Why New Oriental Education & Technology Group, Inc. (NYSE:EDU) Is Acting Slightly Strange (2020-01-03)

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REPORTING FOR 2020-01-03 | WCX19.ORG: We have done an in-depth analysis of how EDU has been trading over the last 2 weeks and the past day especially. On its latest session, New Oriental Education & Technology Group, Inc. (NYSE:EDU) opened at 124.15, reaching a high of 127.37 and a low of 124.15 before closing at a price of 127.25. There was a total volume of 1083418.

VOLUME INDICATORS FOR NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP, INC. (NYSE:EDU): We saw an accumulation-distribution index of 815.81486, an on-balance volume of -121.25, chaikin money flow of 1.0 and a force index of 8.5. There was an ease of movement rating of 0.0163, a volume-price trend of 11.07013 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP, INC. (NYSE:EDU): We noted an average true range of 1.96589, bolinger bands of 127.11205, an upper bollinger band of 117.94795, lower bollinger band of 124.15, a bollinger high band indicator of nan, bollinger low band indicator of 1.0, a central keltner channel of 125.22333, high band keltner channel of 122.00333, low band keltner channel of 128.44333, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 124.15, a donchian channel low band of 124.15, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP, INC. (NYSE:EDU): We calculated a Moving Average Convergence Divergence (MACD) of -0.07269, a MACD signal of -0.04038, a MACD difference of -0.03231, a fast Exponential Moving Average (EMA) indicator of 124.15, a slow Exponential Moving Average (EMA) indicator of 124.15, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.19267, a trix of 5.57227, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of -10.00023, a KST Oscillator (KST) of 87.60626 and a KST Oscillator (KST Signal) of 87.60626 (leaving a KST difference of -7.09594). We also found an Ichimoku rating of 125.76, an Ichimoku B rating of 125.76, a Ichimoku visual trend A of 118.00557, an Ichimoku visual trend B of 120.32242, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.

MOMENTUM INDICATORS FOR NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP, INC. (NYSE:EDU): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 100.0, a stochastic oscillator of 100.0, a stochastic oscillator signal of 100.0, a Williams %R rating of -324.35679 and an awesome oscillator of -0.18448.

RETURNS FOR NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP, INC. (NYSE:EDU): There was a daily return of 8.76063, a daily log return of -2.6444 and a cumulative return of -2.60975.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2020-01-03 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for New Oriental Education & Technology Group, Inc. (NYSE:EDU)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling New Oriental Education & Technology Group, Inc. (NYSE:EDU) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.