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CGI's 15min chart shows Bollinger Bands expanding downward, bearish marubozu.
ByAinvest
Monday, Jul 7, 2025 1:08 pm ET1min read
The 15-minute chart for CGI has recently exhibited expanding downward Bollinger Bands, accompanied by a bearish Marubozu at 07/07/2025 13:00. This development suggests that the current market trend is predominantly driven by sellers, with bearish momentum likely to persist.
CGI Inc. (TSX:GIB.A), a global information technology (IT) services provider, has recently experienced significant insider selling activity, which may indicate a bearish sentiment among key stakeholders. Over the past year, insiders have sold a substantial number of shares, with the largest single sale being CA$1.4 million by Timothy Hurlebaus at CA$149 per share [1]. This sale occurred at a price close to the current market price, suggesting that insiders are not selling at a significant discount.Despite the recent insider selling, there has been a notable increase in insider buying over the last three months. Insiders have purchased 17.21k shares worth CA$2.5 million, while selling 32.48k shares worth CA$5.0 million over the same period. This trend indicates that insiders may be optimistic about the company's future prospects [1].
Technical indicators also suggest a bearish trend for CGI. The 15-minute chart for CGI has exhibited expanding downward Bollinger Bands, accompanied by a bearish Marubozu at 07/07/2025 13:00. This development suggests that the current market trend is predominantly driven by sellers, with bearish momentum likely to persist [2].
CGI insiders own approximately CA$196 million worth of shares, which constitutes 0.6% of the company. High insider ownership is generally seen as a positive sign, as it indicates that management is aligned with other shareholders [1].
In conclusion, while recent insider buying activity may suggest optimism, the overall transaction history and technical indicators point to a potential bearish trend for CGI. Investors should closely monitor the company's performance and insider activity to make informed investment decisions.
References:
[1] https://simplywall.st/stocks/ca/software/tsx-gib.a/cgi-shares/news/possible-bearish-signals-with-cgi-insiders-disposing-stock-2
[2] Technical indicators and chart analysis not explicitly stated in the provided source materials.
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