Tal Education Group Stock Forecast
Tal Education Group stock upgraded from Buy Candidate to Strong Buy Candidate after Friday trading session.
(Updated on Apr 26, 2024)
The Tal Education Group stock price gained 0.449% on the last trading day (Friday, 26th Apr 2024), rising from $13.35 to $13.41. It has now gained 5 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 the last trading day the stock fluctuated 5.11% from a day low at $13.29 to a day high of $13.97. The price has risen in 8 of the last 10 days and is up by 14.62% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 11 million shares were bought and sold for approximately $146.48 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock 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 -8.42% during the next 3 months and, with a 90% probability hold a price between $9.87 and $12.99 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TAL Signals & Forecast
Mostly positive signals in the chart today. The Tal Education Group stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $12.32 and $11.87. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 08, 2024, and so far it has risen 21.14%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Tal Education Group stock
Tal Education Group finds support from accumulated volume at $13.21 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.679 between high and low, or 5.11%. For the last week, the stock has had daily average volatility of 6.37%.
Our recommended stop-loss: $13.01 (-3.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (TAL) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Tal Education Group to open at $13.55, and during the day (based on 14 day Average True Range), to move between $12.80 and $14.02, which gives a possible trading interval of +/-$0.609 (+/-4.54%) up or down from last closing price. If Tal Education Group takes out the full calculated possible swing range there will be an estimated 9.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.42 (0.07%) than the support at $13.21 (1.49%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Tal Education Group stock A Buy?
Tal Education Group holds several positive signals and despite the stock being in a falling trend, we considered it to be a good choice at these current levels. We expect Tal Education Group stock will perform very well in the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.114 Strong Buy Candidate Upgraded
Predicted Opening Price for Tal Education Group of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $13.55 ( 1.07%) | $13.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TAL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.23 | 6.14 % | |
| R2 | 13.97 | 4.20 % | ||
| R1 | 13.81 | 3.01 % | ||
| Current price: | 13.41 | |||
| Support | S1 | 13.29 | -0.86 % | |
| S2 | 13.13 | -2.06 % | ||
| S3 | 12.87 | -4.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.44 | 7.68 % | |
| R2 | 13.72 | 2.31 % | ||
| R1 | 13.42 | 0.0746 % | ||
| Current price | 13.41 | |||
| Support | S1 | 13.21 | -1.49% | |
| S2 | 12.00 | -10.51% | ||
| S3 | 10.70 | -20.21% |
TAL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 27, 2017 | May 09, 2017 | May 25, 2017 | $0.0833 | 0.422% |
| 2 | Feb 12, 2015 | Jun 01, 2015 | Jun 24, 2015 | $0.720 | 12.18% |
| 3 | Nov 05, 2012 | Dec 05, 2012 | Dec 28, 2012 | $0.0833 | 1.41% |
FAQ
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