Tue 14'th Aug 2018
BG Staffing, Inc Stock Analysis
Technical stock analysis for Tue 14'th Aug 2018
|Shorts||1.44% ( 2018-07-31 )|
BG Staffing, Inc gained 3.42% in the last trading day, rising from $27.75 to $28.70 The price has risen in 6 of the last 10 days and is up by 9.13% over the past 2 weeks. Volume fell in the last day by -38 289 shares, and in total, 138 485 shares bought and sold for approximately $3.97 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
BG Staffing, Inc lies in the middle of a wide and strong 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 43.04% during the next 3 months and, with 90% probability hold a price between $36.83 and $42.49 at the end of this period.
Only positive signals in the chart today. BG Staffing, Inc 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 $27.98 and $24.94. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday August 13, 2018, 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.
Relative Strength Index (RSI)
RSI14 is 62 and the stock is currently not being overbought or oversold
Support & Resistance
BG Staffing, Inc finds support from accumulated volume at $28.56.
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 $1.78 between high and low, or 6.56%. For the last week, the stock has had a daily average volatility of 4.79%.
Our recommended stoploss: $27.34 (-4.74%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
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BG Staffing, Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.Click for Top 5 Strong Buy Candidates
|BGSF $28.70 $0.95(3.42%)|
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