RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Youdao, Inc. stock price down 4.46% on Tuesday
(Updated on Nov 12, 2024)

Buy or Hold candidate since Sep 26, 2024 Gain 46.86%

The Youdao, Inc. stock price fell by -4.46% on the last day (Tuesday, 12th Nov 2024) from $5.38 to $5.14. During the last trading day the stock fluctuated 4.50% from a day low at $5.07 to a day high of $5.30. The price has been going up and down for this period, and there has been a -1.34% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -21 thousand shares and in total, 58 thousand shares were bought and sold for approximately $299.42 thousand.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 57.19% during the next 3 months and, with a 90% probability hold a price between $7.10 and $11.20 at the end of this 3-month period.

DAO Signals & Forecast

The Youdao, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $5.22. On a fall, the stock will find some support from the long-term average at approximately $4.90. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, October 02, 2024, and so far it has fallen -13.61%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Youdao, Inc. stock

Youdao, Inc. finds support from accumulated volume at $5.13 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.228 between high and low, or 4.50%. For the last week the stock has had daily average volatility of 4.65%.

Our recommended stop-loss: $4.84 (-5.92%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 29 days ago.)

Trading Expectations (DAO) For The Upcoming Trading Day Of Wednesday 13th

For the upcoming trading day on Wednesday, 13th we expect Youdao, Inc. to open at $5.17, and during the day (based on 14 day Average True Range), to move between $4.80 and $5.48, which gives a possible trading interval of +/-$0.337 (+/-6.56%) up or down from last closing price. If Youdao, Inc. takes out the full calculated possible swing range there will be an estimated 13.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $5.13 (0.19%) than the resistance at $5.48 (6.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Earnings coming up

Youdao, Inc. will release earnings BMO on Thursday, November 14, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0600. We will update the financials statements for Youdao, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 13.82% in the first trading day after earnings release.

Is Youdao, Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Youdao, Inc. stock to perform well in the short-term.

Current score: 1.662 Buy Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on November 13, 2024 - $5.17 ( 0.532%).

Trading levels for DAO

Fibonacci Support & Resistance Levels

Level Price
R3 5.40 4.97%
R2 5.31 3.27%
R1 5.25 2.23%
Price 5.14
S1 5.08 -1.16%
S2 5.03 -2.21%
S3 4.94 -3.90%

Accumulated Volume Support & Resistance Levels

Level Price
R3 5.95 15.76%
R2 5.56 8.17%
R1 5.48 6.61%
Price 5.14
S1 5.13 -0.195%
S2 4.15 -19.26%
S3 3.98 -22.57%

FAQ

What is the symbol for Youdao, Inc. Stock and on which exchange is it traded?
The symbol for Youdao, Inc. is DAO and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Youdao, Inc. Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Youdao, Inc. stock to perform well in the short-term.

How to buy Youdao, Inc. Stock?
Youdao, Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Youdao, Inc. Stock.

What's the current price of Youdao, Inc. Stock?
As of the end of day on the Nov 12, 2024, the price of an Youdao, Inc. (DAO) share was $5.14.

What is the 52-week high and low for Youdao, Inc. Stock?
The 52-week high for Youdao, Inc. Stock is $5.97 and the 52-week low is $2.86.

What is the market capitalization of Youdao, Inc. Stock?
As of the Nov 12, 2024, the market capitalization of Youdao, Inc. is 641.817M.

When is the next earnings date for Youdao, Inc.?
The upcoming earnings date for Youdao, Inc. is Nov 14, 2024.
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ABOUT YOUDAO, INC.
Youdao.
Youdao, Inc., an internet technology company, provides online services in the field of content, community, communication, and commerce in China. It operates through three segments: Learning Services, Smart Devices, and Online Marketing Services. The company provides various learning content, applications, and solutions, which cover topics and target people from various age groups for their learning needs through its websites and mobile applicatio...
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