EDUC Technical Analysis - EDUCATIONAL DEVELOPMENT CORP

Technical Rating and Analysis

Overall EDUC gets a technical rating of 7 out of 10. In the last year, EDUC was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

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.

EDUC is one of the better performing stocks in the Distributors industry, it outperforms 85% of 22 stocks in the same industry.

When compared to the yearly performance of all other stocks, EDUC outperforms 40% of them, which is more or less in line with the market.

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

In the last month EDUC has a been trading in the 1.09 - 1.84 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

EDUCATIONAL DEVELOPMENT CORP / EDUC Weekly stock chart

EDUCATIONAL DEVELOPMENT CORP / EDUC Daily stock chart

Setup Rating and Analysis

Although EDUC has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.09

1.77

3 important support areas can be observed.

A support zone ranging from 1.34 to 1.38. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @1.15 from a trend line in the daily time frame.
Support @1.10 from a trend line in the weekly time frame.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 1.62 to 1.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @1.75 from a horizontal line in the daily time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for EDUC is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for EDUC is up.
ChartMill Relative Strength	40.41	NEUTRAL	EDUC is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of EDUC is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of EDUC is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of EDUC is above a declining SMA(200).
Relative Strength Index/RSI (14)	66.54	NEUTRAL	The RSI value for EDUC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests EDUC has a positive trend.
Stochastics (14,3)	44.1	NEUTRAL	The Stochastics value for EDUC is a neutral value.
Average True Range in percent/ATR (20)	8.4	HIGH VOLATILITY	The high ATR as a percentage value for EDUC suggests high volalility.
Average Directional Index/ADX (14)	44.06	POSITIVE	The high ADX value value for EDUC suggests a strong trend.