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China Online Education Group (NYSE:COE) Is a Buy

$COE #USA #China #Education #Stocks #ChinaOnlineEducation

China Online Education Group has experienced an increase in hedge fund sentiment of late

China Online Education
Ticker: NYSE:COE
Price: $25.25
Recommendation: Buy
Target Price: $37.00

Business Summary

China Online Education Group is a China-based company principally engaged in the provision of online English language education services.

The Company operates an online education platform that provides online tutoring programs to students through the Internet.

Its platform analyzes teachers’ teaching aptitudes, feedback and rating from students, as well as background, and recommends suitable teachers to students according to their respective characteristics and learning objectives.

The Company develops and tailors its curriculum to its interactive lesson format.

The Company offers various courses, which include Classic English and Classic English Junior that are focused on the development of English communication skills.

The Company also offers various specialty courses that are focused at situation-based English education and test preparation needs, such as Business English and International English Language Testing System (IELTS) Speaking.

Shayne Heffernan Trade Idea

“Our current price target of China Online Education will come in around $37.00 giving the stock a price increase of +45.53%.”

Price Performance

Relative Valuation

Technical Indicators

Overall, the bias in prices is: Upwards.

Note: this chart shows extraordinary price action to the upside.

The projected upper bound is: 29.43.

The projected lower bound is: 21.03.

The projected closing price is: 25.23.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 27 white candles and 23 black candles for a net of 4 white candles.

A gravestone doji occurred. This often signifies a top (the longer the upper shadow, the more bearish the signal).

A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 75.2087. This is not an overbought or oversold reading. The last signal was a buy 2 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 54.60. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 79 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 46. This is not a topping or bottoming area. The last signal was a sell 6 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 11 period(s) ago.

Rex Takasugi – TD Profile

CHINA ONLINE EDU closed up 0.090 at 25.250. Volume was 63% below average (consolidating) and Bollinger Bands were 11% wider than normal.

Open     High     Low      Close     Volume
25.260   26.290   25.250   25.250    7,990
Technical Outlook
Short Term:        Neutral
Intermediate Term: Bullish
Long Term:         Bullish
Moving Averages: 10-period     50-period      200-period
Close:           25.31         24.03          17.00
Volatility:      90            115            136
Volume:          11,099        12,126         16,050

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

CHINA ONLINE EDU is currently 48.6% above its 200-period moving average and is in an upward trend. Volatility is low as compared to the average volatility over the last 10 periods.

Our volume indicators reflect moderate flows of volume into COE.N (mildly bullish). Our trend forecasting oscillators are currently bullish on COE.N and have had this outlook for the last 9 periods.

HEFFXhttp://www.heffx.com
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

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