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HLG - Hailiang Education Group Inc

Fri 25'th May 2018

PERIOD 2018-02-26 - 2018-05-25
CHANGE -0.62%
PRICE $81.96
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

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Hailiang Education Group Inc Stock Analysis

Technical stock analysis for Fri 25'th May 2018

Buy candidate since 2018-05-21 Gain 1.05%

Hailiang Education Group Inc fell by -0.62% in the last day from $82.47 to $81.96 The price has risen in 7 of the last 10 days and is up by 4.75% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -6 199 shares and in total 78 116 shares bought and sold for approximately $6.40 million.

Shorts 0.59% ( 2018-04-30 )
Cash n/a
Loans n/a
Beta -0.55
ROA 10.74

Trend

Hailiang Education Group Inc lies in the middle of a 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 32.29% during the next 3 months and, with 90% probability hold a price between $101.67 and $119.91 at the end of this period.

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Signals

Hailiang Education Group Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $81.55 and $79.89. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday May 24, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSI14 is 54 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $76.70 and $76.54.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Hailiang Education Group Inc finds support just below today's level at $76.70. If this is broken, then the next support from accumulated volume will be at $76.54 and $75.44.

Support: $76.70 Price: $81.96 Resistance: $82.09

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 $1.66 (2.04%) between high and low. For the last week, the stock has had a daily average volatility of 2.19%.

Our recommended stoploss: $78.23 (-4.54%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.

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