NEW ORIENTAL EDUCATIO-SP ADR (EDU) Stock Technical Analysis
USA - NYSE:EDU - US6475812060 - ADR
Overall EDU gets a technical rating of 6 out of 10. In the last year, EDU was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
EDU has an average technical rating and it also 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.
More info and screens
43.65
4 important support areas can be observed.
- A support zone ranging from 53.61 to 54.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @50.76 from a horizontal line in the daily time frame.
- A support zone ranging from 46.07 to 46.70. 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.
We found 1 important resistance area.
- A resistance zone ranging from 60.11 to 60.72. 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 EDU is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EDU is down. |
| ChartMill Relative Strength | 60.53 | NEUTRAL | EDU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EDU is below 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) | UP | POSITIVE | The current price of EDU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.53 | NEUTRAL | The RSI value for EDU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.75 | NEGATIVE | The MACD value suggests EDU has a negative trend. |
| Stochastics (14,3) | 11.9 | OVERSOLD | The low Stochastics value suggests EDU may be oversold. |
| Average True Range in percent/ATR (20) | 4.28 | MEDIUM VOLATILITY | The ATR as a percentage value for EDU suggests some volalility. |
| Average Directional Index/ADX (14) | 25.13 | POSITIVE | The high ADX value value for EDU suggests a strong trend. |
54.45
-0.8 (-1.45%)
NEW ORIENTAL EDUCATIO-SP ADR / EDU FAQ
Can you provide the ChartMill technical rating for NEW ORIENTAL EDUCATIO-SP ADR?
ChartMill assigns a technical rating of 6 / 10 to EDU.
What is the trend direction for EDU stock?
The current trend direction for NEW ORIENTAL EDUCATIO-SP ADR (EDU) is Bullish.
What is the RSI signal for NEW ORIENTAL EDUCATIO-SP ADR (EDU) stock?
NEW ORIENTAL EDUCATIO-SP ADR (EDU) has an RSI value of 43.5283. This indicates that the stock is currently neutral.
What is the MACD signal for EDU stock?
The MACD indicator for NEW ORIENTAL EDUCATIO-SP ADR (EDU) has a value of -0.747973, indicating a bearish trend.
What are the support and resistance levels for NEW ORIENTAL EDUCATIO-SP ADR (EDU) stock?
NEW ORIENTAL EDUCATIO-SP ADR (EDU) has a support level at 54.44 and a resistance level at 60.11. Check the full technical report for our detailed analysis of EDU support and resistance levels.