Colliers International Group Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Colliers International Group Inc. stock price down 0.707% on Thursday
(Updated on Mar 28, 2024)
The Colliers International Group Inc. stock price fell by -0.707% on the last day (Thursday, 28th Mar 2024) from $123.10 to $122.23. During the last trading day the stock fluctuated 1.57% from a day low at $122.16 to a day high of $124.08. The price has fallen in 6 of the last 10 days but is still up by 1.86% over the past 2 weeks. Volume has increased on the last day by 47 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, 93 thousand shares were bought and sold for approximately $11.37 million.
The stock lies in the middle of a wide and weak 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 4.73% during the next 3 months and, with a 90% probability hold a price between $119.85 and $138.00 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CIGI Signals & Forecast
The Colliers International Group Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $122.26. On a fall, the stock will find some support from the long-term average at approximately $120.89. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, February 28, 2024, and so far it has risen 5.59%. 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. 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 $119.39 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 $1.92 between high and low, or 1.57%. For the last week the stock has had daily average volatility of 1.76%.
Our recommended stop-loss: $116.55 (-4.65%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (CIGI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Colliers International Group Inc. to open at $122.82, and during the day (based on 14 day Average True Range), to move between $119.63 and $124.83, which gives a possible trading interval of +/-$2.60 (+/-2.12%) 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 4.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $122.31 (0.07%) than the support at $119.39 (2.32%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Colliers International Group Inc. stock to perform well in the short-term.
Current score: 2.276 Buy Candidate Unchanged
Predicted Opening Price for Colliers International Group Inc. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$122.82 ( 0.485%) | $122.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CIGI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 124.74 | 2.06 % | |
R2 | 124.01 | 1.46 % | ||
R1 | 123.56 | 1.09 % | ||
Current price: | 122.23 | |||
Support | S1 | 122.09 | -0.115 % | |
S2 | 121.64 | -0.485 % | ||
S3 | 120.90 | -1.09 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 128.85 | 5.42 % | |
R2 | 124.53 | 1.88 % | ||
R1 | 122.31 | 0.0655 % | ||
Current price | 122.23 | |||
Support | S1 | 119.39 | -2.32% | |
S2 | 118.60 | -2.97% | ||
S3 | 118.26 | -3.25% |
CIGI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 05, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.150 | 0.135% |
2 | May 16, 2023 | Jun 29, 2023 | Jul 14, 2023 | $0.150 | 0.139% |
3 | Dec 06, 2022 | Dec 29, 2022 | Jan 13, 2023 | $0.150 | 0.151% |
4 | May 17, 2022 | Jun 29, 2022 | Jul 14, 2022 | $0.150 | 0.137% |
5 | Dec 07, 2021 | Dec 30, 2021 | Jan 12, 2022 | $0.150 | 0.105% |
FAQ
Click here for our free guide on how to buy Colliers International Group Inc. Stock.