JOBS Forecast and Technical Stock AnalysisBuy candidate since 2019-07-19
51job gained 0.49% in the last trading day ( Friday, 19th Jul 2019 ), rising from $79.22 to $79.61 During day the stock fluctuated 2.33% from a day low at $78.82 to a day high of $80.66. The price has risen in 7 of the last 10 days and is up by 4.81% 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, 30 050 more shares were traded than the day before. In total, 122 244 shares bought and sold for approximately $9.73 million.
- 30 day high of the JOBS stock price was $80.66 and low was $59.36.
- 90 day high was $97.08 and low was $59.36.
- 52 week high for the 51job - $97.08 and low - $52.15.
51job lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $82.42 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -14.54% during the next 3 months and, with 90% probability hold a price between $50.86 and $70.43 at the end of this period.
Only positive signals in the chart today. 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 $78.29 and $74.32. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday July 08, 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 68 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 behavior.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $74.07 and $72.01.
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 $74.07. If this is broken, then the next support from accumulated volume will be at $72.01 and $70.11.
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 $1.84 (2.33%) between high and low. For the last week, the stock has had a daily average volatility of 2.67%.
Our recommended stoploss: $76.12 (-4.39%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 9 days ago.)
2.67 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive, despite the stock being in a falling trend, 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 Hold/Accumulate to a Buy Candidate.
|JOBS $79.61 ($0.39 0.49%)|
JOBS is up $0.39 today, but where's it headed in 2019?
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