Tal Education Group Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Tal Education Group stock price after Friday trading.
(Updated on Apr 19, 2024)
The Tal Education Group stock price fell by -1.89% on the last day (Friday, 19th Apr 2024) from $11.65 to $11.43. During the last trading day the stock fluctuated 2.15% from a day low at $11.38 to a day high of $11.63. The price has risen in 6 of the last 10 days and is up by 2.79% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 2 million shares were bought and sold for approximately $22.42 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $10.94 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.88% during the next 3 months and, with a 90% probability hold a price between $10.29 and $13.72 at the end of this 3-month period.
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TAL Signals & Forecast
There are mixed signals in the stock today. The Tal Education Group stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 $11.67 and $11.94. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Monday, April 08, 2024, and so far it has risen 3.25%. 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).
Support, Risk & Stop-loss for Tal Education Group stock
Tal Education Group finds support from accumulated volume at $11.30 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 $0.245 between high and low, or 2.15%. For the last week, the stock has had daily average volatility of 3.86%.
Our recommended stop-loss: $10.82 (-5.32%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (TAL) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Tal Education Group to open at $11.48, and during the day (based on 14 day Average True Range), to move between $10.91 and $11.95, which gives a possible trading interval of +/-$0.520 (+/-4.55%) up or down from last closing price. If Tal Education Group takes out the full calculated possible swing range there will be an estimated 9.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.30 (1.14%) than the resistance at $11.94 (4.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Tal Education Group will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0600. We will update the financials statements for Tal Education Group, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 10.51% in the first trading day after earnings release.
Is Tal Education Group stock A Buy?
Tal Education Group holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.441 Hold/Accumulate Upgraded
Predicted Opening Price for Tal Education Group of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $11.48 ( 0.423%) | $11.43 |
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 | 11.72 | 2.57 % | |
| R2 | 11.63 | 1.75 % | ||
| R1 | 11.57 | 1.24 % | ||
| Current price: | 11.43 | |||
| Support | S1 | 11.38 | -0.396 % | |
| S2 | 11.33 | -0.90 % | ||
| S3 | 11.23 | -1.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.21 | 15.57 % | |
| R2 | 12.00 | 4.99 % | ||
| R1 | 11.94 | 4.46 % | ||
| Current price | 11.43 | |||
| Support | S1 | 11.30 | -1.14% | |
| S2 | 11.25 | -1.57% | ||
| S3 | 10.70 | -6.39% |
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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