79 (0.89%) from the hour prior. This is the 2nd hour in a row LOPE has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Of note is that the 100 hour changed directions on LOPE; it is now pointing up. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Out of Personal Services stocks, LOPE ranks 4th in regards to today’s price percentage change.

LOPE’s Technical Outlook on the Daily Chart

Currently, LOPE’s price is up $0.94 (1.06%) from the day prior. LOPE has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. Regarding moving averages, it should first be noted that price has crossed the 100 day moving average, resulting in them with price now being above it. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The chart below shows LOPE’s price action over the past 90 days.

LOPE

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LOPE: Daily RSI Analysis

  • For LOPE, its RSI is now at 41.3127.
  • LOPE and RSI both have consistent trends, as they are both heading up.

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