US stock / ETF

New Oriental Education and Technology Group, Inc.

EDU · NYSE · USD

1 dayBearish72%
Daily Downside probability 72%Bearish

EDU 1D chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Daily: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $57.57 and stabilize above resistance $61.63.

Invalidation Trigger

Break above $61.63 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

Daily
Momentum StateBearish
Momentum soft

RSI 27.8, MACD -0.689

Daily
Volatility EnvironmentRange
Medium volatility

ATR is $1.91 (3.77%)

Daily

EMA Structure

Range
EMA 8$56.93Bearish
EMA 21$57.57Bearish
EMA 50$56.66Bearish

Signals

CategoryReadStrength
Momentum
RSI 27.8 · MACD -0.689

Momentum is weak

Strength
Bearish
Volatility
ATR $1.91 · BB 15.81%

Medium volatility

Strength
Range
Volume
MFI 35.6 · OBV -3.12%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$49.2 - $61.63

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+25.55% · 6.8 ATR above latest close

$63.54
Nearest resistance

+21.78% · 5.8 ATR above · 34-bar high

$61.63
Current price

Price shown is delayed

$50.61
Nearest support

-2.78% · 0.7 ATR below · 34-bar low

$49.2
Deeper support zone

-6.55% · 1.7 ATR below latest close

$47.29
ATR zone

Latest close ± ATR14

$48.7 - $52.51

Indicators

Trend

Dow Theory Structure

Confirmation $61.63, invalidation $57.2

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is active

29.3 / 19.3 / 48.1Bearish
Supertrend (10,3)

Price is above Supertrend

$45.61Bullish
Ichimoku Cloud

Cloud Span A / Span B

$55.42 / $55.42Bearish
Donchian Channel (20)

20-period breakout channel position

11%Bearish

Volatility

ATR (14)

Medium volatility

$1.91 (3.77%)Range
Bollinger Bands (20,2)

Width 15.81%

-30%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$61.9 / $53.25Range
ATR channel lower / upper

Current Volatility Envelope

$48.7 / $52.51Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$61.63Range
Support

Nearest Downside Decision Level

$49.2Range

Momentum

RSI (14)

Momentum is weak

27.8Bearish
MACD (12,26,9)

Histogram is negative

-0.689Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

11.3 / 24.8Bearish
Williams %R (14)

Oversold zone

-88.7Bullish
CCI (20)

Weak expansion

-262.7Bearish
TD Sequential

Setup is not extreme

buy 6Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

35.6Bearish
OBV slope

20-period OBV slope

-3.12%Bearish
Volume ratio

Relative to 20-period average volume

2.52xBullish

Trend

Dow Theory Structure

Confirmation $61.63, invalidation $57.2

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is active

29.3 / 19.3 / 48.1Bearish
Supertrend (10,3)

Price is above Supertrend

$45.61Bullish
Ichimoku Cloud

Cloud Span A / Span B

$55.42 / $55.42Bearish
Donchian Channel (20)

20-period breakout channel position

11%Bearish

Momentum

RSI (14)

Momentum is weak

27.8Bearish
MACD (12,26,9)

Histogram is negative

-0.689Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

11.3 / 24.8Bearish
Williams %R (14)

Oversold zone

-88.7Bullish
CCI (20)

Weak expansion

-262.7Bearish
TD Sequential

Setup is not extreme

buy 6Bullish

Volatility

ATR (14)

Medium volatility

$1.91 (3.77%)Range
Bollinger Bands (20,2)

Width 15.81%

-30%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$61.9 / $53.25Range
ATR channel lower / upper

Current Volatility Envelope

$48.7 / $52.51Range

Volume / Money Flow

MFI (14)

Money flow is weak

35.6Bearish
OBV slope

20-period OBV slope

-3.12%Bearish
Volume ratio

Relative to 20-period average volume

2.52xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$61.63Range
Support

Nearest Downside Decision Level

$49.2Range

Related Forecasts