Red day on Friday for Educational Development Corporation stock after losing 0.64%
(Updated on Nov 26, 2021)
Sell candidate since 2021-11-22 PDF
The Educational Development Corporation stock price fell by -0.64% on the last day (Friday, 26th Nov 2021) from $9.41 to $9.35. During the day the stock fluctuated 4.43% from a day low at $9.02 to a day high of $9.42. The price has fallen in 6 of the last 10 days and is down by -3.61% for this period. 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 -3 thousand shares and in total, 5 thousand shares were bought and sold for approximately $42.82 thousand.
The stock lies in the middle of a 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 -7.87% during the next 3 months and, with a 90% probability hold a price between $8.30 and $9.38 at the end of this 3-month period.
Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, November 18, 2021, and so far it has risen 2.97%. Further rise is indicated until a new top pivot has been found. 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 a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $9.69. On a fall, the stock will find some support from the short-term average at $9.33. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss
Educational Development Corporation finds support from accumulated volume at $9.15 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 $0.40 between high and low, or 4.43%. For the last week the stock has had a daily average volatility of 6.43%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is Educational Development Corporation stock A Buy?
Educational Development Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.090
Predicted Opening Price for Educational Development Corporation of Monday, November 29, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price November 29, 2021||Current price|
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EDUC Insider Trading
|Nov 04, 2021||Buy||2 539||O Keefe Daniel E||Common Stock|
|Nov 04, 2021||Buy||2 844||Cobb Heather N.||Common Stock|
|Nov 04, 2021||Buy||4 923||White Craig M||Common Stock|
|Jul 22, 2021||Sell||1 900||White Randall W||Common Stock|
|Jul 21, 2021||Buy||41 381||Cobb Heather N.||Common Stock|
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