Stronger Sell Today WUBA ranks #3763 as SELL CANDIDATE. Weaker Sell
Today WUBA ranks #3763 as SELL CANDIDATE.

WUBA stock 58.com Inc

WUBA stock
58.com Inc

April 24, 2019
Change -2.75%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

Will WUBA stock price go up or down on Fri, 26 Apr 2019?

58.com Inc Forecast and Stock Analysis

Technical WUBA stock analysis for April 24, 2019.

Sell candidate since 2019-04-24
Shorts 1.62% ( 2019-03-29 )
Cash n/a
Loans n/a
Beta 1.61
ROA 6.62

58.com Inc fell by -2.75% in the last day from $72.70 to $70.70 The price has been going up and down for this period, and there has been a -0.59% loss for the last 2 weeks. Volume has increased in the last day by 49 101 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 851 759 shares bought and sold for approximately $60.22 million.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the WUBA stock was $70.70. This is 2.75% less than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 3.07% from a day low at $70.28 to a day high of $72.44.

30 day high of the WUBA stock price was $72.89 and low was $60.56.
90 day high was $74.17 and low was $56.46.
52 week high for the 58.com Inc - $89.90 and low - $50.30.

Trend

58.com Inc lies in the middle of a wide and 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 6.48% during the next 3 months and, with 90% probability hold a price between $66.28 and $82.15 at the end of this period.

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Signals

There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Tuesday April 23, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. 58.com Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $71.58. On a fall, the stock will find some support from the long-term average at approximately $66.09. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.

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Relative Strength Index (RSI)

RSI14 is 53 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

58.com Inc finds support from accumulated volume at $67.37.

Support: $67.37 Price: $70.70 Resistance: $71.28

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 $2.16 between high and low, or 3.07%. For the last week, the stock has had a daily average volatility of 2.51%.

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

Overall risk:

Very Low Low Medium High Very High

Evaluation: Sell Candidate

58.com Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.

Stronger Sell Today WUBA ranks #3763 as SELL CANDIDATE. Weaker Sell
Today WUBA ranks #3763 as SELL CANDIDATE.