Educational Development Corporation Stock Forecast
Green day on Friday for Educational Development Corporation
(Updated on Apr 26, 2024)
The Educational Development Corporation stock price gained 3.32% on the last trading day (Friday, 26th Apr 2024), rising from $2.11 to $2.18. During the last trading day the stock fluctuated 7.73% from a day low at $2.14 to a day high of $2.30. The price has been going up and down for this period, and there has been a -16.79% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 10 thousand shares were bought and sold for approximately $20.92 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.00 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 34.17% during the next 3 months and, with a 90% probability hold a price between $2.68 and $4.10 at the end of this 3-month period.
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EDUC Signals & Forecast
There are mixed signals in the stock today. 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 $2.20. On a fall, the stock will find some support from the short-term average at $2.07. 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. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -24.31%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Educational Development Corporation has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Educational Development Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $2.07 and $1.92. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Educational Development Corporation finds support just below today's level at $2.07. If this is broken, then the next support from accumulated volume will be at $1.92 and $1.76.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.165 between high and low, or 7.73%. For the last week, the stock has had daily average volatility of 7.60%.
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 Monday 29th
For the upcoming trading day on Monday, 29th we expect Educational Development Corporation to open at $2.21, and during the day (based on 14 day Average True Range), to move between $1.94 and $2.42, which gives a possible trading interval of +/-$0.236 (+/-10.82%) up or down from last closing price. If Educational Development Corporation takes out the full calculated possible swing range there will be an estimated 21.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.07 (5.05%) than the resistance at $2.50 (14.68%), 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 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: -2.415 Sell Candidate Unchanged
Predicted Opening Price for Educational Development Corporation of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$2.21 ( 1.15%) | $2.18 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 2.37 | 8.72 % | |
R2 | 2.31 | 5.82 % | ||
R1 | 2.27 | 4.04 % | ||
Current price: | 2.18 | |||
Support | S1 | 2.14 | -1.74 % | |
S2 | 2.10 | -3.53 % | ||
S3 | 2.04 | -6.42 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.62 | 20.18 % | |
R2 | 2.51 | 15.14 % | ||
R1 | 2.50 | 14.68 % | ||
Current price | 2.18 | |||
Support | S1 | 2.07 | -5.05% | |
S2 | 1.92 | -11.93% | ||
S3 | 1.76 | -19.27% |
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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