The Hourly View for EDU
Currently, EDU (Get Ratings)’s price is up $0.02 (1.15%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Of note is that the 20 hour changed directions on EDU; it is now pointing up. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
EDU ranks 29th in terms of today’s price percentage change out of Personal Services stocks.
EDU’s Technical Outlook on the Daily Chart
At the moment, EDU’s price is up $0.02 (0.92%) from the day prior. This move is a reversal from the day prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. New Oriental Education & Technology Group Inc’s price action over the past 90 days can be seen via the chart below.
EDU: Daily RSI Analysis
For EDU News Traders
News traders keeping an eye on EDU may find value in this recent story:
The analysts covering New Oriental Education & Technology Group Inc. ( NYSE:EDU ) delivered a dose of negativity to…
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