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Takip Edin: @UscMarketsEDU Stock Forecast & New Oriental Education Chart Analysis
This article provides a detailed analysis of EDU-New Oriental Education stock including a forecast for EDU shares. It features New Oriental Education & Technology Group Inc. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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EDU Historical Data Review
EDU Current Price Performance Analysis
The New Oriental Education - EDU stock traded on the American stock market, on 06-05-2024, closed at 76.63$ with a %-0.52 decreased compared to the previous day.
In the last month, the price of EDU changed by %-8.76 decreased in value, from 83.99 dollars on 05-06-2024 to 76.63 dollars, decreased.
Last year, the price of EDU was 41.91 dollars on 06-06-2023, and changed by %82.84 increased in value, to 76.63 dollars increased within a year.
The price of New Oriental Education stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
EDU with AI Stock Forecast & Price Target
On the EDU chart New Oriental Education price was recorded as 76.63 Dollars on 06/05/2024.
The artificial intelligence's forecast on EDU stock is as follows.
The artificial intelligence's prediction error margin for EDU stock is moderate.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for New Oriental Education stock over the next 4 months is: 80.3 Dollars.
The commentary on EDU stock Target Price: Highest: 104.485 Dollars is predicted.
The commentary on EDU stock Target Price: Lowest: 66.112 Dollars is predicted.
Resistance Price where New Oriental Education stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 09-13-2024 | 69.068 |
| 11-22-2024 | 74.701 |
| 03-12-2025 | 101.068 |
Support Price where New Oriental Education stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-14-2024 | 66.112 |
| 09-23-2024 | 68.809 |
| 12-02-2024 | 74.573 |
| 03-27-2025 | 100.274 |
The commentary on EDU stock: The target price can generally be said to be on the rise.
The commentary on EDU stock: Fluctuations in the target price can be expected in the coming days.
The target price for New Oriental Education stock by the end of 2024 is predicted to be 77.483 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on EDU stock, and the 2024 target price predictions for New Oriental Education are detailed above.
The technical analysis and charts for the commentary on EDU stock are below.
EDU Support & Resistance and Trend Analysis
EDU stock you have reviewed the technical analysis support resistance charts regarding.
EDU : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the EDU review, the New Oriental Education support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
New Oriental Education Support and Resistance Prices:
| EDU Support Level Price | EDU Resistance Level Price |
|---|---|
| 67.61 | 78.19 |
| 67.71 | 83.73 |
| 69.50 | 85.37 |
| 71.62 | 89.33 |
| 72.47 | 90.19 |
| 72.62 | 90.88 |
| 75.63 | 91.04 |
| 77.07 | 95.88 |
| 83.78 | 97.29 |
| 87.09 | 98.20 |
| 87.87 |
EDU Technical Analysis: SMA, RSI, MACD
Upon reviewing the EDU chart, buy and sell signals have been generated in the New Oriental Education technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for EDU stock are as follows:- EDU technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for New Oriental Education gave a 'Buy' signal when the RSI was at 26.529, with the current RSI value at 27.625.
- The technical analysis for New Oriental Education indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for New Oriental Education stock: Click here to read more predictions on Rivian Automotive stock.
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