BJ Stock Analysis
Technical stock analysis for 18 January 2019
BJ fell by -0.18% in the last day from $54.27 to $54.17 The price has risen in 7 of the last 10 days and is up by 5.47% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -64 164 shares and in total 344 283 shares bought and sold for approximately $18.65 million.
Close price at the end of the last trading day (Friday, 18th Jan 2019) of the BJRI stock was $54.17. This is 0.18% less than the trading day before Thursday, 17th Jan 2019.
During day the stock fluctuated 2.61% from a day low at $52.96 to a day high of $54.34.
30 day high of the BJRI stock price was $56.48 and low was $48.75.
90 day high was $70.07 and low was $48.75.
52 week high for the BJ - $76.50 and low - $35.51.
BJ lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $55.22 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -20.96% during the next 3 months and, with 90% probability hold a price between $35.66 and $43.65 at the end of this period.
BJ holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $54.47. On a fall, the stock will find some support from the long-term average at approximately $53.43. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales 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 Thursday January 17, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 69 and the stock is currently not being overbought or oversold
Support & Resistance
BJ finds support from accumulated volume at $53.95.
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 $1.38 between high and low, or 2.61%. For the last week, the stock has had a daily average volatility of 2.91%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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BJ 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.
|BJRI $54.17 $-0.10(-0.18%)|
BJRI is down $0.10 today, but where's it headed in 2019?
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