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$40.39 (-0.69%)

Volume: 1M

Closed: Dec 08, 2021

Hollow Logo Score: -2.032

CDK Global Stock Forecast

$40.39 (-0.69%)

Volume: 1M

Closed: Dec 08, 2021

Score Hollow Logo -2.032
Which way will CDK go? Request
Key Stats
P/E Ratio 4.58
Beta 0.9
Trailing Dividend Rate 1.47% ($0.60)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 75 ] RSI14 is 46 and the stock is currently not being overbought or oversold

Red day on Wednesday for CDK Global stock after losing 0.69%
(Updated on Dec 08, 2021)


Sell candidate since 2021-11-24 Gain 0.30%

The CDK Global stock price fell by -0.69% on the last day (Wednesday, 8th Dec 2021) from $40.67 to $40.39. and has now fallen 3 days in a row. During the day the stock fluctuated 1.77% from a day low at $40.33 to a day high of $41.05. The price has fallen in 6 of the last 10 days and is down by -0.05% for this period. Volume has increased on the last day by 280 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, 1 million shares were bought and sold for approximately $42.99 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 -6.41% during the next 3 months and, with a 90% probability hold a price between $35.90 and $40.79 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, November 30, 2021, and so far it has risen 4.53%. 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 CDK Global 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 $41.88. On a fall, the stock will find some support from the short-term average at $39.99. 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. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

CDK Global finds support from accumulated volume at $39.49 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 $0.72 between high and low, or 1.77%. For the last week, the stock has had a daily average volatility of 2.52%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is CDK Global stock A Buy?

CDK Global 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.

Current score: -2.032

Predicted Opening Price for CDK Global of Thursday, December 9, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 9, 2021 Current price
$40.59 $40.39 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Aug 18, 2021 "Morgan Stanley" gave "$62.00 - $56.00" rating for CDK. The price target was changed from $45.49 to 0.9%.

Volatility and Risk
Daily Average Volatility: 2.52 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.52 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $43.03
Price: $40.39
Support: $39.49

CDK Insider Trading Show all Trades

INSIDER POWER

11.294

Last 100 transactions
Buy: 1 332 473 | Sell: 117 981 (Shares)
Date Action Amount Person Type
Nov 15, 2021 Buy 4 761 Schuckenbrock Stephen Francis Common Stock
Nov 15, 2021 Buy 4 761 Sowinski Frank S Common Stock
Nov 15, 2021 Buy 4 761 Voynick Eileen J. Common Stock
Nov 15, 2021 Buy 1 785 Brun Leslie A Common Stock
Nov 15, 2021 Buy 4 761 Brun Leslie A Common Stock
Show all Insider Trades
INSIDER POWER

11.294

Last 100 transactions
Buy: 1 332 473 | Sell: 117 981 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 41.30 2.26 %
41.03 1.59 %
40.86 1.17 %
Current price: 40.39
Support 40.32 -0.19 %
40.15 -0.60 %
39.87 -1.28 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 43.98 8.89 %
43.52 7.75 %
43.03 6.54 %
Current price 40.39
Support 39.49 -2.23%
38.80 -3.94%
38.64 -4.33%

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About CDK Global

CDK Global CDK Global, Inc. provides integrated information technology and digital marketing solutions to the automotive retail and other industries worldwide. The company operates through Retail Solutions North America, Advertising North America, and CDK International segments. It offers technology-based solutions, including automotive Website platforms; and advertising solutions comprising the management of digital advertising spend, for original equipmen... Read more

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