Tue 21'st Nov 2017

PERIOD 2017-08-22 - 2017-11-21
CHANGE -0.08%
PRICE $62.70
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

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51job Stock Analysis

Technical stock analysis for Tue 21'st Nov 2017

Buy candidate since 2017-11-15 Gain 2.97%

51job fell by -0.08% in the last day from $62.75 to $62.70 The price has been going up and down for this period, and there has been a 0.45% gain for the last 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 -186 422 shares and in total 83 227 shares bought and sold for approximately $5.22 million.

Access today's Top 5 Buy Candidates

Trend

51job lies in the middle of a 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 7.09% during the next 3 months and, with 90% probability hold a price between $65.51 and $71.34 at the end of this period.

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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 $62.27 and $62.20. 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 Monday November 20, 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.

The stock had a Golden Star Signal* on Tuesday December 27, 2016 in the mediumterm chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

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A buy signal from a double bottom formation was found on Wednesday November 15, 2017 and based on theory for this formation the price should go up by 3.95% to $64.79 within 12 trading days since signal was issued (Monday December 04, 2017).

Relative Strength Index (RSI)

RSI14 is 57 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

51job finds support from accumulated volume at $62.57. On the upside the stock meets some resistance just above today's level from accumulated volume at $62.75, $63.13 and $64.50.

The stock is about to test the resistance from accumulated volume at $62.75 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $62.57 Price: $62.70 Resistance: $62.75

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 $1.03 (1.66%) between high and low. For the last week, the stock has had a daily average volatility of 2.40%.

Our recommended stoploss: $60.19 (-4.01%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.

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