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Colliers International Group Inc. Stock Forecast NASDAQ:CIGI

$140.96 (0.0284%)

Volume: 37k

Closed: Nov 29, 2021

Hollow Logo Score: -2.688

Colliers International Group Inc. Stock Forecast

$140.96 (0.0284%)

Volume: 37k

Closed: Nov 29, 2021

Score Hollow Logo -2.688
Which way will CIGI go? Request
Key Stats
Beta 0.96
Trailing Dividend Rate 0.07% ($0.1000)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 37 and the stock is currently not being overbought or oversold

Green day on Monday for Colliers International Group Inc. stock after gaining 0.0284%
(Updated on Nov 29, 2021)


Sell candidate since 2021-11-26 Gain 0.03%

The Colliers International Group Inc. stock price gained 0.0284% on the last trading day (Monday, 29th Nov 2021), rising from $140.92 to $140.96. During the day the stock fluctuated 2.44% from a day low at $139.49 to a day high of $142.89. The price has been going up and down for this period, and there has been a -2.47% loss for the last 2 weeks. Volume fell on the last day by -22 thousand shares and in total, 37 thousand shares were bought and sold for approximately $5.15 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a 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 10.46% during the next 3 months and, with a 90% probability hold a price between $151.59 and $168.35 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, November 26, 2021, and so far it has risen 0.0284%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Colliers International Group Inc. 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 $142.99 and $143.04. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

Colliers International Group Inc. finds support from accumulated volume at $135.72 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $3.40 between high and low, or 2.44%. For the last week the stock has had a daily average volatility of 2.72%.

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

Is Colliers International Group Inc. stock A Buy?

The Colliers International Group Inc. stock holds several negative signals and despite the positive trend, we believe Colliers International Group Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.688

Predicted Opening Price for Colliers International Group Inc. of Tuesday, November 30, 2021

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

Fair opening price November 30, 2021 Current price
$141.11 $140.96 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 03, 2021 "Raymond James" gave "$155.00 - $160.00" rating for CIGI. The price target was set to $143.47+1.5%.

Volatility and Risk
Daily Average Volatility: 2.72 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.72 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $142.59
Price: $140.96
Support: $135.72

CIGI Insider Trading Show all Trades

INSIDER POWER

1.204

Last 21 transactions
Buy: 2 119 180 | Sell: 1 760 100 (Shares)
Date Action Amount Person Type
May 19, 2021 Sell 1 500 000 Spruce House Partnership Llc Subordinate Voting Shares
Mar 20, 2020 Sell 260 100 Spruce House Partnership Llc Common Stock, par value $.0001 per share
Dec 09, 2019 Buy 1 Spruce House Partnership Lp Subordinate Voting Shares
Feb 14, 2017 Buy 65 100 Spruce House Partnership Lp Subordinate Voting Shares
Feb 09, 2017 Buy 52 723 Spruce House Partnership Lp Subordinate Voting Shares
Show all Insider Trades
INSIDER POWER

1.204

Last 21 transactions
Buy: 2 119 180 | Sell: 1 760 100 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 144.51 2.52 %
143.21 1.60 %
142.41 1.03 %
Current price: 140.96
Support 139.81 -0.81 %
139.01 -1.38 %
137.71 -2.30 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 144.44 2.47 %
144.28 2.36 %
142.59 1.16 %
Current price 140.96
Support 135.72 -3.72%
131.71 -6.56%
127.92 -9.25%

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About Colliers International Group Inc.

Colliers International Group Colliers International Group Inc. provides commercial real estate services to real estate occupiers, owners, and investors worldwide. The company’s Sales and Lease Brokerage Division offers transaction brokerage services, including landlord representation, tenant representation, and capital markets and investment services, as well as property management, leasing, and valuations. This division provides its services for various asset classes, incl... Read more

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