GIB Technical Analysis - CGI INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to GIB. GIB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

89% of all other stocks performed better in the past year than GIB.

GIB is part of the IT Services industry. There are 87 other stocks in this industry, of which 62% are performing better than GIB.

GIB is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month GIB has a been trading in the 87.26 - 97.50 range, which is quite wide. It is currently trading near the lows of this range.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of GIB is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

88.37

118.15

When analyzing the resistance we notice 5 important areas.

A resistance zone ranging from 92.35 to 92.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 97.18 to 97.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @102.69 from a horizontal line in the daily time frame.
A resistance zone ranging from 107.00 to 107.05. This zone is formed by a combination of multiple trend lines in the daily time frame.
Resistance @116.98 from a horizontal line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The short term trend for GIB is down.
ChartMill Relative Strength	11.93	NEGATIVE	GIB has a low relative strength, it was outperformed by 88.07% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of GIB is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of GIB is below a declining 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)	35.47	NEUTRAL	The RSI value for GIB is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.38	NEGATIVE	The MACD value suggests GIB has a negative trend, although the MACD value is rising.
Stochastics (14,3)	17.98	OVERSOLD	The low Stochastics value suggests GIB may be oversold.
Average True Range in percent/ATR (20)	1.86	LOW VOLATILITY	The low ATR as a percentage value for GIB suggests low volalility.
Average Directional Index/ADX (14)	28.18	POSITIVE	The high ADX value value for GIB suggests a strong trend.