CBRE stock: buy or sell
Jan 18th, 2021
CBRE stock brief
- CBRE stock rose 2.02% to close at $63.52 on the stock market last Friday.
- The stock is configuring an uptrend pattern since last October, when it bottomed at $43.17. Up to date, the uptrend marked a 47.14% profit since the beginning of this rally
- CBRE Group, Inc. operates as a commercial real estate services and investment company worldwide.
Should I buy CBRE stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $CBRE stock a buy?
In the current situation of CBRE there is just one buy setup eligible:
Uptrend buy setup
CBRE stock continues to trend higher since last October and marked an amazing 47.14% gain. Price marked a pull back in this uptrend at $58.74 on January 5, and since then it bounced up a 8.14%. Now, it's only 6.58% away from breaking out above its last top and resume the uptrend. The new entry point is therefore at $67.70. If you decide to enter this trade, the suggested stop loss is at $60.93
|Buy setup||Buy point||Stop loss||Risk|
|Uptrend buy setup||$67.70||$60.93||10.00%|
Should I sell CBRE stock?
Knowing when to sell a stock is even more difficult than knowing when to buy it. Trading strategies allow us to avoid rash decisions based on our personal emotions or the buzz that surrounds the market. We like very simple strategies to guide us on when is the best moment to sell our shares. Be aware that these strategies should not be used for shorting CBRE stock
A golden rule is that you must never hold a trading operation that shows a higher than expected losses by the time of the buy. The moment to sell your stock must always be dictated by the stop-loss (automatic or manual)
Is it time to sell CBRE stock?
In the current situation of CBRE there is not any eligible sell setup, so CBRE stock holders with operations in green can keep their positions
In the last 30 days, just one analyst rating was published for CBRE
|Dec 21st, 2020|
|JPMorgan Chase & Co.||Neutral|
CBRE stock analysis
CBRE stock started an uptrend last October, and gained an amazing 47.14%. During this uptrend, the price gave some entry points on the breakouts. Latest low was on January 5, when price bounced at $58.74. Like in all uptrends, price needs to take breath and currently price is moving in a range between $67.70 and $58.74
Supports and resistances
The current resistance levels are:
The current support levels are:
Since the price broke down the lower band on January 5, the price has bounced off by 8.14%. The price is trading very close to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell point, as price can move in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 in mid-December after just crossing to the overbough zone for a single day (weak signal). The RSI reading last Friday was 56.69. Since that level was lost, CBRE price dropped a 3.95%
CBRE stock price history
CBRE started trading priced at an adjusted price1 of $6.33 on Jun 2004. Since then, CBRE stock has risen by 903.48%, with an average of 56.47% per year. If you had invested thousand dollars in CBRE stock on Jun 2004, it would worth $10,034.76 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for CBRE stock
Nobody can predict how much a share will be priced in the future. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions publish their price target based on the stock price action and the company fundamental data. Most of these estimates follow the release of new fundamental data by the company, and many times. If you are a small investor you don't have to invest based on these projections.
There is just one price target issued for CBRE that predicts a price of $65.00.
|Brokerage firm||Price target|
|Dec 21st, 2020|
|JPMorgan Chase & Co.||$52.00 → $65.00|
Earnings and financials
Last October, CBRE Group, Inc. ($CBRE) posted adjusted EPS for that highly improved Wall St. expectations. Quarterly EPS was $0.73 per share vs the estimates of $0.42. This Q3 report means an earnings surprise of 73.81%. Revenue resulted of $5.6 billion in contrast to $5.3 billion predicted by analysts.This compares to Earnings of $0.79 per share same quarter last year, so posted EPS means a reduction of -7.59%. Looking at turnover, figures scarcely moved compared to $59.3B same quarter a year ago.
CBRE ($CBRE) will host the earnings call late next February. Forecasted for this quarter is $0.94, compared to $0.73 that was reported for Q3.
Important note:The thoughts expressed in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this paper does not have an understanding of the specific circumstances of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are published for informational purposes only
|Friday, January 15th, 2021|
|Day range||$61.7 - $63.58|
|Average true range||$1.89|
|50d mov avg||$61.32|
|100d mov avg||$54.62|
|200d mov avg||$49.10|
|Earnings date||February 25th, 2021|