EDU NEWS why is New Oriental Education & Technology Group, Inc. price falling or rising

EDU NEWS reasons for why stock price of New Oriental Education & Technology Group, Inc. is falling or rising

EDU New Oriental is falling or rising technical reasons

Technical analysis forecast for New Oriental Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT New Oriental EDU at this time. Stock is falling and might fall more.

It appears as if New Oriental EDU gave a large move recently.

Stock of New Oriental (EDU) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of New Oriental is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 82.7 as stoploss in an intra day buy trade for a target of 85.49. However, stock will show a bearish move below 82.7.

EDU New Oriental is falling or rising NEWS fundamental reasons

More announcements and NEWS

EDU New Oriental Education & Technology Group, Inc. current price & indicator signals

Moving Averages for New Oriental Education & Technology Group, Inc.

  • 5Day Average: 83.49
  • 12Day Average: 85.06
  • 20Day Average: 85.46
  • 50Day Average: 89.32
  • 100Day Average: 83.54
  • 150Day Average: 78.12
  • 200Day Average: 72.37

EDU Indicators & signals

Indicator MACD (12,26,9)

84.37, 86.07, -1.27
Indicator MACD is in negative zone

Indicator ADX (14)

21.81, 24.36, 37.95
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 44
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of EDU New Oriental Education & Technology Group, Inc. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Fri Apr 2024 83.26 81.58 to 84.46 4.55% 1.29 times
25 Thu Apr 2024 79.64 77.52 to 80.71 3.32% 1.88 times
24 Wed Apr 2024 77.08 72.47 to 85.00 -13.96% 4.16 times
23 Tue Apr 2024 89.59 88.82 to 91.04 1.92% 0.63 times
22 Mon Apr 2024 87.90 85.75 to 88.81 3.42% 0.47 times
19 Fri Apr 2024 84.99 84.56 to 86.39 -2.19% 0.26 times
18 Thu Apr 2024 86.89 85.06 to 87.74 2.77% 0.39 times
17 Wed Apr 2024 84.55 84.51 to 86.29 -1.11% 0.37 times
16 Tue Apr 2024 85.50 83.90 to 85.99 -0.05% 0.79 times
15 Mon Apr 2024 85.54 84.80 to 88.29 -1.18% 0.71 times
12 Fri Apr 2024 86.56 86.27 to 89.50 -2.92% 0.34 times
11 Thu Apr 2024 89.16 87.45 to 90.19 2.93% 0.44 times

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