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Educational Development Corporation Stock Forecast NASDAQ:EDUC

$9.35 (-0.64%)

Volume: 5k

Closed: Nov 26, 2021

Hollow Logo Score: -1.090

Educational Development Corporation Stock Forecast

$9.35 (-0.64%)

Volume: 5k

Closed: Nov 26, 2021

Score Hollow Logo -1.090
Which way will EDUC go? Request
Key Stats
Beta 0.81
Trailing Dividend Rate 4.22% ($0.39)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 42 and the stock is currently not being overbought or oversold

Red day on Friday for Educational Development Corporation stock after losing 0.64%
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-22

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
$9.26 $9.35 (Overvalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 6.43 %
Overall Risk: Very High High Medium Low Very Low
Volatility
6.43 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $9.59
Price: $9.35
Support: $9.15

EDUC Insider Trading Show all Trades

INSIDER POWER

6.307

Last 100 transactions
Buy: 481 466 | Sell: 76 337 (Shares)
Date Action Amount Person Type
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
Show all Insider Trades
INSIDER POWER

6.307

Last 100 transactions
Buy: 481 466 | Sell: 76 337 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 9.66 3.35 %
9.51 1.72 %
9.42 0.71 %
Current price: 9.35
Support 9.11 -2.56 %
9.02 -3.57 %
8.86 -5.20 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 9.70 3.74 %
9.66 3.32 %
9.59 2.57 %
Current price 9.35
Support 9.15 -2.14%
9.14 -2.25%
9.08 -2.89%

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About Educational Development Corporation

Educational Development Educational Development Corporation operates as a trade publisher of the line of educational children’s books in the United States. It offers various books, including Touchy-Feely board books, activity and flashcards, adventure and search books, art books, sticker books, and foreign language books, as well as science and math titles, and chapter books and novels. The company operates through two divisions, Home Business and Publishing. The Home ... Read more

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