RISE Education Cayman Ltd Forecast and Stock Analysis
Technical REDU stock analysis for Friday June 14, 2019.
RISE Education Cayman Ltd gained 0.10% in the last trading day ( Friday, 14th Jun 2019 ), rising from $9.53 to $9.54 , and has now gained 3 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. During day the stock fluctuated 4.54% from a day low at $9.25 to a day high of $9.67. The price has been going up and down for this period, and there has been a 4.03% gain for the last 2 weeks. Volume fell in the last day by -40 949 shares, and in total, 50 486 shares bought and sold for approximately $481 636.00. 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.
- 30 day high of the REDU stock price was $10.00 and low was $8.05.
- 90 day high was $10.80 and low was $8.05.
- 52 week high for the RISE Education Cayman Ltd - $15.39 and low - $6.70.
RISE Education Cayman Ltd lies in the middle of a very 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 -9.67% during the next 3 months and, with 90% probability hold a price between $7.15 and $9.01 at the end of this period.
RISE Education Cayman Ltd holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $9.38 and $9.51. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday June 12, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Relative Strength Index (RSI)
RSI14 is 52 and the stock is currently not being overbought or oversold
Support & Resistance
RISE Education Cayman Ltd finds support from accumulated volume at $9.25.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $9.11 (-4.51%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
5.35 %Average volatility
Very Low Low Medium High Very High
RISE Education Cayman Ltd 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.
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|REDU $9.54 ($0.01 0.10%)|
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