Weaker Buy Today GIB ranks #618 as BUY CANDIDATE. Stronger Buy
Today GIB ranks #618 as BUY CANDIDATE.

GIB stock CGI Group Inc

GIB stock
CGI Group Inc

23 January 2019
Change 0.37%
Chart period: 2018-10-24 - 2019-01-23
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Buy
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CGI Group Inc Stock Analysis

Technical stock analysis for 23 January 2019

Buy candidate since 2019-01-23
Shorts 6.56% ( 2018-12-31 )
Cash n/a
Loans n/a
Beta 0.57
ROA 9.60

CGI Group Inc gained 0.37% in the last trading day, rising from $64.38 to $64.62 The price has risen in 6 of the last 10 days and is up by 2.77% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 6 628 more shares were traded than the day before. In total, 176 373 shares bought and sold for approximately $11.40 million.

Close price at the end of the last trading day (Wednesday, 23rd Jan 2019) of the GIB stock was $64.62. This is 0.37% more than the trading day before Tuesday, 22nd Jan 2019.

During day the stock fluctuated 1.54% from a day low at $64.11 to a day high of $65.10.

30 day high of the GIB stock price was $65.90 and low was $57.35.
90 day high was $65.90 and low was $57.35.
52 week high for the CGI Group Inc - $66.53 and low - $53.76.

Trend

CGI Group Inc lies in the upper part of a wide and weak rising trend in the short term, and this will 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 $65.88 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 4.58% during the next 3 months and, with 90% probability hold a price between $61.43 and $68.89 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. CGI Group Inc holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately $64.83. On a fall, the stock will find some support from the long-term average at approximately $62.59. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Tuesday January 22, 2019, 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.

The stock had a Golden Star Signal* on Wednesday November 14, 2018 in the short-term chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Access today's Top 5 Golden Star Companies

A sell signal from a double top formation was found on Friday January 18, 2019 and based on theory for this formation the price should fall by -1.12% to $64.09 within 6 trading days since signal was issued (Tuesday January 29, 2019).

Relative Strength Index (RSI)

RSI14 is 65 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

CGI Group Inc finds support from accumulated volume at $61.70.

Support: $61.70 Price: $64.62 Resistance: $64.84

Risk

This stock may move much during a 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 $0.99 between high and low, or 1.54%. For the last week, the stock has had a daily average volatility of 1.22%.

Our recommended stoploss: $60.72 (-6.04%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 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.

Weaker Buy Today GIB ranks #618 as BUY CANDIDATE. Stronger Buy
Today GIB ranks #618 as BUY CANDIDATE.