High volatility in China Liberal Education Holdings Limited stock price on Wednesday which ended trading at $6.02
StockInvest.us, 2 weeks ago
The China Liberal Education Holdings Limited stock price gained 13.16% on the last trading day (Wednesday, 22nd Jan 2025), rising from $5.32 to $6.02. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 27.59% from a day low at $4.82 to a day high of $6.15. The price has been going up and down for this period, and there has been a 68.16% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 126 million more shares were traded than the day before. In total, 126 million shares were bought and sold for approximately $758.45 million.
Given the current short-term trend, the stock is expected to rise 441.91% during the next 3 months and, with a 90% probability hold a price between $8.86 and $32.62 at the end of this 3-month period.
The China Liberal Education Holdings Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $4.78 and $2.20. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, December 23, 2024, and so far it has risen 3,616.05%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
On the downside, the stock finds support just below today's level from accumulated volume at $5.05 and $5.00.There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, China Liberal Education Holdings Limited finds support just below today's level at $5.05. If this is broken, then the next support from accumulated volume will be at $5.00 and $4.71.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $1.33 between high and low, or 27.59%. For the last week, the stock has had daily average volatility of 24.28%.
China Liberal Education Holdings Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Check full China Liberal Education Holdings Limited forecast and analysis here.