Technical Analysis
EDU's stock has shown significant volatility in recent trading sessions. The stock formed a bullish reversal pattern on Friday, closing at $90.71 after testing support around $87. The VWAP (Volume Weighted Average Price) indicates strong buying pressure at current levels.
News Sentiment Analysis Recent analyst actions have been bearish, with multiple firms downgrading EDU:
Price Prediction for Next Week Based on technical indicators and negative analyst sentiment:
Target Prices:
The stock is likely to face selling pressure due to recent analyst downgrades, but strong technical support exists around $86-87 level. The pre-market price of $50.99 indicates significant gap down, suggesting heightened volatility ahead.
Trading Recommendation SELL with following parameters:
The multiple analyst downgrades and negative price momentum suggest further downside potential in the near term. The pre-market weakness reinforces this bearish outlook.
The price of EDU is predicted to go up 0%, based on the high correlation periods with AIFF. The similarity of these two price pattern on the periods is 97.12%.
EDU
AIFF
The margin trend of New Oriental's new businesses is better than expected.
Learning center capacity expansion drives higher revenue growth.
Overseas-related businesses are posting strong growth due to pent-up demand.
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