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$74.86 (0.0535%)

Volume: 200.981k

Closed: Sep 26, 2022

Hollow Logo Score: -1.140

CGI Group Inc Stock Forecast

$74.86 (0.0535%)

Volume: 200.981k

Closed: Sep 26, 2022

Score Hollow Logo -1.140
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSI min/max Values: [ 25 - 75 ] RSI14 is 40 and the stock is currently not being overbought or oversold
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Green day on Monday for CGI Group Inc stock after gaining 0.0535%
(Updated on Sep 26, 2022)

Sell candidate since 2022-09-20 Loss -2.99% PDF

The CGI Group Inc stock price gained 0.0535% on the last trading day (Monday, 26th Sep 2022), rising from $74.82 to $74.86. During the last trading day the stock fluctuated 1.63% from a day low at $74.32 to a day high of $75.53. The price has fallen in 7 of the last 10 days and is down by -8.51% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 79 thousand more shares were traded than the day before. In total, 201 thousand shares were bought and sold for approximately $15.05 million.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $74.74 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.45% during the next 3 months and, with a 90% probability hold a price between $70.67 and $80.47 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. The CGI Group Inc 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 $76.50 and $80.87. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, September 23, 2022, and so far it has risen 0.0535%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss

CGI Group Inc finds support from accumulated volume at $74.82 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.21 (1.63%) between high and low. For the last week, the stock has had daily average volatility of 1.57%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations For The Upcoming Trading Day Of Tuesday 27th

For the upcoming trading day on Tuesday, 27th we expect CGI Group Inc to open at $74.90, and during the day (based on 14 day Average True Range), to move between $73.32 and $76.40, which gives a possible trading interval of +/-$1.54 (+/-2.06%) up or down from last closing price. If CGI Group Inc takes out the full calculated possible swing range there will be an estimated 4.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $74.82 (0.05%) than the resistance at $79.71 (6.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is CGI Group Inc stock A Buy?

CGI Group Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.140

Sell Candidate Unchanged

Predicted Opening Price for CGI Group Inc of Tuesday, September 27, 2022

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

Fair opening price September 27, 2022 Current price
$74.90 $74.86 (Undervalued)

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Fibonacci Support & Resistance Levels

Level Price Change
Resistance 76.11 1.67 %
75.65 1.06 %
75.37 0.68 %
Current price: 74.86
Support 74.44 -0.56 %
74.16 -0.94 %
73.69 -1.56 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 84.25 12.54 %
81.33 8.64 %
79.71 6.48 %
Current price 74.86
Support 74.82 -0.0534%
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About CGI Group Inc

CGI Group CGI Inc., together with its subsidiaries, provides information technology (IT) and business process services in Canada; Western, Southern, Central, and Eastern Europe; Australia; Scandinavia; Finland, Poland, and Baltics; the United States; the United Kingdom; and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities. The company also off... GIB Profile

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