CSG Systems International Stock Forecast
Red day on Friday for CSG Systems International stock after losing 0.521%
(Updated on Sep 22, 2023)
The CSG Systems International stock price fell by -0.521% on the last day (Friday, 22nd Sep 2023) from $51.80 to $51.53. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.01% from a day low at $51.53 to a day high of $52.05. The price has fallen in 7 of the last 10 days and is down by -3.18% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -14 thousand shares and in total, 339 thousand shares were bought and sold for approximately $17.48 million.
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Given the current short-term trend, the stock is expected to rise 2.98% during the next 3 months and, with a 90% probability hold a price between $53.07 and $62.35 at the end of this 3-month period.
CSGS Signals & Forecast
There are few to no technical positive signals at the moment. The CSG Systems International 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 $52.40 and $53.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, August 03, 2023, and so far it has fallen -13.50%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for CSG Systems International stock
CSG Systems International finds support from accumulated volume at $51.40 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 $0.520 between high and low, or 1.01%. For the last week the stock has had daily average volatility of 1.36%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CSGS) For The Upcoming Trading Day Of Monday 25th
For the upcoming trading day on Monday, 25th we expect CSG Systems International to open at $51.70, and during the day (based on 14 day Average True Range), to move between $50.31 and $52.75, which gives a possible trading interval of +/-$1.22 (+/-2.36%) up or down from last closing price. If CSG Systems International takes out the full calculated possible swing range there will be an estimated 4.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $51.40 (0.25%) than the resistance at $52.70 (2.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CSG Systems International stock A Buy?
The CSG Systems International stock holds several negative signals and despite the positive trend, we believe CSG Systems International will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.690 Open Broker Account
Sell Candidate UnchangedPredicted Opening Price for CSG Systems International of Monday, September 25, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price September 25, 2023 | Current price |
|---|---|
| $51.70 | $51.53 (Undervalued) |
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Trading levels for CSGS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 52.22 | 1.35 % | |
| R2 | 52.02 | 0.96 % | ||
| R1 | 51.90 | 0.722 % | ||
| Current price: | 51.53 | |||
| Support | S1 | 51.50 | -0.0491 % | |
| S2 | 51.38 | -0.287 % | ||
| S3 | 51.18 | -0.673 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.86 | 4.52 % | |
| R2 | 53.22 | 3.28 % | ||
| R1 | 52.70 | 2.27 % | ||
| Current price | 51.53 | |||
| Support | S1 | 51.40 | -0.252% | |
| S2 | 51.38 | -0.291% | ||
| S3 | 51.23 | -0.582% |
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About CSG Systems International
CSG Systems International, Inc. provides revenue management and digital monetization, customer engagement, and payment solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers Advanced Convergent Platform, a private SaaS based platform; related solutions, including field force automation, analytics, electronic bill presentment, ACH, etc. to the North American cable and sa... CSGS Profile
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