NEW ORIENTAL EDUCATIO-SP ADR (EDU) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EDU - US6475812060 - ADR
We assign a technical rating of 3 out of 10 to EDU. In the last year, EDU was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
Although the technical rating is bad, EDU does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 53.07, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EDU in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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43.65
We found 4 important support areas.
- A support zone ranging from 50.65 to 53.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @47.59 from a trend line in the daily time frame.
- Support @46.57 from a trend line in the weekly time frame.
- Support @44.09 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @57.17 from a trend line in the weekly time frame.
- A resistance zone ranging from 59.60 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 | NEUTRAL | NEUTRAL | The long term trend for EDU is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EDU is neutral. |
| ChartMill Relative Strength | 28.33 | NEGATIVE | EDU has a low relative strength, it was outperformed by 71.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of EDU is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of EDU is below 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) | 52.61 | NEUTRAL | The RSI value for EDU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests EDU has a positive trend. |
| Stochastics (14,3) | 74.92 | NEUTRAL | The Stochastics value for EDU is a neutral value. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for EDU suggests some volalility. |
| Average Directional Index/ADX (14) | 18.04 | NEGATIVE | The low ADX value for EDU suggests a weak or negative trend. |
53.9
+1.12 (+2.12%)
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 3 / 10 to EDU.
What is the trend direction for EDU stock?
The current trend direction for NEW ORIENTAL EDUCATIO-SP ADR (EDU) is Bearish.
What is the RSI signal for NEW ORIENTAL EDUCATIO-SP ADR (EDU) stock?
NEW ORIENTAL EDUCATIO-SP ADR (EDU) has an RSI value of 52.6105. 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 0.330228, 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 53.07 and a resistance level at 57.17. Check the full technical report for our detailed analysis of EDU support and resistance levels.