CSG Systems International stock downgraded to Hold/Accumulate
(Updated on Oct 15, 2021)
Buy or Hold candidate since 2021-09-30 Gain 4.15% PDF
The CSG Systems International stock price gained 0.50% on the last trading day (Friday, 15th Oct 2021), rising from $49.95 to $50.20. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 1.50% from a day low at $49.89 to a day high of $50.64. The price has risen in 6 of the last 10 days and is up by 1.99% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 27 thousand more shares were traded than the day before. In total, 128 thousand shares were bought and sold for approximately $6.44 million.
The stock lies in the middle of a 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 $52.65 and $56.81 at the end of this 3-month period.
Signals & Forecast
The CSG Systems International 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 $50.34. On a fall, the stock will find some support from the long-term average at approximately $48.59. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, October 08, 2021, and so far it has fallen -1.67%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss
CSG Systems International finds support from accumulated volume at $48.40 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 $0.75 between high and low, or 1.50%. For the last week, the stock has had a daily average volatility of 1.83%.
Our recommended stop-loss: $48.09 (-4.20%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)
Is CSG Systems International stock A Buy?
CSG Systems International holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.674
Predicted Opening Price for CSG Systems International of Monday, October 18, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price October 18, 2021||Current price|
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Sidoti does not see either upside or downside right now giving CSGS "Buy - Neutral" on their last update on Mar 30, 2021. The price target was set to $49.00.
CSGS Insider Trading
|Sep 10, 2021||Buy||3 672||Obuchowski Janice I||Common Stock|
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