Colliers International Group Inc. Stock Forecast
Colliers International Group Inc. stock downgraded to Sell Candidate
(Updated on Apr 25, 2024)
The Colliers International Group Inc. stock price fell by -1.73% on the last day (Thursday, 25th Apr 2024) from $149.49 to $146.91. During the last trading day the stock fluctuated 2.12% from a day low at $146.42 to a day high of $149.53. The price has fallen in 7 of the last 10 days and is down by -5.6% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -18 thousand shares and in total, 52 thousand shares were bought and sold for approximately $7.64 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.96% during the next 3 months and, with a 90% probability hold a price between $133.80 and $158.86 at the end of this 3-month period.
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CIGI.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.713%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Colliers International 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 $148.39 and $158.40. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Colliers International Group Inc. stock
Colliers International Group Inc. finds support from accumulated volume at $145.87 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.11 between high and low, or 2.12%. For the last week, the stock has had daily average volatility of 2.30%.
Colliers International Group Inc. is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CIGI.TO) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Colliers International Group Inc. to open at $147.62, and during the day (based on 14 day Average True Range), to move between $143.40 and $150.42, which gives a possible trading interval of +/-$3.51 (+/-2.39%) up or down from last closing price. If Colliers International Group Inc. takes out the full calculated possible swing range there will be an estimated 4.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $145.87 (0.71%) than the resistance at $157.16 (6.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Colliers International Group Inc. will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.29. We will update the financials statements for Colliers International Group Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.88% in the first trading day after earnings release.
Is Colliers International Group Inc. stock A Buy?
Colliers International Group Inc. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.438 Sell Candidate Downgraded
Predicted Opening Price for Colliers International Group Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $147.62 ( 0.483%) | $146.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CIGI.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 150.73 | 2.60 % | |
| R2 | 149.54 | 1.79 % | ||
| R1 | 148.81 | 1.29 % | ||
| Current price: | 146.91 | |||
| Support | S1 | 146.43 | -0.325 % | |
| S2 | 145.70 | -0.82 % | ||
| S3 | 144.51 | -1.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 161.34 | 9.82 % | |
| R2 | 161.25 | 9.76 % | ||
| R1 | 157.16 | 6.98 % | ||
| Current price | 146.91 | |||
| Support | S1 | 145.87 | -0.708% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
CIGI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0 | 0% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jul 14, 2023 | $0.199 | 0.140% |
| 3 | Dec 06, 2022 | Dec 29, 2022 | Jan 13, 2023 | $0.204 | 0.154% |
| 4 | May 17, 2022 | Jun 29, 2022 | Jul 14, 2022 | $0.193 | 0.135% |
| 5 | Dec 07, 2021 | Dec 30, 2021 | Jan 12, 2022 | $0.192 | 0.107% |
FAQ
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