HLG - Hailiang Education Group Inc

Exchange: NASDAQ

HLG - Hailiang Education Group Inc

Exchange: NASDAQ
#5135()/7561

Tue 14'th Aug 2018

PERIOD 2018-05-15 - 2018-08-14
CHANGE 3.95%
PRICE $72.05
VOLUME
Sell
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

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Hailiang Education Group Inc Stock Analysis

Technical stock analysis for Tue 14'th Aug 2018

Sell candidate since 2018-08-13 Gain 3.95%
Shorts 1.59% ( 2018-07-31 )
Cash n/a
Loans n/a
Beta -0.64
ROA 10.74

Hailiang Education Group Inc gained 3.95% in the last trading day, rising from $69.31 to $72.05 The price has risen in 8 of the last 10 days , but is still down by -9.25% for this period. Volume fell in the last day by -166 008 shares, and in total, 97 944 shares bought and sold for approximately $7.06 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

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 -2.22% during the next 3 months and, with 90% probability hold a price between $67.74 and $80.30 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

A buy signal was issued from a pivot bottom point on Monday August 13, 2018, which indicates further gains 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 may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Hailiang Education Group Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $78.69 and $79.87. A break-up above any of these levels will issue buy signals.

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A sell signal from a double bottom formation was found on Friday August 10, 2018 with a target of $78.33. Despite the objective of the signal formation has been reached the stock may continue to fall.

Relative Strength Index (RSI)

RSI14 is 32 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 $69.31.

Support: $69.31 Price: $72.05 Resistance: $78.66

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $4.09 (6.02%) between high and low. For the last week, the stock has had a daily average volatility of 5.38%.

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

Overall risk:

Very Low Low Medium High Very High

Evaluation

Hailiang Education Group Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Sell Candidate

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