Wed 17'th Oct 2018
BG Staffing, Inc Stock Analysis
Technical stock analysis for Wed 17'th Oct 2018
|Shorts||1.70% ( 2018-09-28 )|
BG Staffing, Inc gained 2.46% in the last trading day, rising from $24.03 to $24.62 , 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. The price has risen in 6 of the last 10 days , but is still down by -2.61% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 5 714 more shares were traded than the day before. In total, 70 608 shares bought and sold for approximately $1.74 million.
BG Staffing, Inc lies in the middle of a 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 -5.63% during the next 3 months and, with 90% probability hold a price between $21.57 and $26.40 at the end of this period.
A buy signal was issued from a pivot bottom point on Monday October 15, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. BG Staffing, Inc holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $25.64. On a fall, the stock will find some support from the short-term average at $24.03. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 33 and the stock is currently not being overbought or oversold
Support & Resistance
BG Staffing, Inc finds support from accumulated volume at $24.50.
This stock may move much during a 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 $1.36 between high and low, or 5.80%. For the last week, the stock has had a daily average volatility of 5.65%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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BG Staffing, Inc holds several negative signals and we believe that 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 recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.Click for Top 5 Sell Candidates
|BGSF $24.62 $0.59(2.46%)|
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