HLG - Hailiang Education Group Inc

Exchange: NASDAQ

HLG - Hailiang Education Group Inc

Exchange: NASDAQ

Fri 19'th Oct 2018

PERIOD 2018-07-20 - 2018-10-19
CHANGE 4.73%
PRICE $62.84





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Hailiang Education Group Inc Stock Analysis

Technical stock analysis for Fri 19'th Oct 2018

Hold candidate since 2018-10-19
Shorts 2.24% ( 2018-09-28 )
Cash n/a
Loans n/a
Beta -0.33
ROA 10.74

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.

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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.

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A buy signal from a double bottom formation was found on Thursday October 18, 2018 and based on theory for this formation the price should go up by 6.89% to $67.07 within 6 trading days since signal was issued (Friday October 26, 2018).

Relative Strength Index (RSI)

RSI14 is 35 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Hailiang Education Group Inc finds support from accumulated volume at $61.51.

Support: $61.51 Price: $62.84 Resistance: $69.31


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.)

Overall risk:

Very Low Low Medium High Very High


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.


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