JOBS Forecast and Technical Stock Analysis
Hold candidate since 2019-12-13 PDF
51job gained 5.69% in the last trading day ( Friday, 13th Dec 2019 ), rising from $81.58 to $86.22 During the day the stock fluctuated 5.37% from a day low at $82.19 to a day high of $86.60. The price has risen in 6 of the last 10 days and is up by 9.67% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 62 397 more shares were traded than the day before. In total, 323 163 shares bought and sold for approximately $27.86 million.
- 30 day high of the JOBS stock price was $86.60 and low was $73.96.
- 90 day high was $86.60 and low was $66.99.
- 52 week high for 51job - $97.08 and low - $57.06.
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 10.39% during the next 3 months and, with 90% probability hold a price between $85.00 and $97.82 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 $81.27 and $79.58. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday December 04, 2019, 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)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 66 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $81.58 and $80.14.
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 $81.58. If this is broken, then the next support from accumulated volume will be at $80.14 and $79.15.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $4.41 (5.37%) between high and low. For the last week, the stock has had daily average volatility of 3.64%.
Our recommended stop-loss: $82.79 (-3.97%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 7 days ago.)
3.64 %Average volatility
Very Low Low Medium High Very High
51job holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate candidate.
|JOBS $86.22 ($4.64 5.69%)|
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Golden Star Signal
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