Educational Development Corporation Stock Forecast
Red day on Tuesday for Educational Development Corporation
(Updated on Jun 25, 2024)
The Educational Development Corporation stock price fell by -0.521% on the last day (Tuesday, 25th Jun 2024) from $1.92 to $1.91. During the last trading day the stock fluctuated 2.98% from a day low at $1.91 to a day high of $1.97. The price has risen in 6 of the last 10 days and is up by 17.9% over the past 2 weeks. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 thousand shares were bought and sold for approximately $5.44 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -22.71% during the next 3 months and, with a 90% probability hold a price between $1.14 and $1.77 at the end of this 3-month period. 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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EDUC Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 17.90%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Educational Development Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $1.95 and $1.93. A break-up above any of these levels will issue buy signals. Educational Development Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Educational Development Corporation stock
Educational Development Corporation finds support from accumulated volume at $1.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0570 between high and low, or 2.98%. For the last week, the stock has had daily average volatility of 3.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EDUC) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Educational Development Corporation to open at $1.93, and during the day (based on 14 day Average True Range), to move between $1.77 and $2.05, which gives a possible trading interval of +/-$0.145 (+/-7.58%) up or down from last closing price. If Educational Development Corporation takes out the full calculated possible swing range there will be an estimated 15.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.92 (0.52%) than the support at $1.90 (0.52%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Educational Development Corporation stock A Buy?
Educational Development Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.046 Sell Candidate Unchanged
Predicted Opening Price for Educational Development Corporation of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $1.93 ( 0.99%) | $1.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EDUC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.99 | 3.98% |
| R2 | 1.96 | 2.84% |
| R1 | 1.95 | 2.13% |
| Price | 1.91 | |
| S1 | 1.91 | -0.145% |
| S2 | 1.89 | -0.85% |
| S3 | 1.87 | -1.99% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.18 | 14.14% |
| R2 | 2.01 | 5.24% |
| R1 | 1.92 | 0.524% |
| Price | 1.91 | |
| S1 | 1.90 | -0.524% |
| S2 | 1.75 | -8.38% |
| S3 | 1.62 | -15.18% |
EDUC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 31, 2022 | Feb 18, 2022 | Mar 10, 2022 | $0.100 | 1.19% |
| 2 | Oct 07, 2021 | Nov 17, 2021 | Dec 09, 2021 | $0.100 | 1.17% |
| 3 | Jul 08, 2021 | Aug 23, 2021 | Sep 07, 2021 | $0.100 | 0.91% |
| 4 | May 12, 2021 | Jun 01, 2021 | Jun 17, 2021 | $0.100 | 0.726% |
| 5 | Jan 11, 2021 | Feb 22, 2021 | Mar 11, 2021 | $0.100 | 0.523% |
FAQ
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