YRCW - YRC Worldwide Tue 24'th Jan 2017
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.
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.
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.
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)
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.