RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of STG
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

A very red day for Sunlands Technology Group stock price after a -6.54% fall in the Thursday trading session
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Sunlands Technology Group stock price fell by -6.54% on the last day (Thursday, 28th Mar 2024) from $10.40 to $9.72. During the last trading day the stock fluctuated 1.49% from a day low at $9.71 to a day high of $9.85. The price has fallen in 5 of the last 10 days and is down by -11.15% for this period. Volume has increased on the last day by 269 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 thousand shares were bought and sold for approximately $19.25 thousand.

The stock lies in the middle of a very wide and strong 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 15.43% during the next 3 months and, with a 90% probability hold a price between $10.41 and $13.86 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

STG Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, March 21, 2024, and so far it has risen 0.725%. 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. The Sunlands Technology Group stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $9.96 and $9.75. 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). Sunlands Technology Group gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Friday, February 16, 2024 and based on theory for this formation the price should go up by 5.32% to $10.24 within 22 trading days since signal was issued (Monday, April 01, 2024).

Support, Risk & Stop-loss for Sunlands Technology Group stock

Sunlands Technology Group finds support from accumulated volume at $9.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.145 between high and low, or 1.49%. For the last week, the stock has had daily average volatility of 3.23%.

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

Trading Expectations (STG) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Sunlands Technology Group to open at $9.76, and during the day (based on 14 day Average True Range), to move between $9.21 and $10.23, which gives a possible trading interval of +/-$0.515 (+/-5.30%) up or down from last closing price. If Sunlands Technology Group takes out the full calculated possible swing range there will be an estimated 10.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $9.40 (3.29%) than the resistance at $10.17 (4.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Sunlands Technology Group stock A Buy?

The Sunlands Technology Group stock holds several negative signals and despite the positive trend, we believe Sunlands Technology Group 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 Strong Buy to a Sell candidate.

Current score: -2.621 Sell Candidate Downgraded

Predicted Opening Price for Sunlands Technology Group of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$9.76 ( 0.396%) $9.72

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

Trading levels for STG

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 9.90 1.88 %
R2 9.85 1.32 %
R1 9.81 0.96 %
Current price: 9.72
Support S1 9.70 -0.173 %
S2 9.67 -0.524 %
S3 9.61 -1.09 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 11.59 19.24 %
R2 10.54 8.38 %
R1 10.17 4.63 %
Current price 9.72
Support S1 9.40 -3.29%
S2 9.17 -5.63%
S3 8.65 -11.02%

STG Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 13, 2022 Jun 29, 2022 Jul 29, 2022 $1.26 24.42%

FAQ

What is the symbol for Sunlands Technology Group Stock and on which exchange is it traded?
The symbol for Sunlands Technology Group is STG and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Sunlands Technology Group Stock?
The Sunlands Technology Group stock holds several negative signals and despite the positive trend, we believe Sunlands Technology Group 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 Strong Buy to a Sell candidate.

How to buy Sunlands Technology Group Stock?
Sunlands Technology Group Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Sunlands Technology Group Stock.

What's the current price of Sunlands Technology Group Stock?
As of the end of day on the 2024-03-28, the price of an Sunlands Technology Group (STG) share was $9.72.

What is the 52-week high and low for Sunlands Technology Group Stock?
The 52-week high for Sunlands Technology Group Stock is $12.55 and the 52-week low is $2.97.

What is the market capitalization of Sunlands Technology Group Stock?
As of the 2024-03-28, the market capitalization of Sunlands Technology Group is 126.324M.

When is the next earnings date for Sunlands Technology Group?
The upcoming earnings date for Sunlands Technology Group is May 23, 2024.
Click to get the best stock tips daily for free!

About Sunlands Technology Group

Sunlands Technology Group, through its subsidiaries, provides online education services in the People's Republic of China. It offers various degree- and diploma-oriented post-secondary courses, including preparation courses for the self-taught higher education examination (STE) for learners pursuing associate diplomas or bachelor's degrees, as well as for the entrance examinations of Master of Business Administration programs. The company's STE c... STG Profile

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