Thu 21'st Sep 2017
51job Stock Analysis
Technical stock analysis for Thu 21'st Sep 2017
Buy candidate since 2017-09-20 Gain 0.02%
51job has broken the wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $58.78. A reaction back to this level may hold a second chance to get out before further falls.
Only positive signals in the chart today. 51job 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 $59.18. On a fall, the stock will find some support from the long-term average at approximately $57.86. 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. A buy signal was issued from a pivot bottom point on Wednesday September 20, 2017, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 46 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $55.39 and $53.73. On the upside the stock meets some resistance just above today's level from accumulated volume at $58.66, $58.68 and $59.43.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, 51job finds support just below today's level at $55.39. If this is broken, then the next support from accumulated volume will be at $53.73 and $49.67. The stock is about to test the resistance from accumulated volume at $58.66 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 $1.85 (3.19%) between high and low. For the last week, the stock has had a daily average volatility of 3.19%.
Our recommended stoploss: $54.86 (-6.22%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
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. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.
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