CGCP Crosses Critical Technical Indicator
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 23 2024
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Source: NASDAQ.COM
RSI Analysis of CGCP: CGCP's RSI reading is at 27.3, indicating potential exhaustion of recent heavy selling, while the S&P 500's RSI is significantly higher at 64.7.
Stock Performance Overview: CGCP's shares are trading at $22.58, close to its 52-week low of $21.07 and high of $23.3367, with a slight decline of 0.3% on the day.
Analyst Views on CGCP
Wall Street analysts forecast CGCP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CGCP is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 22.700
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Current: 22.700
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
