Colliers International Group's 15min chart sees KDJ Golden Cross, bullish Marubozu signal.

Colliers International Group's 15-minute chart recently exhibited a Golden Cross and Bullish Marubozu pattern on September 3rd, 2023 at 10:30. This suggests a shift in momentum towards a more positive direction, with a potential for further upward movement in the stock price. Given the current control by buyers in the market, there is likely to be continued bullish momentum.

Colliers International Group (CIGI) recently exhibited a significant technical pattern on its 15-minute chart, which could signal a shift in momentum towards a more positive direction. On September 3rd, 2023, at 10:30, the stock demonstrated a Golden Cross and Bullish Marubozu pattern. This combination of patterns often indicates a strong bullish trend and potential for further upward movement in the stock price [1].

The Golden Cross occurs when a shorter-term moving average crosses above a longer-term moving average, indicating a bullish trend. The Bullish Marubozu pattern, characterized by a long white body with no shadows, suggests that buyers have complete control over the market during the trading session. This combination can be a strong indicator of continued bullish momentum [1].

As of September 22, 2023, CIGI's stock price stood at $102.43, down by 0.45% (-0.44%) from the previous close. The stock has seen a range of $101.11 to $103.30 over the day, with a 50-day range of $99.75 to $115.80 and a 52-week range of $84.16 to $129.95. The company's market capitalization is $4.70 billion, with a price-to-earnings (P/E) ratio of 682.87 and a dividend yield of 0.29% [1].

Analysts have been bullish on CIGI, with RBC Capital rating the stock as a "buy" and projecting a price target of $133.14, representing a potential 30.0% upside from the current price [1]. The company's strong fundamentals, including a 17.89% projected earnings growth, and its robust market position, contribute to this positive outlook.

Institutional investors also show confidence in CIGI, with 74% of shares held by institutional investors. Major players such as Alberta Investment Management Corp. and Durable Capital Partners have recently increased their holdings, further bolstering the stock's bullish sentiment [1].

Given the recent technical patterns and the positive analyst ratings, CIGI appears poised for continued upward movement. However, investors should remain vigilant and monitor the stock's performance closely, as market conditions can change rapidly.

References:
[1] https://www.marketbeat.com/stocks/NASDAQ/CIGI/