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JOBS - 51job Mon 27'th Feb 2017

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Hold/Accumulate

Score: 0.77

#3222 of 5165
Trend:
MV Long:
MV Short:
Pivot:
Volume:
MACD:
Score:
Accuracy: 80.56%
Risk: Low
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Stock analysis for Mon 27'th Feb 2017 (Updated daily)

Hold candidate since 2017-02-27

51job Stock Analysis


51job fell by -0.19% in the last day, from USD 36.04 to USD 35.97. The price has risen in 6 of the last 10 days days and is up by 0.9% 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 -28 247 shares and in total, 50 137 shares bought and sold for approx. USD 1.80 million.

Trend

51job lies in the middle of a wide and weak 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 5.3% during the next 3 months and, with 90% probability hold a price between USD 35.54 and USD 39.49 at the end of this period.

Signals

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 USD 35.91 and USD 35.37. A break down below any of these levels will issue sell signals. 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 February 09, 2017, 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 55 and the stock is currently not being overbought or oversold

Support & Resistance

51job finds support from accumulated volume at USD 35.79, USD 35.37, and USD 34.27. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 36.54, USD 36.45 and USD 36.04.

The stock is about to test the resistance from accumulated volume at USD 36.54 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

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 USD 0.36 (1.01%) between high and low. For the last week, the stock has had a daily average volatility of 4.22%.

Our recommended stoploss: USD 34.26 (-4.75%) ( criteria: risk and position in trend)

Evaluation

51job holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend a hold or accumulate position awaiting further development.

Hold/Accumulate


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