Evolve Education Group Limited Stock Forecast
Evolve Education Group Limited stock upgraded to Buy Candidate.
(Updated on Jul 02, 2024)
The Evolve Education Group Limited stock price gained 0.719% on the last trading day (Tuesday, 2nd Jul 2024), rising from $0.695 to $0.700. During the last trading day the stock fluctuated 0% from a day low at $0.700 to a day high of $0.700. The price has been going up and down for this period, and there has been a -1.41% 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, 1 thousand more shares were traded than the day before. In total, 52 thousand shares were bought and sold for approximately $36.41 thousand.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.75% during the next 3 months and, with a 90% probability hold a price between $0.703 and $0.766 at the end of this 3-month period.
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EVO.AX Signals & Forecast
The Evolve Education Group Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.699 and $0.697. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 1.45%. Further rise is indicated until a new top pivot has been found. Evolve Education Group Limited 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Evolve Education Group Limited stock
Evolve Education Group Limited finds support from accumulated volume at $0.695 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0 (0%) between high and low. For the last week, the stock has had daily average volatility of 1.31%.
Our recommended stop-loss: $0.657 (-6.11%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (EVO.AX) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Evolve Education Group Limited to open at $0.700, and during the day (based on 14 day Average True Range), to move between $0.687 and $0.713, which gives a possible trading interval of +/-$0.0131 (+/-1.87%) up or down from last closing price. If Evolve Education Group Limited takes out the full calculated possible swing range there will be an estimated 3.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.695 (0.71%) than the resistance at $0.710 (1.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Evolve Education Group Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Evolve Education Group Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.036 Buy Candidate Upgraded
Predicted Opening Price for Evolve Education Group Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.700 ( 0.00000000%) | $0.700 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EVO.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.700 | 0.00000000% |
| R2 | 0.700 | 0.00000000% |
| R1 | 0.700 | 0.00000000% |
| Price | 0.700 | |
| S1 | 0.700 | 0.00000000% |
| S2 | 0.700 | 0.00000000% |
| S3 | 0.700 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.730 | 4.29% |
| R2 | 0.720 | 2.86% |
| R1 | 0.710 | 1.43% |
| Price | 0.700 | |
| S1 | 0.695 | -0.714% |
| S2 | 0.670 | -4.29% |
| S3 | 0.665 | -5.00% |
EVO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2024 | May 10, 2024 | Jun 03, 2024 | $0.0150 | 2.26% |
| 2 | Mar 05, 2024 | Mar 05, 2024 | Mar 26, 2024 | $0.0150 | 2.27% |
| 3 | Nov 06, 2023 | Nov 06, 2023 | Nov 28, 2023 | $0.0200 | 2.94% |
| 4 | Jul 19, 2023 | Jul 19, 2023 | Jul 19, 2023 | $0.0200 | 2.94% |
| 5 | Nov 23, 2022 | Nov 23, 2022 | Nov 23, 2022 | $0.0350 | 6.09% |
FAQ
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