CBRE Group Inc Stock Forecast
CBRE Group Inc stock upgraded to Hold/Accumulate.
(Updated on Apr 17, 2024)
The CBRE Group Inc stock price gained 0.82% on the last trading day (Wednesday, 17th Apr 2024), rising from £440.40 to £444.00. During the last trading day the stock fluctuated 5.03% from a day low at £437.40 to a day high of £459.40. The price has risen in 6 of the last 10 days and is up by 3.79% 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, 974 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately £724.65 million.
The stock lies the upper part of a very wide and falling 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 £475.45 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -20.59% during the next 3 months and, with a 90% probability hold a price between £172.87 and £377.56 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CBG.L Signals & Forecast
The CBRE Group Inc 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 £458.89. On a fall, the stock will find some support from the long-term average at approximately £398.59. 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 Thursday, April 11, 2024, and so far it has fallen -8.15%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for CBRE Group Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at £401.20 and £361.00. There is a 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 £401.20. If this is broken, then the next support from accumulated volume will be at £361.00 and £353.00.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £22.00 between high and low, or 5.03%. For the last week, the stock has had daily average volatility of 5.91%.
Our recommended stop-loss: £418.34 (-5.78%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (CBG.L) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect CBRE Group Inc to open at £446.93, and during the day (based on 14 day Average True Range), to move between £419.91 and £468.09, which gives a possible trading interval of +/-£24.09 (+/-5.42%) up or down from last closing price. If CBRE Group Inc takes out the full calculated possible swing range there will be an estimated 10.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £454.00 (2.25%) than the support at £401.20 (9.64%), 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 CBRE Group Inc stock A Buy?
CBRE Group Inc 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.708 Hold/Accumulate Upgraded
Predicted Opening Price for CBRE Group Inc of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| £446.93 ( 0.661%) | £444.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CBG.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 468.93 | 5.62 % | |
| R2 | 460.53 | 3.72 % | ||
| R1 | 455.34 | 2.55 % | ||
| Current price: | 444.00 | |||
| Support | S1 | 438.53 | -1.23 % | |
| S2 | 433.34 | -2.40 % | ||
| S3 | 424.93 | -4.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 502.00 | 13.06 % | |
| R2 | 458.80 | 3.33 % | ||
| R1 | 454.00 | 2.25 % | ||
| Current price | 444.00 | |||
| Support | S1 | 401.20 | -9.64% | |
| S2 | 361.00 | -18.69% | ||
| S3 | 353.00 | -20.50% |
CBG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 23, 2023 | Mar 23, 2023 | Mar 23, 2023 | £22.50 | 2.52% |
| 2 | Sep 27, 2022 | Oct 13, 2022 | Nov 22, 2022 | £44.00 | 4.17% |
| 3 | Mar 15, 2022 | Mar 24, 2022 | Apr 27, 2022 | £22.00 | 2.01% |
| 4 | Sep 28, 2021 | Oct 14, 2021 | Nov 23, 2021 | £42.00 | 3.08% |
| 5 | Mar 16, 2021 | Mar 25, 2021 | Apr 28, 2021 | £18.00 | 1.13% |
FAQ
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