EDU stock: buy or sell

EDU stock price: $8.10 6.72% At close on Jun 21st, 2021

Updated on:
Jun 22nd, 2021

1

EDU stock brief

  • New Oriental Education closed on Monday at $8.10 after exploding a 6.72% and broke a streak of 4 sessions in negative.
  • HSBC posted a hold rating for New Oriental Education last Friday
  • New Oriental Education & Technology Group Inc. provides private educational services under the New Oriental brand in the People's Republic of China.

Should I buy New Oriental Education stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $EDU stock a buy?

Currently, New Oriental Education stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $EDU will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell New Oriental Education stock?

How to know when is it time to sell New Oriental Education?. Just as when we have to buy shares, determining when is the best time to sell is not a fickle decision, and we must follow our own trading strategy. When selling, as well as buying, our strategies are very simple to use and are only valid for selling shares in your porfolio, not for selling short $EDU stock

A golden rule is that you must never hold a trading operation that leads to higher than expected losses upon the buy. The timing to sell your stock must always be determined by the stop-loss (automatic or manual)

Is it time to sell New Oriental Education stock?

In the current situation of New Oriental Education there is not any eligible sell setup, so New Oriental Education stock holders with operations in green can keep their positions

New Oriental Education ratings

In the last month, 4 ratings were published for New Oriental Education

New Oriental Education analysts' ratings - Last 30 days
Brokerage firmRating
May 25th, 2021
The Goldman Sachs Group NeutralStrong buy
Jun 7th, 2021
Credit Suisse Group BuyNeutral
Jun 16th, 2021
Morgan Stanley
Jun 18th, 2021
HSBC Strong buyNeutral

New Oriental Education stock analysis

Downtrend breakdown.

SMAs overview

EDU stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $8.13 (0.37% above)
  • R2: $8.14 (0.49% above)
  • R3: $8.19 (1.11% above)
  • The current supports are:

  • S1: $8.06 (-0.49% below)
  • S2: $8.02 (-0.99% below)
  • S3: $7.86 (-2.96% below)
  • Bollinger bands

    Since the price broke down the lower band last Friday, the price rebounded by 7.28%

    EDU stock Bollinger Bands chart

    Relative strength index

    After breaking down the oversold zone yesterday, crossed up back above with a value of 34.75. This is a signal of strength for the New Oriental Education shares

    EDU stock RSI chart

    New Oriental Education stock price history

    New Oriental Education IPO was on Sep 15th, 2006 priced at $0.59 per share1. Since then, EDU stock has risen by 1,272.88%, with an average of 90.92% per year. If you had invested $1,000USD in New Oriental Education stock on the IPO, it would worth $13,728.81 today.

    1: Adjusted price after possible price splits or reverse-splits

    EDU stock price history chart

    Price target for New Oriental Education stock

    Nobody knows how much a share will be priced in the future. However, many stock price forecasts are issued every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, brokerage institutions post their price predictions based on the stock price action and the company fundamental data. Most of these predictions follow the publication of new fundamental data by the company, and many times. If you are a small investor you shouldn't invest based on these forecasts.

    In the previous 30 days we couldn't find any price target posted for New Oriental Education stock.

    New Oriental Education stock price predictions
    Brokerage firmPrice target
    May 25th, 2021
    The Goldman Sachs Group Not available
    Jun 7th, 2021
    Credit Suisse Group Not available
    Jun 16th, 2021
    Morgan Stanley Not available
    Jun 18th, 2021
    HSBC Not available

    Earnings and financials

    New Oriental Education & Technology Group Inc. ($EDU) released quarterly earnings of $0.10 per share last April, strongly surpassing the analysts consensus estimate of $0.07 per share. This quarterly report means an earnings surprise of 42.86%. Turnover was $1.2 billion compared to $1.1 billion forecasted by market consensus.

    Same quarter one year ago, reported EPS was $0.09, so recently posted EPS is a gain of 11.11%. Looking at revenue, figures exploded a 28.95% compared to $9.2B same quarter 12 months ago.

    EDU ($EDU) is presenting quarterly earnings report late next July. Wall Street expects of $0.04, compared to Q3 that was $0.10.

    New Oriental Education performance

    EDU performance compared
    Company1m3m6m
    New Oriental Education ($EDU) -27.40% -49.20% -51.10%

    Disclaimer:
    The thoughts published in this article are personal and not recommendations for you to buy or sell shares. The author of this document does not have any knowledge of the specific scenarios of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are published for learning reasons only

    EDU summary

    Monday, June 21st, 2021
    Open$7.5
    Close$8.1
    Day range$7.27 - $8.35
    Previous close$7.59
    Session gain6.72%
    Average true range$1.31
    50d mov avg$12.48
    100d mov avg$14.83
    200d mov avg$15.72
    Earnings dateJuly 27th, 2021

    Frequently asked questions

    What is New Oriental Education stock symbol?

    New Oriental Education & Technology Group Inc. is a public company trading in the US stock market with the EDU symbol

    Is New Oriental Education stock a buy or sell?

    New Oriental Education received 4 ratings in the last 30 days: 1 bullish, 0 bearish and 2 neutral.

    Will EDU go up?

    There were no price targets issued by market analysts in the last month for New Oriental Education.