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% PDF
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|
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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%.
CDK Insider Trading
|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|
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