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Weaker Hold
Today JOBS ranks #5963 as hold candidate. Get a Free Stock at Robinhood
Stronger Stock

$56.00 (-0.81%)

Volume: 448k

Closed: Dec 03, 2021

Hollow Logo Score: -0.749

51job Stock Forecast

$56.00 (-0.81%)

Volume: 448k

Closed: Dec 03, 2021

Score Hollow Logo -0.749
Which way will JOBS go? Request
Stop-loss: $54.38 (-2.90%)
Earnings Date: Dec 09, 2021
Key Stats
Beta 0.17
* 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 55 and the stock is currently not being overbought or oversold

51job stock upgraded to Hold/Accumulate.
(Updated on Dec 03, 2021)


Hold candidate since 2021-12-03

The 51job stock price fell by -0.81% on the last day (Friday, 3rd Dec 2021) from $56.46 to $56.00. and has now fallen 4 days in a row. During the day the stock fluctuated 4.17% from a day low at $54.43 to a day high of $56.70. The price has risen in 6 of the last 10 days and is up by 11.78% over the past 2 weeks. Volume has increased on the last day by 230 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 448 thousand shares were bought and sold for approximately $25.11 million.

The stock lies in the middle of a very wide and 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 -28.01% during the next 3 months and, with a 90% probability hold a price between $33.36 and $43.19 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 Thursday, November 18, 2021, and so far it has risen 11.78%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The 51job 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 $56.07 and $58.50. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

51job finds support from accumulated volume at $54.22 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.27 between high and low, or 4.17%. For the last week, the stock has had a daily average volatility of 3.72%.

Our recommended stop-loss: $54.38 (-2.90%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 10 days ago.)

Is 51job stock A Buy?

51job 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.749

Predicted Opening Price for 51job 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
$55.71 $56.00 (Overvalued)
Hold/Accumulate Upgraded

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Volatility and Risk
Daily Average Volatility: 3.72 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.72 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $64.50
Price: $56.00
Support: $54.22

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 57.98 3.54 %
57.11 1.99 %
56.58 1.03 %
Current price: 56.00
Support 54.84 -2.07 %
54.31 -3.02 %
53.44 -4.57 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 67.40 20.36 %
65.96 17.79 %
64.50 15.18 %
Current price 56.00
Support 54.22 -3.18%
54.03 -3.52%
50.10 -10.54%

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About 51job

51job 51job, Inc., through its subsidiaries, provides integrated human resource services in the People's Republic of China. The company provides recruitment advertising services, including online recruitment services through its Websites comprising 51job.com, yingjiesheng.com, and 51jingying.com; and print advertising services through 51job Weekly, a city-specific recruitment advertising publication. It also offers other human resource related services... Read more

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