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$8.10 (0%)

Volume: 4k

Closed: Dec 03, 2021

Hollow Logo Score: 0.195

Computer Task Group Stock Forecast

$8.10 (0%)

Volume: 4k

Closed: Dec 03, 2021

Score Hollow Logo 0.195
Which way will CTG go? Request
Stop-loss: $7.71 (-4.86%)
Key Stats
P/E Ratio 17.96
Beta 0.43
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 41 and the stock is currently not being overbought or oversold

Computer Task Group stock price ended on $8.10 on Friday after losing 0%
(Updated on Dec 03, 2021)


Hold candidate since 2021-12-01 Loss -0.86%

No changes to the price of Computer Task Group stock on the last trading day (Friday, 3rd Dec 2021). During the day the stock fluctuated 2.40% from a day low at $7.91 to a day high of $8.10. The price has fallen in 6 of the last 10 days and is down by -5.59% for this period.

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 Computer Task Group stock with a 90% probability to be traded between $7.52 and $8.52 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.

Signals & Forecast

The Computer Task Group stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $8.02 and $8.08. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, November 29, 2021, and so far it has risen 4.11%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss

Computer Task Group finds support from accumulated volume at $8.06 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.19 between high and low, or 2.40%. For the last week the stock has had a daily average volatility of 3.66%.

Our recommended stop-loss: $7.71 (-4.86%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)

Is Computer Task Group stock A Buy?

Computer Task Group 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.

Current score: 0.195

Predicted Opening Price for Computer Task Group of Monday, December 6, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 6, 2021 Current price
$8.04 $8.10 (Overvalued)
Hold/Accumulate Unchanged

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Volatility and Risk
Daily Average Volatility: 3.66 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.66 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $8.13
Price: $8.10
Support: $8.06

CTG Insider Trading Show all Trades

INSIDER POWER

1.870

Last 100 transactions
Buy: 305 008 | Sell: 163 096 (Shares)
Date Action Amount Person Type
Sep 16, 2021 Buy 2 502 Rahmani Valerie Common Stock
Sep 16, 2021 Buy 2 502 Helvey Iii James R Common Stock
Sep 16, 2021 Buy 2 502 Klein David H Common Stock
Sep 16, 2021 Buy 2 502 Stein Kathryn A Common Stock
Sep 16, 2021 Buy 2 502 Rajgopal Raj Common Stock
Show all Insider Trades
INSIDER POWER

1.870

Last 100 transactions
Buy: 305 008 | Sell: 163 096 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 8.23 1.56 %
8.15 0.67 %
8.11 0.11 %
Current price: 8.10
Support 7.96 -1.68 %
7.92 -2.23 %
7.85 -3.13 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 8.35 3.09 %
8.20 1.23 %
8.13 0.37 %
Current price 8.10
Support 8.06 -0.49%
8.00 -1.23%
7.90 -2.47%

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About Computer Task Group

Computer Task Group Computer Task Group, Incorporated operates as an information technology (IT) solutions and staffing services company in North America and Europe. Its IT solutions include the implementation and optimization of packaged software applications; development and deployment of customized software and solutions designed to fit the needs of a specific client or market; and design and distribution of complex technology components. The company’s IT and ot... Read more

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