CGI INC (GIB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GIB - CA12532H1047 - Common Stock
Overall GIB gets a technical rating of 3 out of 10. In the past year, GIB was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, GIB does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 92.27. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 91.65, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
83.96
When analyzing the support we can see 3 important areas.
- A support zone ranging from 89.82 to 91.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 86.18 to 86.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @84.81 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 92.27 to 92.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @116.98 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for GIB is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GIB is up. |
| ChartMill Relative Strength | 24.36 | NEGATIVE | GIB has a low relative strength, it was outperformed by 75.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GIB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GIB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GIB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.03 | NEUTRAL | The RSI value for GIB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests GIB has a positive trend. |
| Stochastics (14,3) | 76.91 | NEUTRAL | The Stochastics value for GIB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.88 | LOW VOLATILITY | The low ATR as a percentage value for GIB suggests low volalility. |
| Average Directional Index/ADX (14) | 20.3 | NEUTRAL | The ADX value for GIB suggests a possible start of a new trend. |
92.25
-0.04 (-0.04%)
CGI INC / GIB FAQ
What is the technical rating for GIB stock?
ChartMill assigns a technical rating of 3 / 10 to GIB.
Can you provide the trend direction for CGI INC?
The current trend direction for CGI INC (GIB) is Bearish.
What is the RSI signal for GIB stock?
CGI INC (GIB) has an RSI value of 64.0323. This indicates that the stock is currently neutral.
What is the MACD signal for GIB stock?
The MACD indicator for CGI INC (GIB) has a value of 0.23112, indicating a bearish trend.
What is the buy/sell signal for CGI INC (GIB) stock?
The buy/sell signal for CGI INC (GIB) is hold as the short term and long term trends are mixed.