BGSF - BG Staffing, Inc

Exchange: NYSE

BGSF - BG Staffing, Inc

Exchange: NYSE
#583()/7561

Tue 14'th Aug 2018

PERIOD 2018-05-15 - 2018-08-14
CHANGE 3.42%
PRICE $28.70
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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BG Staffing, Inc Stock Analysis

Technical stock analysis for Tue 14'th Aug 2018

Buy candidate since 2018-07-17 Gain 25.44%
Shorts 1.44% ( 2018-07-31 )
Cash n/a
Loans 43.7 mill
Beta 0.04
ROA 9.27

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.

Trend

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.

Click here for today's Top 5 Trending Companies

Signals

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.

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Relative Strength Index (RSI)

RSI14 is 62 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

BG Staffing, Inc finds support from accumulated volume at $28.56.

Support: $28.56 Price: $28.70

Risk

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.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

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.

Strong Buy Candidate

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BGSF $28.70 $0.95(3.42%)
BGSF is up $0.95 today, but where's it headed in September?
Zacks Investment Research is releasing its prediction for BGSF based on the 1-3 month system that more than doubles the S&P 500.

Click here – the BGSF analysis is free »
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