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JOY - Joy Global Inc Mon 27'th Feb 2017

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Strong Buy Candidate

Score: 5.09

#734 of 5165
Trend:
MV Long:
MV Short:
Pivot:
Volume:
MACD:
Score:
Accuracy: 77.42%
Risk: Low
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Stock analysis for Mon 27'th Feb 2017 (Updated daily)

Buy candidate since 2017-02-21

Gain 0.04%

Joy Global Inc Stock Analysis


No changes to the price of Joy Global Inc in the last trading day. The price has risen in 4 of the last 10 days days and is up by 0.14% over the past 2 weeks.

Trend

Given the current horizontal trend you can expect Joy Global Inc with 90% probability to be traded between USD 28.23 and USD 28.36 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals

Only positive signals in the chart today. Joy Global Inc 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 28.16 and USD 28.14. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday December 30, 2016, which indicates further gains until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely.

The stock had a Golden Star Signal* on Wednesday February 22, 2017 in the short-term 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.

Relative Strength Index (RSI)

RSI14 is 59 and the stock is currently not being overbought or oversold

Support & Resistance

Joy Global Inc finds support from accumulated volume at USD 28.14, USD 28.12, and USD 28.01. There is no resistance from accumulated volume above today's level and given the right condition the stock may perform very well during the next couple of 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 0.04 (0.14%) between high and low. For the last week, the stock has had a daily average volatility of 0.19%.

Our recommended stoploss: USD 27.72 (-1.63%) ( based on support and risk)

Evaluation

Joy Global Inc holds several positive signals and is considered to be a good choice at current levels. We expect the stock to perform very well in the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Strong Buy Candidate.

Strong Buy Candidate


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