Help us make better tools for you!. Read more (Published: 2017-01-12)

JOBS - 51job Fri 13'th Jan 2017

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Buy Candidate

Score: 4.30

#911 of 5193
Trend:
MV Long:
MV Short:
Pivot:
Volume:
MACD:
Accuracy: 82.76%
Risk: Medium
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Stock analysis for Fri 13'th Jan 2017 (Updated daily)

Buy candidate since 2017-01-13

51job Stock Analysis


51job gained 1.32% in the last trading day rising from, USD 34.73 to USD 35.19. The price has risen in 6 of the last 10 days days and is up by 4.42% over the past 2 weeks. Volume fell in the last day by -10 941 shares and ,in total, 51 734 shares bought and sold for approximately USD 1.82 million. You should note that falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

51job lays in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.3% during the next 3 months and, with 90% probability will hold a price between USD 34.18 and USD 38.18 at the end of this period.

Signals

Only positive signals in the chart today. 51job holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at USD 34.93 and USD 34.22. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday January 12, 2017, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

The stock had a Golden Star Signal* on Thursday November 03, 2016 in the short-term chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Relative Strength Index (RSI)

RSI14 is 67 and the stock is currently not being overbought or oversold

Support & Resistance

51job finds support from accumulated volume at USD 35.05, USD 35.01, and USD 34.54. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 35.37, USD 35.59 and USD 36.54.

The stock is about to test the resistance from accumulated volume at USD 35.37 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day the stock moved USD 1.53 between high and low, and this equals 4.46%. For the last week, the stock has had a daily average volatility of 5.60%.

Our recommended stoploss: USD 33.50 (-4.80%) ( criteria: risk and position in trend)

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.

Buy Candidate


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