EDU Technical Analysis - NEW ORIENTAL EDUCATIO-SP ADR

Technical Rating and Analysis

We assign a technical rating of 7 out of 10 to EDU. Although EDU is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.

86% of all other stocks performed better in the past year than EDU.

EDU is one of the lesser performing stocks in the Diversified Consumer Services industry. 68% of 75 stocks in the same industry do better.

The long and short term trends are both positive. This is looking good!

In the last month EDU has a been trading in the 48.13 - 55.91 range, which is quite wide. It is currently trading near the high of this range.

EDU has an average volume of 1196340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

EDU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EDU is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

NEW ORIENTAL EDUCATIO-SP ADR / EDU Weekly stock chart

NEW ORIENTAL EDUCATIO-SP ADR / EDU Daily stock chart

Setup Rating and Analysis

Although EDU has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

43.65

56.07

We found 3 important support areas.

A support zone ranging from 50.14 to 52.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 45.56 to 45.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @44.09 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 54.14 to 55.51. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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 EDU is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for EDU is up.
ChartMill Relative Strength	14.26	NEGATIVE	EDU has a low relative strength, it was outperformed by 85.74% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of EDU is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of EDU is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of EDU is above a declining SMA(200).
Relative Strength Index/RSI (14)	58.21	NEUTRAL	The RSI value for EDU is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.12	NEGATIVE	The MACD value suggests EDU has a negative trend, although the MACD value is rising.
Stochastics (14,3)	45.89	NEUTRAL	The Stochastics value for EDU is a neutral value.
Average True Range in percent/ATR (20)	3.02	MEDIUM VOLATILITY	The ATR as a percentage value for EDU suggests some volalility.
Average Directional Index/ADX (14)	20.25	NEUTRAL	The ADX value for EDU suggests a possible start of a new trend.