CIGI - Colliers International Group Inc.

Industry: Property Management Sector: Financial Exchange: NASDAQ

CIGI - Colliers International Group Inc.

Industry: Property Management Sector: Financial Exchange: NASDAQ
#2346()/7600

Tue 18'th Sep 2018

PERIOD 2018-06-19 - 2018-09-18
CHANGE 1.34%
PRICE $79.25
VOLUME
Buy
TREND
Buy

MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

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Colliers International Group Inc. Stock Analysis

Technical stock analysis for Tue 18'th Sep 2018

Buy candidate since 2018-09-18
Shorts 1.33% ( 2018-08-31 )
Cash 218.3 mill
Loans 621.8 mill
Beta 1.70
ROA 4.45

Colliers International Group Inc. gained 1.34% in the last trading day, rising from $78.20 to $79.25 , and has now gained 4 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. The price has been going up and down for this period, and there has been a -1.37% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 26 885 more shares were traded than the day before. In total, 49 012 shares bought and sold for approximately $3.88 million.

Trend

Colliers International Group Inc. lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.1% during the next 3 months and, with 90% probability hold a price between $79.71 and $88.34 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

A buy signal was issued from a pivot bottom point on Thursday September 13, 2018, 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Colliers International Group Inc. holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $79.79. On a fall, the stock will find some support from the short-term average at $78.36. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.

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A buy signal from a double bottom formation was found on Thursday September 13, 2018 and based on theory for this formation the price should go up by 2.48% to $80.38 within 3 trading days since signal was issued (Tuesday September 18, 2018).

Relative Strength Index (RSI)

RSI14 is 31 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Colliers International Group Inc. finds support from accumulated volume at $79.05.

Support: $79.05 Price: $79.25 Resistance: $81.05

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.30 (1.66%) between high and low. For the last week, the stock has had a daily average volatility of 2.04%.

Our recommended stoploss: $74.52 (-5.96%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 3 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate

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CIGI $79.25 $1.05(1.34%)
CIGI is up $1.05 today, but where's it headed in October?
Zacks Investment Research is releasing its prediction for CIGI based on the 1-3 month system that more than doubles the S&P 500.

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