Buy Candidate
Thu 21'st Sep 2017

PERIOD 2017-06-22 - 2017-09-21
CHANGE 0.02%
PRICE $58.50
VOLUME
Buy
TREND
Hold

MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

BOLLINGER
Sell
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51job Stock Analysis

Technical stock analysis for Thu 21'st Sep 2017

Buy candidate since 2017-09-20 Gain 0.02%

51job gained 0.02% in the last trading day, rising from $58.49 to $58.50 The price has risen in 6 of the last 10 days , but is still down by -2.56% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 163 214 more shares were traded than the day before. In total, 289 660 shares bought and sold for approximately $16.95 million.

Trend

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.

Signals

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.

A buy signal from a double bottom formation was found on Wednesday September 20, 2017 and based on theory for this formation the price should go up by 2.40% to $61.06 within 3 trading days since signal was issued (Monday September 25, 2017).

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.

Support: $55.39 Price: $58.5 Resistance: $58.66
S: $55.39 Price: $58.5 R: $58.66

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 $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.)

Overall risk:

Very Low Low Medium High Very High

Overall risk:

           

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. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.

Buy Candidate

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