Tue 18'th Sep 2018
Colliers International Group Inc. Stock Analysis
Technical stock analysis for Tue 18'th Sep 2018
|Shorts||1.33% ( 2018-08-31 )|
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.
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.
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.
Relative Strength Index (RSI)
RSI14 is 31 and the stock is currently not being overbought or oversold
Support & Resistance
Colliers International Group Inc. finds support from accumulated volume at $79.05.
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.)
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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.Click for Top 5 Buy Candidates
|CIGI $79.25 $1.05(1.34%)|
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