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HLG - Hailiang Education Group Inc

Fri 23'rd Feb 2018

PERIOD 2017-11-24 - 2018-02-23
CHANGE 0.33%
PRICE $60.35





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Hailiang Education Group Inc Stock Analysis

Technical stock analysis for Fri 23'rd Feb 2018

Shorts 0.59% ( 2018-01-31 )
Cash n/a
Loans n/a
Beta -0.33
ROA 13.13
Buy candidate since 2018-02-08 Gain 22.99%

Hailiang Education Group Inc gained 0.33% in the last trading day, rising from $60.15 to $60.35 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 9 of the last 10 days and is up by 22.99% 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, 56 504 more shares were traded than the day before. In total, 144 336 shares bought and sold for approximately $8.71 million.

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Hailiang Education Group Inc has broken the wide and strong rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $56.11, a level that may pose a second chance to hit a runner. According to fan-theory $63.31 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.

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Only positive signals in the chart today. 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 $58.59 and $50.01. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday February 07, 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.

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Relative Strength Index (RSI)

RSI14 is 97 and the stock is extremely overbought on RSI14, but may also ontinue to gain. Some stocks see their best performance while being overbought, but very seldom does RSI remain so high for a long time without short corrections. Risk has therefore increased and larger daily movements can be expected for the next couple of days.

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Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $51.18 and $49.07. There is no resistance from accumulated volume above today's level and given the right condition the stock may perform very well during the next couple of days.

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 $51.18. If this is broken, then the next support from accumulated volume will be at $49.07 and $47.10.

Support: $51.18 Price: $60.35


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 $2.71 between high and low, or 4.70%. For the last week, the stock has had a daily average volatility of 3.38%.

The stock is extremely overbought on RSI14 (97). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stoploss: $57.78 (-4.26%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 97 and this increases the risk substantially. There is a buy signal from pivot bottom found 11 days ago.)

Overall risk:

Very Low Low Medium High Very High


Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rising rate. 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 period.

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