Educational Development Corporation Stock Forecast

Green day on Friday for Educational Development Corporation stock after gaining 3.32%
(Updated on Apr 26, 2024)

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

The predicted opening price is based on yesterday's movements between high, low, and closing price.