Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GIB
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

CGI Group Inc stock downgraded to Sell Candidate
(Updated on Mar 27, 2024)

Sell candidate since Mar 27, 2024 PDF

The CGI Group Inc stock price gained 0.494% on the last trading day (Wednesday, 27th Mar 2024), rising from $109.40 to $109.94. During the last trading day the stock fluctuated 0.85% from a day low at $109.13 to a day high of $110.06. The price has fallen in 7 of the last 10 days and is down by -7.18% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 67 thousand more shares were traded than the day before. In total, 191 thousand shares were bought and sold for approximately $21.04 million.

The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $109.60 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.17% during the next 3 months and, with a 90% probability hold a price between $121.84 and $133.89 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

GIB Signals & Forecast

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. The CGI 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 $112.85 and $114.73. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -7.18%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for CGI Group Inc stock

CGI Group Inc finds support from accumulated volume at $109.58 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.93 (0.85%) between high and low. For the last week, the stock has had daily average volatility of 2.49%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (GIB) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect CGI Group Inc to open at $109.71, and during the day (based on 14 day Average True Range), to move between $107.80 and $112.08, which gives a possible trading interval of +/-$2.14 (+/-1.95%) up or down from last closing price. If CGI Group Inc takes out the full calculated possible swing range there will be an estimated 3.89% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $109.58 (0.33%) than the resistance at $111.33 (1.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is CGI Group Inc stock A Buy?

The CGI Group Inc stock holds several negative signals and despite the positive trend, we believe CGI Group Inc will perform weakly in the next couple of days or weeks. Therefore, we 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: -3.520 Sell Candidate Downgraded

Predicted Opening Price for CGI Group Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$109.71 ( 0.211%) $109.94

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for GIB

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 110.63 0.631 %
R2 110.28 0.309 %
R1 110.06 0.111 %
Current price: 109.94
Support S1 109.35 -0.532 %
S2 109.14 -0.731 %
S3 108.78 -1.05 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 111.82 1.71 %
R2 111.80 1.69 %
R1 111.33 1.26 %
Current price 109.94
Support S1 109.58 -0.327%
S2 106.03 -3.56%
S3 103.91 -5.48%

FAQ

What is the symbol for CGI Group Inc Stock and on which exchange is it traded?
The symbol for CGI Group Inc is GIB and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell CGI Group Inc Stock?
The CGI Group Inc stock holds several negative signals and despite the positive trend, we believe CGI Group Inc will perform weakly in the next couple of days or weeks. Therefore, we 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.

How to buy CGI Group Inc Stock?
CGI Group Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy CGI Group Inc Stock.

What's the current price of CGI Group Inc Stock?
As of the end of day on the 2024-03-27, the price of an CGI Group Inc (GIB) share was $109.94.

What is the 52-week high and low for CGI Group Inc Stock?
The 52-week high for CGI Group Inc Stock is $118.89 and the 52-week low is $93.07.

What is the market capitalization of CGI Group Inc Stock?
As of the 2024-03-27, the market capitalization of CGI Group Inc is 25.305B.

When is the next earnings date for CGI Group Inc?
The upcoming earnings date for CGI Group Inc is Apr 24, 2024.
Click to get the best stock tips daily for free!

About CGI Group Inc

CGI Group CGI Inc., together with its subsidiaries, provides information technology (IT) and business process services in Canada; Western, Southern, Central, and Eastern Europe; Australia; Scandinavia; Finland, Poland, and Baltics; the United States; the United Kingdom; and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities. The company also off... GIB Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT