China Liberal Education Holdings Limited Stock Forecast
High volatility in China Liberal Education Holdings Limited stock price on Thursday which ended trading at $1.12
(Updated on Apr 25, 2024)
The China Liberal Education Holdings Limited stock price gained 0.90% on the last trading day (Thursday, 25th Apr 2024), rising from $1.11 to $1.12. During the last trading day the stock fluctuated 11.54% from a day low at $1.04 to a day high of $1.16. The price has risen in 9 of the last 10 days and is up by 21.28% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 34 thousand shares were bought and sold for approximately $38.62 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $1.26 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CLEU Signals & Forecast
Mostly positive signals in the chart today. 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 $1.07 and $1.05. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 27.27%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). China Liberal Education Holdings Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for China Liberal Education Holdings Limited stock
China Liberal Education Holdings Limited finds support from accumulated volume at $1.11 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.120 between high and low, or 11.54%. For the last week, the stock has had daily average volatility of 8.44%.
Our recommended stop-loss: $1.08 (-3.56%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (CLEU) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect China Liberal Education Holdings Limited to open at $1.11, and during the day (based on 14 day Average True Range), to move between $1.01 and $1.23, which gives a possible trading interval of +/-$0.113 (+/-10.11%) up or down from last closing price. If China Liberal Education Holdings Limited takes out the full calculated possible swing range there will be an estimated 20.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.11 (0.89%) than the resistance at $1.16 (3.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is China Liberal Education Holdings Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 3.506 Buy Candidate Unchanged
Predicted Opening Price for China Liberal Education Holdings Limited of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $1.11 ( 1.19%) | $1.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CLEU
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.23 | 9.52 % | |
| R2 | 1.18 | 5.43 % | ||
| R1 | 1.15 | 2.90 % | ||
| Current price: | 1.12 | |||
| Support | S1 | 1.06 | -5.28 % | |
| S2 | 1.03 | -7.81 % | ||
| S3 | 0.99 | -11.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.29 | 15.18 % | |
| R2 | 1.22 | 8.93 % | ||
| R1 | 1.16 | 3.57 % | ||
| Current price | 1.12 | |||
| Support | S1 | 1.11 | -0.89% | |
| S2 | 1.03 | -8.04% | ||
| S3 | 0.91 | -18.75% |
FAQ
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