Fri 19'th Oct 2018
Hailiang Education Group Inc Stock Analysis
Technical stock analysis for Fri 19'th Oct 2018
|Shorts||2.24% ( 2018-09-28 )|
Hailiang Education Group Inc gained 4.73% in the last trading day, rising from $60.00 to $62.84 The price has fallen in 6 of the last 10 days , but is still up by 1.35% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 37 188 more shares were traded than the day before. In total, 70 298 shares bought and sold for approximately $4.42 million.
Hailiang Education Group Inc lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -23.44% during the next 3 months and, with 90% probability hold a price between $41.36 and $50.97 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday October 18, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Hailiang Education Group Inc holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $66.58. On a fall, the stock will find some support from the short-term average at $62.02. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 35 and the stock is currently not being overbought or oversold
Support & Resistance
Hailiang Education Group Inc finds support from accumulated volume at $61.51.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $10.19 between high and low, or 19.22%. For the last week, the stock has had a daily average volatility of 7.82%.
Our recommended stoploss: $59.58 (-5.19%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
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Hailiang Education Group Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Hold/Accumulate.Click for Top 5 Hold/Accumulates
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