BJRI - BJ

Industry: Restaurants Sector: Services Exchange: NASDAQ

Wed 17'th Oct 2018

PERIOD 2018-07-18 - 2018-10-17
CHANGE -1.34%
PRICE $68.30
VOLUME
Buy
TREND
Buy

MV LONG
Sell

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

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BJ Stock Analysis

Technical stock analysis for Wed 17'th Oct 2018

Sell candidate since 2018-10-17
Shorts 9.95% ( 2018-09-28 )
Cash 28.7 mill
Loans n/a
Beta 0.91
ROA 8.23

BJ fell by -1.34% in the last day from $69.23 to $68.30 The price has risen in 6 of the last 10 days and is up by 0.99% over the past 2 weeks. Volume has increased in the last day by 5 710 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 408 898 shares bought and sold for approximately $27.93 million.

Trend

BJ lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $66.03 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.65% during the next 3 months and, with 90% probability hold a price between $73.72 and $89.17 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

There are few to none technical positive signals at the moment. BJ 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 $71.12. On a fall, the stock will find some support from the short-term average at $67.45. 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. A sales signal was issued from a pivot top point on Tuesday October 16, 2018, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Access today's Top 5 Golden Star Companies

A sell signal from a double top formation was found on Tuesday October 16, 2018 and based on theory for this formation the price should fall by -4.87% to $64.34 within 5 trading days since signal was issued (Tuesday October 23, 2018).

Relative Strength Index (RSI)

RSI14 is 40 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

BJ finds support from accumulated volume at $67.59.

Support: $67.59 Price: $68.30 Resistance: $69.05

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $2.99 (4.49%) between high and low. For the last week, the stock has had a daily average volatility of 3.20%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation

The BJ stock holds several negative signals and despite the positive trend we believe BJ will perform weak in the next couple of days or weeks. Therefore, we 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.

Sell Candidate

Click for Top 5 Sell Candidates
BJRI $68.30 $-0.93(-1.34%)
BJRI is down $0.93 today, but where's it headed in November?
Zacks Investment Research is releasing its prediction for BJRI based on the 1-3 month system that more than doubles the S&P 500.

Click here – the BJRI analysis is free »

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