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Barrett Business Services Stock Forecast NASDAQ:BBSI

$69.43 (-2.49%)

Volume: 14k

Closed: Dec 03, 2021

Hollow Logo Score: -3.805

Barrett Business Services Stock Forecast

$69.43 (-2.49%)

Volume: 14k

Closed: Dec 03, 2021

Score Hollow Logo -3.805
Which way will BBSI go? Request
Key Stats
P/E Ratio 15.05
Beta 1.04
Trailing Dividend Rate 1.72% ($1.19)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] The Barrett Business Services stock currently holds an RSI14 at 20 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Weaker technical forecast for Barrett Business Services as stock downgraded to Sell Candidate.
(Updated on Dec 03, 2021)

Sell candidate since 2021-12-03

The Barrett Business Services stock price fell by -2.49% on the last day (Friday, 3rd Dec 2021) from $71.20 to $69.43. During the day the stock fluctuated 2.97% from a day low at $68.95 to a day high of $71.00. The price has fallen in 7 of the last 10 days and is down by -8.15% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -21 thousand shares and in total, 14 thousand shares were bought and sold for approximately $963.83 thousand.

Given the current horizontal trend, you can expect Barrett Business Services stock with a 90% probability to be traded between $68.51 and $83.72 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals & Forecast

There are few to no technical positive signals at the moment. The Barrett Business Services stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $72.03 and $78.63. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, November 03, 2021, and so far it has fallen -18.54%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $2.05 between high and low, or 2.97%. For the last week the stock has had a daily average volatility of 2.79%.

Barrett Business Services is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Barrett Business Services stock A Buy?

Barrett Business Services holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -3.805

Predicted Opening Price for Barrett Business Services of Monday, December 6, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 6, 2021 Current price
$69.79 $69.43 (Undervalued)
Sell Candidate Downgraded

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Analyst Ratings

On Nov 05, 2021 "Barrington Research" gave "$86.00 - $95.00" rating for BBSI. The price target was set to $82.15+3.5%.

Volatility and Risk
Daily Average Volatility: 2.79 %
Overall Risk: Very High High Medium Low Very Low
2.79 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $73.81
Price: $69.43
No Support Found

BBSI Insider Trading Show all Trades



Last 100 transactions
Buy: 84 285 | Sell: 66 670 (Shares)
Date Action Amount Person Type
Nov 22, 2021 Sell 1 457 Justesen Jon L Common Stock
Nov 09, 2021 Sell 1 502 Harris Anthony J Restricted Stock Units
Nov 09, 2021 Sell 592 Harris Anthony J Common Stock
Nov 09, 2021 Buy 1 502 Harris Anthony J Common Stock
Sep 16, 2021 Buy 1 177 Potts James R Restricted Stock Units
Show all Insider Trades


Last 100 transactions
Buy: 84 285 | Sell: 66 670 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 71.84 3.48 %
71.06 2.35 %
70.58 1.65 %
Current price: 69.43
Support 69.01 -0.60 %
68.53 -1.30 %
67.74 -2.43 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 82.00 18.10 %
79.40 14.36 %
73.81 6.31 %
Current price 69.43
Support 0 .
0 .
0 .

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About Barrett Business Services

Barrett Business Services Barrett Business Services, Inc. provides business management solutions for small and medium-sized companies in the United States. The company has management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry. It offers professional employer services, under which it enters into a client services agreement to become a co-employer of the client’s existi... Read more

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