CSG Systems International Stock Forecast
Red day on Thursday for CSG Systems International
(Updated on Apr 25, 2024)
The CSG Systems International stock price fell by -3.29% on the last day (Thursday, 25th Apr 2024) from $49.83 to $48.19. During the last trading day the stock fluctuated 2.79% from a day low at $48.05 to a day high of $49.39. The price has risen in 7 of the last 10 days but is still down by -0.58% for this period. Volume has increased on the last day by 62 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 217 thousand shares were bought and sold for approximately $10.47 million.
The stock lies in the middle of a 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 -6.24% during the next 3 months and, with a 90% probability hold a price between $40.49 and $49.21 at the end of this 3-month period.
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CSGS Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 1.37%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The CSG Systems International stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 $48.87 and $50.21. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for CSG Systems International stock
CSG Systems International finds support from accumulated volume at $48.06 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.34 (2.79%) between high and low. For the last week, the stock has had daily average volatility of 2.34%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CSGS) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect CSG Systems International to open at $48.54, and during the day (based on 14 day Average True Range), to move between $47.07 and $49.31, which gives a possible trading interval of +/-$1.12 (+/-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 support from accumulated volume at $48.06 (0.27%) than the resistance at $50.94 (5.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
CSG Systems International will release earnings AMC on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.93. We will update the financials statements for CSG Systems International, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.02% in the first trading day after earnings release.
Is CSG Systems International stock A Buy?
CSG Systems International holds several negative signals and is within a 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.
Current score: -2.644 Sell Candidate Unchanged
Predicted Opening Price for CSG Systems International of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $48.54 ( 0.733%) | $48.19 |
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 | 49.88 | 3.51 % | |
| R2 | 49.37 | 2.45 % | ||
| R1 | 49.06 | 1.80 % | ||
| Current price: | 48.19 | |||
| Support | S1 | 48.03 | -0.329 % | |
| S2 | 47.72 | -0.99 % | ||
| S3 | 47.20 | -2.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.34 | 10.69 % | |
| R2 | 52.41 | 8.76 % | ||
| R1 | 50.94 | 5.71 % | ||
| Current price | 48.19 | |||
| Support | S1 | 48.06 | -0.270% | |
| S2 | 46.36 | -3.80% | ||
| S3 | 46.33 | -3.86% |
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
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