Youdao, Inc. Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy signal from moving average indicating potential upward movement.
Sell Signal (MA)
Sell signal from moving average indicating potential downward movement.
Stock Analysis |
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Risk Assessment |
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Trading Strategy |
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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
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