Evolve Education Group Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Wednesday for Evolve Education Group Limited
(Updated on Jul 03, 2024)
No changes to the price of Evolve Education Group Limited stock on the last trading day (Wednesday, 3rd Jul 2024). During the last trading day the stock fluctuated 0.719% from a day low at $0.695 to a day high of $0.700. The price has risen in 4 of the last 10 days but is still down by -0.71% for this period.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.694 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 4.01% during the next 3 months and, with a 90% probability hold a price between $0.722 and $0.769 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. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
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.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0050 between high and low, or 0.719%. For the last week the stock has had daily average volatility of 1.31%
Our recommended stop-loss: $0.657 (-6.14%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (EVO.AX) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Evolve Education Group Limited to open at $0.698, 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 +/-$0.0125 (+/-1.79%) 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 3.58% 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.
Current score: 3.529 Buy Candidate Unchanged
Predicted Opening Price for Evolve Education Group Limited of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| $0.698 ( 0.238%) | $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 | 0.703 | 0.476% |
| R2 | 0.701 | 0.203% |
| R1 | 0.700 | 0.0348% |
| Price | 0.700 | |
| S1 | 0.696 | -0.511% |
| S2 | 0.695 | -0.680% |
| S3 | 0.693 | -0.95% |
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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