Four Seasons Education (Cayman) Inc. Stock Forecast
Evaluation of Four Seasons Education (Cayman) Inc. stock downgraded after the last trading session.
(Updated on Apr 23, 2024)
The Four Seasons Education (Cayman) Inc. stock price gained 0.675% on the last trading day (Tuesday, 23rd Apr 2024), rising from $8.79 to $8.85. During the last trading day the stock fluctuated 0% from a day low at $8.85 to a day high of $8.85. The price has been going up and down for this period, and there has been a -8.86% 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, 23 more shares were traded than the day before. In total, 127 shares were bought and sold for approximately $1.12 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 $8.76 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 15.39% during the next 3 months and, with a 90% probability hold a price between $10.11 and $13.82 at the end of this 3-month period.
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FEDU Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 0.675%. Further rise is indicated until a new top pivot has been found. Four Seasons Education (Cayman) Inc. 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. The Four Seasons Education (Cayman) Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $9.75 and $10.20. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Four Seasons Education (Cayman) Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $8.01 and $7.62. 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, Four Seasons Education (Cayman) Inc. finds support just below today's level at $8.01. If this is broken, then the next support from accumulated volume will be at $7.62 and $7.58.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FEDU) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Four Seasons Education (Cayman) Inc. to open at $8.85, and during the day (based on 14 day Average True Range), to move between $8.54 and $9.15, which gives a possible trading interval of +/-$0.305 (+/-3.44%) up or down from last closing price. If Four Seasons Education (Cayman) Inc. takes out the full calculated possible swing range there will be an estimated 6.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $8.90 (0.57%) than the support at $8.01 (9.48%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Four Seasons Education (Cayman) Inc. will release earnings BMO on Wednesday, April 24, 2024. We will update the financials statements for Four Seasons Education (Cayman) Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.93% in the first trading day after earnings release.
Is Four Seasons Education (Cayman) Inc. stock A Buy?
The Four Seasons Education (Cayman) Inc. stock holds several negative signals and despite the positive trend, we believe Four Seasons Education (Cayman) Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.577 Sell Candidate Downgraded
Predicted Opening Price for Four Seasons Education (Cayman) Inc. of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$8.85 ( 0%) | $8.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FEDU
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.85 | . | |
R2 | 8.85 | . | ||
R1 | 8.85 | . | ||
Current price: | 8.85 | |||
Support | S1 | 8.85 | . | |
S2 | 8.85 | . | ||
S3 | 8.85 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.98 | 24.02 % | |
R2 | 10.90 | 23.17 % | ||
R1 | 8.90 | 0.573 % | ||
Current price | 8.85 | |||
Support | S1 | 8.01 | -9.48% | |
S2 | 7.62 | -13.89% | ||
S3 | 7.58 | -14.34% |
FEDU Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 07, 2020 | Jan 16, 2020 | Feb 10, 2020 | $1.80 | 6.34% |
2 | Jan 16, 2018 | Jan 31, 2018 | Feb 08, 2018 | $8.40 | 5.50% |
FAQ
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