CBG.L Forecast and Technical Stock Analysis
Buy candidate since 2019-11-22 Gain 5.43% PDF
CBRE Group Inc gained 0.73% in the last trading day ( Monday, 9th Dec 2019 ), rising from £15.03 to £15.14 , and has now gained 5 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 2.08% from a day low at £14.91 to a day high of £15.22. The price has risen in 6 of the last 10 days and is up by 3.27% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 49 907 more shares were traded than the day before. In total, 259 775 shares bought and sold for approximately £3.93 million.
- 30 day high of the CBG.L stock price was £15.22 and low was £13.84.
- 90 day high was £15.22 and low was £12.38.
- 52 week high for CBRE Group Inc - £1 577.00 and low - £12.09.
CBRE Group Inc lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £15.28 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 8.88% during the next 3 months and, with 90% probability hold a price between £14.83 and £16.63 at the end of this period.
Only positive signals in the chart today. CBRE Group Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at £14.90 and £14.38. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday November 21, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 20 - 85 ]
RSI14 is 71 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at £14.17 and £13.97.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, CBRE Group Inc finds support just below today's level at £14.17. If this is broken, then the next support from accumulated volume will be at £13.97 and £13.89.
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 £0.31 (2.08%) between high and low. For the last week, the stock has had daily average volatility of 1.76%.
Our recommended stop-loss: £14.41 (-4.82%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 12 days ago.)
1.76 %Average volatility
Very Low Low Medium High Very High
CBRE Group Inc holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!