CSG Systems International 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
CSG Systems International stock price ended at $50.48 on Wednesday, after gaining 0.358%.
(Updated on Mar 27, 2024)
The CSG Systems International stock price gained 0.358% on the last trading day (Wednesday, 27th Mar 2024), rising from $50.30 to $50.48. During the last trading day the stock fluctuated 2.36% from a day low at $50.19 to a day high of $51.38. The price has fallen in 6 of the last 10 days and is down by -3.42% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 52 thousand more shares were traded than the day before. In total, 198 thousand shares were bought and sold for approximately $9.97 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect CSG Systems International stock with a 90% probability to be traded between $46.93 and $55.36 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CSGS Signals & Forecast
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. 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 $50.89 and $52.53. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, February 27, 2024, and so far it has fallen -7.87%. 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).
Support, Risk & Stop-loss for CSG Systems International stock
CSG Systems International finds support from accumulated volume at $48.06 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 $1.19 between high and low, or 2.36%. For the last week, the stock has had daily average volatility of 1.92%.
Our recommended stop-loss: $48.17 (-4.58%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (CSGS) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect CSG Systems International to open at $50.68, and during the day (based on 14 day Average True Range), to move between $49.29 and $51.67, which gives a possible trading interval of +/-$1.19 (+/-2.35%) up or down from last closing price. If CSG Systems International takes out the full calculated possible swing range there will be an estimated 4.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $50.94 (0.91%) than the support at $48.06 (4.79%), 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 CSG Systems International stock A Buy?
CSG Systems International holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.365 Hold/Accumulate Unchanged
Predicted Opening Price for CSG Systems International of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$50.68 ( 0.399%) | $50.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CSGS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 51.87 | 2.75 % | |
R2 | 51.41 | 1.85 % | ||
R1 | 51.13 | 1.30 % | ||
Current price: | 50.48 | |||
Support | S1 | 50.23 | -0.497 % | |
S2 | 49.95 | -1.05 % | ||
S3 | 49.50 | -1.95 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 53.34 | 5.67 % | |
R2 | 52.41 | 3.82 % | ||
R1 | 50.94 | 0.91 % | ||
Current price | 50.48 | |||
Support | S1 | 48.06 | -4.79% | |
S2 | 46.36 | -8.16% | ||
S3 | 46.33 | -8.22% |
CSGS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 07, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.300 | 0.594% |
2 | Dec 12, 2023 | Dec 12, 2023 | Dec 22, 2023 | $0.280 | 0.522% |
3 | Aug 21, 2023 | Sep 13, 2023 | Sep 28, 2023 | $0.280 | 0.545% |
4 | Aug 06, 2023 | Jun 15, 2023 | Jun 29, 2023 | $0.280 | 0.533% |
5 | Jun 15, 2023 | Mar 16, 2023 | Mar 30, 2023 | $0.280 | 0.529% |
FAQ
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