CGI Group Inc Forecast and Stock Analysis
Technical GIB stock analysis for March 15, 2019.
|Shorts||6.96% ( 2019-02-28 )|
CGI Group Inc gained 0.31% in the last trading day, rising from $67.29 to $67.50 The price has been going up and down for this period, and there has been a 0.55% gain 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, 48 511 more shares were traded than the day before. In total, 138 363 shares bought and sold for approximately $9.34 million.
Close price at the end of the last trading day (Friday, 15th Mar 2019) of the GIB stock was $67.50. This is 0.31% more than the trading day before Thursday, 14th Mar 2019.
During day the stock fluctuated 0.85% from a day low at $67.17 to a day high of $67.74.
30 day high of the GIB stock price was $67.96 and low was $65.32.
90 day high was $68.17 and low was $57.35.
52 week high for the CGI Group Inc - $68.17 and low - $56.26.
CGI Group Inc lies in the middle of a strong 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 12.41% during the next 3 months and, with 90% probability hold a price between $73.17 and $79.77 at the end of this period.
CGI 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 $66.91 and $66.64. A break down below any of these levels will issue sell signals. 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 sales signal was issued from a pivot top point on Tuesday March 12, 2019, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSI14 is 52 and the stock is currently not being overbought or oversold
Support & Resistance
CGI Group Inc finds support from accumulated volume at $67.44.
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 $0.57 (0.85%) between high and low. For the last week, the stock has had a daily average volatility of 1.31%.
Our recommended stoploss: $64.72 (-4.13%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 3 days ago.)
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Evaluation: Buy Candidate
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.