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Barrett Business Services Stock Forecast NASDAQ:BBSI

$65.01 (0.67%)

Volume: 42k

Closed: Jan 21, 2022

Hollow Logo Score: -0.866

Barrett Business Services Stock Forecast

$65.01 (0.67%)

Volume: 42k

Closed: Jan 21, 2022

Score Hollow Logo -0.866
Which way will BBSI go? Request

Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicates a upcoming change. Break up through the moving average line, or continuously movements above the moving average line indicates a break up, and vice versa downwards.

Source: http://www.bollingerbands.com

Stop-loss: $61.37 (-5.60%)
Key Stats
P/E Ratio 14.00
Beta 0.92
Trailing Dividend Rate 1.85% ($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 ] RSI14 is 25 and the stock is currently not being overbought or oversold

Green day on Friday for Barrett Business Services
(Updated on Jan 21, 2022)


Hold candidate since 2022-01-20 Gain 0.67% PDF

The Barrett Business Services stock price gained 0.67% on the last trading day (Friday, 21st Jan 2022), rising from $64.58 to $65.01. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 4.78% from a day low at $62.98 to a day high of $65.99. The price has fallen in 6 of the last 10 days and is down by -5.51% for this period. Volume fell on the last day by -7 thousand shares and in total, 42 thousand shares were bought and sold for approximately $2.71 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -22.18% during the next 3 months and, with a 90% probability hold a price between $48.60 and $53.14 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, January 19, 2022, and so far it has risen 1.12%. Further rise is indicated 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 it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $65.27 and $67.95. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

Barrett Business Services finds support from accumulated volume at $64.58 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.01 between high and low, or 4.78%. For the last week, the stock has had a daily average volatility of 2.62%.

Our recommended stop-loss: $61.37 (-5.60%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)

Is Barrett Business Services stock A Buy?

Barrett Business Services holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.866

Hold/Accumulate Unchanged

Insiders are positive buying more shares than they are selling in Barrett Business Services

In the last 100 trades there were 86.06 thousand shares bought and 59.74 thousand shares sold. The last trade was done 21 days ago by Harris Anthony J who bough 142 shares. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside. In some cases larger purchases can be explained by due date for stock options.

Predicted Opening Price for Barrett Business Services of Monday, January 24, 2022

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

Fair opening price January 24, 2022 Current price
$64.66 $65.01 (Overvalued)

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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: 2.62 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.62 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $67.00
Price: $65.01
Support: $64.58

BBSI Insider Trading Show all Trades

INSIDER POWER

17.380

Last 100 transactions
Buy: 86 060 | Sell: 59 740 (Shares)
Date Action Amount Person Type
Jan 01, 2022 Buy 142 Harris Anthony J Restricted Stock Units
Jan 01, 2022 Buy 133 Potts James R Restricted Stock Units
Dec 31, 2021 Sell 70 Meeker Anthony Common Stock
Dec 17, 2021 Buy 1 500 Price Vincent P Common Stock
Nov 22, 2021 Sell 1 457 Justesen Jon L Common Stock
Show all Insider Trades
INSIDER POWER

17.380

Last 100 transactions
Buy: 86 060 | Sell: 59 740 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 67.67 4.09 %
66.52 2.32 %
65.81 1.23 %
Current price: 65.01
Support 63.51 -2.31 %
62.80 -3.40 %
61.65 -5.17 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 68.99 6.12 %
68.27 5.01 %
67.00 3.06 %
Current price 65.01
Support 64.58 -0.66%
64.44 -0.88%
64.29 -1.11%

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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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