Educational Development Corporation Stock Forecast
Big movements in Educational Development Corporation stock price on Tuesday moving 11.56% between high and low
(Updated on Jul 02, 2024)
The Educational Development Corporation stock price gained 2.36% on the last trading day (Tuesday, 2nd Jul 2024), rising from $1.81 to $1.86. During the last trading day the stock fluctuated 11.56% from a day low at $1.73 to a day high of $1.93. The price has fallen in 5 of the last 10 days and is down by -4.38% for this period. Volume fell on the last day by -1 thousand shares and in total, 9 thousand shares were bought and sold for approximately $16.17 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -25.97% during the next 3 months and, with a 90% probability hold a price between $1.04 and $1.60 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 14.51%. 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. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.89 and $1.91. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. 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 $1.85 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.200 between high and low, or 11.56%. For the last week the stock has had daily average volatility of 6.03%.
Our recommended stop-loss: $1.79 (-3.28%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 59 days ago.)
Trading Expectations (EDUC) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Educational Development Corporation to open at $1.84, and during the day (based on 14 day Average True Range), to move between $1.72 and $1.99, which gives a possible trading interval of +/-$0.138 (+/-7.42%) up or down from last closing price. If Educational Development Corporation takes out the full calculated possible swing range there will be an estimated 14.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.85 (0.08%) than the resistance at $1.90 (2.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Educational Development Corporation stock A Buy?
Educational Development Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.207 Hold/Accumulate Upgraded
Predicted Opening Price for Educational Development Corporation of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$1.84 ( 0.90%) | $1.86 |
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 | 2.04 | 9.88% |
R2 | 1.96 | 5.76% |
R1 | 1.91 | 3.22% |
Price | 1.86 | |
S1 | 1.76 | -5.02% |
S2 | 1.71 | -7.56% |
S3 | 1.64 | -11.68% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 2.18 | 17.52% |
R2 | 1.92 | 3.50% |
R1 | 1.90 | 2.43% |
Price | 1.86 | |
S1 | 1.85 | -0.0809% |
S2 | 1.75 | -5.66% |
S3 | 1.62 | -12.67% |
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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