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Puxin Limited Stock Forecast NYSE:NEW

$0.37 (9.06%)

Volume: 937k

Closed: Dec 08, 2021

Hollow Logo Score: -4.284

Puxin Limited Stock Forecast

$0.37 (9.06%)

Volume: 937k

Closed: Dec 08, 2021

Score Hollow Logo -4.284
Which way will NEW go? Request

NEW Stock Risk

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0350 between high and low, or 10.29%. For the last week the stock has had a daily average volatility of 15.66%.

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: [ 25 - 75 ] RSI14 is 29 and the stock is currently not being overbought or oversold

Big movements in Puxin Limited stock price on Wednesday moving 10.29% between high and low
(Updated on Dec 08, 2021)


Sell candidate since 2021-11-15 Loss -33.03%

The Puxin Limited stock price gained 9.06% on the last trading day (Wednesday, 8th Dec 2021), rising from $0.34 to $0.37. During the day the stock fluctuated 10.29% from a day low at $0.34 to a day high of $0.38. The price has been going up and down for this period, and there has been a -20.64% loss for the last 2 weeks. Volume fell on the last day by -256 thousand shares and in total, 937 thousand shares were bought and sold for approximately $349.38 thousand. 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 of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.32 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.61% during the next 3 months and, with a 90% probability hold a price between $0.28 and $0.61 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. The Puxin Limited 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 $0.52. On a fall, the stock will find some support from the short-term average at $0.37. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Friday, December 03, 2021, and so far it has risen 14.77%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss

Puxin Limited finds support from accumulated volume at $0.36 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0350 between high and low, or 10.29%. For the last week the stock has had a daily average volatility of 15.66%.

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

Is Puxin Limited stock A Buy?

Puxin Limited 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: -4.284

Predicted Opening Price for Puxin Limited 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
$0.36 $0.37 (Overvalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 15.66 %
Overall Risk: Very High High Medium Low Very Low
Volatility
15.66 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $0.38
Price: $0.37
Support: $0.36

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 0.40 6.61 %
0.38 3.03 %
0.38 0.81 %
Current price: 0.37
Support 0.35 -6.35 %
0.34 -8.57 %
0.33 -12.15 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0.45 21.61 %
0.39 4.56 %
0.38 0.59 %
Current price 0.37
Support 0.36 -3.49%
0.34 -8.31%
0.33 -12.87%

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