CSG Systems International Stock Forecast
Green day on Thursday for CSG Systems International stock after gaining 2.10%
(Updated on Mar 28, 2024)
The CSG Systems International stock price gained 2.10% on the last trading day (Thursday, 28th Mar 2024), rising from $50.48 to $51.54. During the last trading day the stock fluctuated 2.25% from a day low at $50.69 to a day high of $51.83. The price has been going up and down for this period, and there has been a 1.24% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 75 thousand more shares were traded than the day before. In total, 272 thousand shares were bought and sold for approximately $14.03 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect CSG Systems International stock with a 90% probability to be traded between $47.06 and $55.48 at the end of this 3-month period. 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 top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CSGS Signals & Forecast
There are mixed signals in the stock today. The CSG Systems International stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $52.68. On a fall, the stock will find some support from the short-term average at $50.96. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, February 27, 2024, and so far it has fallen -5.93%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for CSG Systems International stock
CSG Systems International finds support from accumulated volume at $50.94 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.14 between high and low, or 2.25%. For the last week, the stock has had daily average volatility of 2.05%.
Our recommended stop-loss: $49.25 (-4.44%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (CSGS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect CSG Systems International to open at $51.35, and during the day (based on 14 day Average True Range), to move between $50.34 and $52.74, which gives a possible trading interval of +/-$1.20 (+/-2.32%) up or down from last closing price. If CSG Systems International takes out the full calculated possible swing range there will be an estimated 4.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $52.08 (1.05%) than the support at $50.94 (1.16%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is CSG Systems International stock A Buy?
CSG Systems International holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.371 Hold/Accumulate Unchanged
Predicted Opening Price for CSG Systems International of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$51.35 ( 0.362%) | $51.54 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CSGS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 52.49 | 1.85 % | |
R2 | 52.06 | 1.00 % | ||
R1 | 51.79 | 0.483 % | ||
Current price: | 51.54 | |||
Support | S1 | 50.92 | -1.21 % | |
S2 | 50.65 | -1.73 % | ||
S3 | 50.21 | -2.57 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 53.34 | 3.49 % | |
R2 | 52.41 | 1.69 % | ||
R1 | 52.08 | 1.05 % | ||
Current price | 51.54 | |||
Support | S1 | 50.94 | -1.16% | |
S2 | 46.36 | -10.05% | ||
S3 | 46.33 | -10.11% |
CSGS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 07, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.300 | 0.582% |
2 | Dec 12, 2023 | Dec 12, 2023 | Dec 22, 2023 | $0.280 | 0.522% |
3 | Aug 21, 2023 | Sep 13, 2023 | Sep 28, 2023 | $0.280 | 0.545% |
4 | Aug 06, 2023 | Jun 15, 2023 | Jun 29, 2023 | $0.280 | 0.533% |
5 | Jun 15, 2023 | Mar 16, 2023 | Mar 30, 2023 | $0.280 | 0.529% |
FAQ
Click here for our free guide on how to buy CSG Systems International Stock.