14-day Premium Trial Subscription Sign Up For FreeGet Free

Weaker Stock
Today METX ranks #16335 as sell candidate. Get a Free Stock at Robinhood
Stronger Stock

Meten EdtechX Education Group Ltd Stock Forecast NASDAQ:METX

$0.31 (2.62%)

Volume: 17M

Closed: Dec 08, 2021

Hollow Logo Score: -2.731

Meten EdtechX Education Group Ltd Stock Forecast

$0.31 (2.62%)

Volume: 17M

Closed: Dec 08, 2021

Score Hollow Logo -2.731
Which way will METX go? Request

METX Stock Risk

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 $0.0268 between high and low, or 9.16%. For the last week, the stock has had a daily average volatility of 12.52%.

Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 75 ] RSI14 is 31 and the stock is currently not being overbought or oversold

Stronger technical forecast for Meten EdtechX Education Group Ltd stock price after Wednesday trading.
(Updated on Dec 08, 2021)


Sell candidate since 2021-11-19 Loss -29.41%

The Meten EdtechX Education Group Ltd stock price gained 2.62% on the last trading day (Wednesday, 8th Dec 2021), rising from $0.30 to $0.31. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 9.16% from a day low at $0.29 to a day high of $0.32. The price has risen in 6 of the last 10 days, but is still down by -14.7% for this period. Volume fell on the last day by -6 million shares and in total, 17 million shares were bought and sold for approximately $5.04 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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 $0.27 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 16.45% during the next 3 months and, with a 90% probability hold a price between $0.31 and $0.83 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. The Meten EdtechX Education Group Ltd 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 $0.44. On a fall, the stock will find some support from the short-term average at $0.30. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Friday, December 03, 2021, and so far it has risen 16.00%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss

Meten EdtechX Education Group Ltd finds support from accumulated volume at $0.29 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.0268 between high and low, or 9.16%. For the last week, the stock has had a daily average volatility of 12.52%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Meten EdtechX Education Group Ltd stock A Buy?

Meten EdtechX Education Group Ltd 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -2.731

Predicted Opening Price for Meten EdtechX Education Group Ltd of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$0.31 $0.31 (Undervalued)
Sell Candidate Upgraded

Remember To Visit Our YouTube Channel

Analyst Ratings

Aegis is very positive about METX and gave it a "Buy" rating on Jun 28, 2021. The price target was set to $3.00.

Volatility and Risk
Daily Average Volatility: 12.52 %
Overall Risk: Very High High Medium Low Very Low
Volatility
12.52 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $0.31
Price: $0.31
Support: $0.29

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 0.33 8.91 %
0.32 5.56 %
0.32 3.48 %
Current price: 0.31
Support 0.30 -3.22 %
0.29 -5.29 %
0.28 -8.65 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0.38 24.80 %
0.36 17.82 %
0.31 0.0655 %
Current price 0.31
Support 0.29 -4.03%
0.28 -7.30%
0.26 -13.79%

Click to get the best stock tips daily for free!

Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!

Get access to Golden Star list now!

StockInvest.usJoin 100 000+ Happy Subscribers

Don't miss out on the runners!

Get The StockInvest.Us Newsletter

StockInvest.usStock Podcast

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT