CBRE stock: buy or sell
Apr 22nd, 2021
CBRE stock brief
- CBRE merely moved a -0.14% after marking new highs on Tuesday
- From the chart point view, price is drawing an scaled downtrend since last February with lower tops and lower bottoms. shares price lost a -0.91% since the downtrend started.
- Last Monday, it broke out above $82.05, a resistance not crossed since last February.
- On April 15 broke out above its latest top at $81.32
- CBRE Group, Inc. operates as a commercial real estate services and investment company worldwide.
Should I buy CBRE stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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 not any eligible buy setup. This doesn't mean we expect a selloff for $CBRE in coming sessions, or that it may not climb higher. Simply, it doesn't match our recommended trading systems
Should I sell CBRE stock?
How to know when is it time to sell CBRE?. In the same way as when we have to buy shares, deciding when is the best time to sell is not a whimsical decision, and we must use our own trading style. Our trading system selects very simple strategies to guide us on when is the best time to sell a stock. Be aware that these strategies are not intended for selling short $CBRE stock
As a golden rule, you should not mantain a trade that produces losses greater than those expected upon purchase. When to sell shares always has to be determined by the stop-loss (automatic or manual)
Is it time to sell CBRE stock?
Currently, CBRE stock doesn't match any of our preferred sell setups, so if you own CBRE shares and your operation is in profit probably is not time to sell now
In the previous month we couldn't find any rating for CBRE
CBRE stock analysis
CBRE continues in downtrend since last February, and has accumulated a selloff of -0.91%. Like in all downtrends, the stock oscillates drawing lower highs and lows. In this case, we have seen 2 consecutive lower tops.
$CBRE at new Highs
On Tuesday, CBRE marked new all-time highs (ATH) again at $82.83. It's the third time in the last 10 sessions, marking an important rally
Supports and resistances
The current resistance levels are:
The current supports are:
The price is moving near to the upper Bollinger band, indicating some level of overbought in recent sessions. This is not a sell signal, 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 early March after just crossing to the overbough zone for just one day (weak signal). The RSI value on Wednesday was 57.91. CBRE price skyrocketed a 4.35% since then
CBRE stock price history
CBRE went public on Jun 10th, 2004 priced at $6.33 per share1. Since then, CBRE stock has risen by 1,184.36%, with an average of 74.02% per year. If you had invested thousand dollars in CBRE stock on Jun 2004, it would worth $12,843.60 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for CBRE stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are published every day by banks, financial institutions and independent analysts.
The following table shows the price predictions posted by analysts for the last 30 days. If you are a small trader you don't have to trade based on these forecasts.
In the last 30 days we couldn't find any price target posted for CBRE stock.
Earnings and financials
CBRE ($CBRE) hosted the quarterly financial event and released the report last February. CBRE posted earnings of $1.45 per share on sales of $6.9 billion. The consensus earnings estimate was $0.94 per share on revenue of $6.3 billion.This compares to Earnings of $1.32 per share same quarter last year, so reported EPS means a gain of 9.85%. Looking at turnover, figures only changed compared to $71.2B same quarter 12 months ago.
CBRE ($CBRE) posts quarterly earnings report on Thursday next week. Wall Street forecasts of $0.67, compared to previous quarter that made $1.45.
Disclaimer:The opinions given in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this text does not have an understanding of the individual situations 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 Viewpoints are published for informational motives only
|Wednesday, April 21st, 2021|
|Day range||$80.2 - $81.71|
|Average true range||$2.22|
|50d mov avg||$76.94|
|100d mov avg||$70.24|
|200d mov avg||$59.10|
|Earnings date||April 29th, 2021|