Help us make better tools for you!. Read more (Published: 2017-01-12)

YRCW - YRC Worldwide Tue 24'th Jan 2017

Industry: Trucking Sector: Services
Add to Watchlist

Buy Candidate

Score: 2.66

#2513 of 5186
Trend:
MV Long:
MV Short:
Pivot:
Volume:
MACD:
Accuracy: 83.87%
Risk: Medium
Request Prediction
We need your help. Please answer this short survey to help us improve by clicking HERE.

Stock analysis for Tue 24'th Jan 2017 (Updated daily)

Buy candidate since 2017-01-24

YRC Worldwide Stock Analysis


YRC Worldwide gained 3.24% in the last trading day, rising from USD 13.28 to USD 13.71. The price has fallen in 6 of the last 10 days , but is still up by 2.93% over the past 2 weeks. Volume also increased in the last day along with the price, which is a positive technical sign, and, in total, 5 508 more shares were traded than the day before. In total, 534 277 shares bought and sold for approximately USD 7.32 million.

Trend

YRC Worldwide lies in the middle of a very wide and strong 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 30.6% during the next 3 months and, with 90% probability hold a price between USD 15.64 and USD 24.38 at the end of this period.

Signals

YRC Worldwide 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 USD 13.96 and USD 14.27. A break-up above any of these levels will issue buy signals. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Monday January 23, 2017, 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)

RSI14 is 52 and the stock is currently not being overbought or oversold

Support & Resistance

YRC Worldwide finds support from accumulated volume at USD 13.15, USD 12.75, and USD 10.94. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 13.85, USD 14.72 and USD 15.97.

The stock is about to test the resistance from accumulated volume at USD 13.85 and this may cause the stock to take a minor break or get into a more sideways move for a few 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 0.53 (3.96%) between high and low. For the last week, the stock has had a daily average volatility of 5.97%.

Our recommended stoploss: USD 13.23 (-3.50%) ( criteria: risk and position in trend)

Evaluation

Several of the signals/indicators are negative, and we believe this will hoave some effect on the development for the next days and possible weeks. However, for the entire period will still think today's level holds possible buying-opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate


Want to be one step ahead of others?

Subscribe Now!

Click for pro features list

Want to be one step ahead of others?

Subscribe Now!

Click for pro features list

Chart Explanation

Build Your Watchlist

Add YRCW My Watchlist

Weekly Trading Secrets

Recommenended
book of the week

5186
Companies analyzed today