Weaker Buy Today GIB ranks #1511 as BUY CANDIDATE. Stronger Buy
Today GIB ranks #1511 as BUY CANDIDATE.

GIB stock CGI Group Inc

GIB stock
CGI Group Inc

March 15, 2019
Change 0.31%
Chart period: 2018-12-17 - 2019-03-15
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

Will GIB stock price go up or down on Tue, 19 Mar 2019?

CGI Group Inc Forecast and Stock Analysis

Technical GIB stock analysis for March 15, 2019.

Buy candidate since 2019-03-11 Gain 1.03%
Shorts 6.96% ( 2019-02-28 )
Cash n/a
Loans n/a
Beta 0.56
ROA 9.06

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.

Trend

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.

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Signals

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.

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A sell signal from a double top formation was found on Tuesday March 12, 2019 and based on theory for this formation the price should fall by -1.80% to $65.68 within 9 trading days since signal was issued (Monday March 25, 2019).

Relative Strength Index (RSI)

RSI14 is 52 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 $67.44.

Support: $67.44 Price: $67.50 Resistance: $67.65

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 $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.)

Overall risk:

Very Low Low Medium High Very High

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.

Weaker Buy Today GIB ranks #1511 as BUY CANDIDATE. Stronger Buy
Today GIB ranks #1511 as BUY CANDIDATE.