Fri 23'rd Feb 2018
51job Stock Analysis
Technical stock analysis for Fri 23'rd Feb 2018
|Shorts||10.41% ( 2018-01-31 )|
51job 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 20.6% during the next 3 months and, with 90% probability hold a price between $79.05 and $89.57 at the end of this period.
51job 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 $68.25 and $67.26. 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 Wednesday February 21, 2018, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSI14 is 52 and the stock is currently not being overbought or oversold
Support & Resistance
51job finds support from accumulated volume at $66.89. On the upside the stock meets some resistance just above today's level from accumulated volume at $69.71, $70.09 and $71.15.
The stock is about to test the resistance from accumulated volume at $69.71 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
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 $2.89 (4.30%) between high and low. For the last week, the stock has had a daily average volatility of 2.57%.
Our recommended stoploss: $66.60 (-4.27%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 2 days ago.)
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