NEW ORIENTAL EDUCATIO-SP ADR (EDU) Stock Technical Analysis
NYSE:EDU - New York Stock Exchange, Inc. - US6475812060 - ADR - Currency: USD
We assign a technical rating of 6 out of 10 to EDU. In the last year, EDU was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, EDU is a bad performer in the overall market: 86% of all stocks are doing better.
EDU is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
EDU has an average volume of 1032640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
EDU is part of the Diversified Consumer Services industry. There are 71 other stocks in this industry, EDU did better than 41% of them.
In the last month EDU has a been trading in the 46.24 - 56.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
EDU has an average technical rating and also the quality of the setup is only medium 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
45.17
61.79
We found 3 important support areas.
- A support zone ranging from 48.01 to 49.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 46.44 to 46.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 45.63 to 45.64. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 54.15 to 54.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 55.48 to 55.51. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @61.18 from a trend line in the weekly time frame.
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 | UP | POSITIVE | The short term trend for EDU is up. |
| ChartMill Relative Strength | 14.25 | NEGATIVE | EDU has a low relative strength, it was outperformed by 85.75% 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 | NEGATIVE | The current price of EDU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.06 | NEUTRAL | The RSI value for EDU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests EDU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.75 | NEUTRAL | The Stochastics value for EDU is a neutral value. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for EDU suggests some volalility. |
| Average Directional Index/ADX (14) | 21.76 | NEUTRAL | The ADX value for EDU suggests a possible start of a new 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)
51.48
-0.04 (-0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDiversified Consumer Services
Performance
% Chg-0.08%
1 Week-5.51%
2 Weeks9.65%
1 Month11.38%
3 Month15.37%
6 Month-17.8%
12 Month-35.29%
2 Year-8.28%
3 Year87.81%
5 Year-63.28%
10 Year129.82%
15 Year-47.36%
Volatility
ATR(14)1.74
ATR(20)%3.24%
ATR Inc-11.73%
Range Today0.79
ADR(20)1.35
ADR(20)%2.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.25
Mansfield-1.75
10 Day High56.05
10 Day Low46.26
20 Day High56.05
20 Day Low46.24
52 Week High87.26
52 Week Low40.66
CS1 End49.01
CR1 Start54.15
Volume & EV
DER(3)-2.07%
DER(5)-2.26%
Volume488.50K
Volume Incr-27.53%
Vol(5)802.88K
Vol(50)1.03M