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BJRI - BJ

Industry: Restaurants Sector: Services Exchange: NASDAQ

Fri 20'th Apr 2018

PERIOD 2018-01-22 - 2018-04-20
CHANGE 0.82%
PRICE $49.45
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

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BJ Stock Analysis

Technical stock analysis for Fri 20'th Apr 2018

Buy candidate since 2018-03-16 Gain 13.16%

BJ gained 0.82% in the last trading day, rising from $49.05 to $49.45 , 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 8 of the last 10 days and is up by 9.77% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 94 966 more shares were traded than the day before. In total, 361 086 shares bought and sold for approximately $17.86 million.

Shorts 4.26% ( 2018-03-29 )
Cash 74.9 mill
Loans n/a
Beta 0.74
ROA 6.08

Trend

BJ 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 29.92% during the next 3 months and, with 90% probability hold a price between $58.96 and $66.04 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

BJ 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 $48.64 and $45.12. A break down below any of these levels will issue sell signals. 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. A sales signal was issued from a pivot top point on Tuesday April 17, 2018, which indicates further falls until a new bottom pivot has been found.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

The stock holds a RSI14 at 80 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

BJ finds support from accumulated volume at $48.75. On the upside the stock meets some resistance just above today's level from accumulated volume at $49.50.

The stock is about to test the resistance from accumulated volume at $49.50 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $48.75 Price: $49.45 Resistance: $49.50

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 $1.55 between high and low, or 3.24%. For the last week, the stock has had a daily average volatility of 3.02%.

Our recommended stoploss: $47.48 (-3.97%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 80 and this increases the risk substantially. There is a sell signal from pivot top found 3 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.

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