Colliers International Group Inc. Stock Forecast
Colliers International Group Inc. stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Colliers International Group Inc. stock price fell by -2.06% on the last day (Tuesday, 2nd Jul 2024) from $152.77 to $149.62. During the last trading day the stock fluctuated 2.15% from a day low at $146.63 to a day high of $149.78. The price has fallen in 6 of the last 10 days and is down by -1.42% for this period. Volume has increased on the last day by 15 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, 48 thousand shares were bought and sold for approximately $7.11 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 -2.49% during the next 3 months and, with a 90% probability hold a price between $136.69 and $153.00 at the end of this 3-month period.
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CIGI.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 1.78%. 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 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 $150.45 and $152.17. 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 Colliers International Group Inc. stock
Colliers International Group Inc. finds support from accumulated volume at $148.81 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 $3.15 between high and low, or 2.15%. For the last week the stock has had daily average volatility of 1.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CIGI.TO) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Colliers International Group Inc. to open at $148.68, and during the day (based on 14 day Average True Range), to move between $146.33 and $152.91, which gives a possible trading interval of +/-$3.29 (+/-2.20%) up or down from last closing price. If Colliers International Group Inc. takes out the full calculated possible swing range there will be an estimated 4.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $149.64 (0.01%) than the support at $148.81 (0.54%), 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 Colliers International Group Inc. stock A Buy?
Colliers International Group Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.569 Sell Candidate Downgraded
Predicted Opening Price for Colliers International Group Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $148.68 ( 0.630%) | $149.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CIGI.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 151.83 | 1.47% |
| R2 | 150.62 | 0.671% |
| R1 | 149.88 | 0.174% |
| Price | 149.62 | |
| S1 | 147.47 | -1.43% |
| S2 | 146.73 | -1.93% |
| S3 | 145.53 | -2.74% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 158.99 | 6.26% |
| R2 | 152.83 | 2.15% |
| R1 | 149.64 | 0.0134% |
| Price | 149.62 | |
| S1 | 148.81 | -0.541% |
| S2 | 148.37 | -0.84% |
| S3 | 142.84 | -4.53% |
CIGI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 12, 2024 | $0.204 | 0.137% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.198 | 0.133% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jul 14, 2023 | $0.199 | 0.140% |
| 4 | Dec 06, 2022 | Dec 29, 2022 | Jan 13, 2023 | $0.204 | 0.154% |
| 5 | May 17, 2022 | Jun 29, 2022 | Jul 14, 2022 | $0.193 | 0.135% |
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