VOLUME
Sell
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

WUBA Forecast and Technical Stock Analysis

Sell candidate since 2019-07-05 Loss -7.17%

58.com Inc fell by -0.53% in the last day ( Friday, 12th Jul 2019 ) from $58.21 to $57.90 During day the stock fluctuated 1.85% from a day low at $57.38 to a day high of $58.44. The price has fallen in 7 of the last 10 days and is down by -9.46% for this period. 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 -6 397 shares and in total 606 866 shares bought and sold for approximately $35.14 million.

Quick summary:

  • 30 day high of the WUBA stock price was $65.74 and low was $56.97.
  • 90 day high was $72.90 and low was $53.53.
  • 52 week high for the 58.com Inc - $77.60 and low - $50.30.
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Trend

58.com Inc lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -15.81% during the next 3 months and, with 90% probability hold a price between $40.49 and $53.14 at the end of this period.

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Signals

A buy signal was issued from a pivot bottom point on Wednesday July 10, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 58.com Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $59.74 and $59.83. A break-up above any of these levels will issue buy signals. 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)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 28 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

58.com Inc finds support from accumulated volume at $57.69.

Support: $57.69 Price: $57.90 Resistance: $58.91

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.06 between high and low, or 1.85%. For the last week, the stock has had a daily average volatility of 2.71%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

2.71 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Upgraded

Evaluation

58.com Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Stronger Sell Today WUBA ranks #3924 as SELL CANDIDATE #3924 Weaker Sell

Will WUBA stock price go up or down on Tue, 16 Jul 2019?

Predict
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