CHS Inc Stock Forecast
Evaluation of CHS Inc stock downgraded after the last trading session.
(Updated on Apr 19, 2024)
The CHS Inc stock price gained 0.299% on the last trading day (Friday, 19th Apr 2024), rising from $30.07 to $30.16. During the last trading day the stock fluctuated 0.367% from a day low at $30.07 to a day high of $30.18. The price has been going up and down for this period, and there has been a -3.05% loss for the last 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 3 thousand shares were bought and sold for approximately $78.54 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $29.89 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect CHS Inc stock with a 90% probability to be traded between $29.79 and $32.09 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CHSCP Signals & Forecast
There are mixed signals in the stock today. The CHS Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $31.33. On a fall, the stock will find some support from the short-term average at $30.15. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 0.87%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for CHS Inc stock
CHS Inc finds support from accumulated volume at $30.07 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.110 between high and low, or 0.367%. For the last week the stock has had daily average volatility of 1.21%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CHSCP) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect CHS Inc to open at $30.14, and during the day (based on 14 day Average True Range), to move between $29.74 and $30.58, which gives a possible trading interval of +/-$0.419 (+/-1.39%) up or down from last closing price. If CHS Inc takes out the full calculated possible swing range there will be an estimated 2.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $30.07 (0.30%) than the resistance at $31.00 (2.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CHS Inc stock A Buy?
CHS Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -2.190 Sell Candidate Downgraded
Predicted Opening Price for CHS Inc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $30.14 ( 0.0758%) | $30.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CHSCP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.25 | 0.290 % | |
| R2 | 30.21 | 0.150 % | ||
| R1 | 30.18 | 0.0640 % | ||
| Current price: | 30.16 | |||
| Support | S1 | 30.09 | -0.216 % | |
| S2 | 30.07 | -0.302 % | ||
| S3 | 30.03 | -0.442 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.94 | 5.90 % | |
| R2 | 31.09 | 3.08 % | ||
| R1 | 31.00 | 2.79 % | ||
| Current price | 30.16 | |||
| Support | S1 | 30.07 | -0.298% | |
| S2 | 30.00 | -0.531% | ||
| S3 | 29.90 | -0.86% |
CHSCP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 13, 2024 | Jun 13, 2024 | Jun 28, 2024 | $0.500 | 1.64% |
| 2 | Jan 10, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.500 | 1.61% |
| 3 | Nov 07, 2023 | Dec 13, 2023 | Dec 29, 2023 | $0.500 | 1.62% |
| 4 | Sep 06, 2023 | Sep 15, 2023 | Oct 02, 2023 | $0.500 | 1.65% |
| 5 | Jun 05, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.500 | 1.67% |
FAQ
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