GSX Techedu - All Time High
Summary
- 100% technical buy signals.
- 477.30+ Weighted Alpha.
- 937.11% gain in the last year.
The Barchart Chart of the Day belongs to the Chinese educational and training company GSX Techedu (GSX). I found the stock by sorting Barchart's New All-Time High list first by the highest Weighted Alpha then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 6/4 the stock gained 225.55%.
GSX Techedu Inc., a technology-driven education company, provides online K-12 after-school tutoring services in the People's Republic of China. Its K-12 after-school tutoring courses cover various K-12 academic subjects, including mathematics, English, Chinese, physics, chemistry, biology, history, geography, and political science. The company also provides English courses for children in kindergarten; and courses that help children in grade one through grade seven. In addition, it offers foreign language courses comprising English, Japanese, and Korean, as well as English test preparation courses for students taking post-graduate entrance exams; and professional courses primarily for working adults preparing for professional qualification exams, such as teacher's qualification, the Chartered Financial Analyst designation, securities qualification exams, and other exams. Further, the company provides personal interest courses, such as yoga, fashion, guitar, and Chinese calligraphy. Additionally, it offers other courses, including offline business consulting courses to enhance management skills for principals and other officers of private education institutions; and operate Weishi, an interactive learning platform on Wechat. The company was formerly known as BaiJiaHuLian Group Holdings Limited and changed its name to GSX Techedu Inc. in January 2019. GSX Techedu Inc. was founded in 2014 and is headquartered in Beijing, the People's Republic of China.
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Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can, therefore, change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart technical indicators:
- 100% technical buy signals
- 477.30+ Weighted Alpha
- 937.11% gain in the last year
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 9 new highs and up 97.34% gain in the last month
- Relative Strength Index 87.41%
- Technical support level at 117.19
- Recently traded at 129.60 with a 50 day moving average of 68.71
Fundamental factors:
- Market Cap $30.88 billion
- P/E 567.85
- Revenue expected to grow 236.60% this year and another 73.20% next year
- Earnings estimated to increase 147.10% this year, an additional 100.00% next year and continue to compound at an annual rate of 20.00% for the next 5 years
- Wall Street analysts issued 2 strong buy and 3 hold recommendations on the stock
- There are 3,530 investors monitoring the stock on Seeking Alpha
Disclosure: None.