The Children's Place, Inc. Stock Forecast
The Children's Place, Inc. stock price up 3.50% on Friday
(Updated on Apr 26, 2024)
The The Children's Place, Inc. stock price gained 3.50% on the last trading day (Friday, 26th Apr 2024), rising from $6.85 to $7.09. During the last trading day the stock fluctuated 7.83% from a day low at $6.77 to a day high of $7.30. The price has fallen in 6 of the last 10 days and is down by -8.63% for this period. Volume fell on the last day by -273 thousand shares and in total, 311 thousand shares were bought and sold for approximately $2.21 million. 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 lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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PLCE Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 3.50%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The The Children's Place, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $7.49 and $10.47. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for The Children's Place, Inc. stock
The Children's Place, Inc. finds support from accumulated volume at $6.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.530 between high and low, or 7.83%. For the last week, the stock has had daily average volatility of 7.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PLCE) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect The Children's Place, Inc. to open at $7.05, and during the day (based on 14 day Average True Range), to move between $5.96 and $8.22, which gives a possible trading interval of +/-$1.13 (+/-15.94%) up or down from last closing price. If The Children's Place, Inc. takes out the full calculated possible swing range there will be an estimated 31.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.85 (3.39%) than the resistance at $8.28 (16.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
The Children's Place, Inc. will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is -$2.61. We will update the financials statements for The Children's Place, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 13.40% in the first trading day after earnings release.
Is The Children's Place, Inc. stock A Buy?
The Children's Place, Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -5.967 Strong Sell Candidate Unchanged
Predicted Opening Price for The Children's Place, Inc. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $7.05 ( 0.517%) | $7.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PLCE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.58 | 6.96 % | |
| R2 | 7.38 | 4.10 % | ||
| R1 | 7.26 | 2.34 % | ||
| Current price: | 7.09 | |||
| Support | S1 | 6.85 | -3.37 % | |
| S2 | 6.73 | -5.14 % | ||
| S3 | 6.52 | -7.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.46 | 19.32 % | |
| R2 | 8.38 | 18.19 % | ||
| R1 | 8.28 | 16.78 % | ||
| Current price | 7.09 | |||
| Support | S1 | 6.85 | -3.39% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
PLCE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 11, 2019 | Dec 13, 2019 | Dec 27, 2019 | $0.560 | 0.90% |
| 2 | Aug 21, 2019 | Sep 20, 2019 | Oct 04, 2019 | $0.560 | 0.764% |
| 3 | May 15, 2019 | Jun 17, 2019 | Jun 28, 2019 | $0.560 | 0.587% |
| 4 | Mar 21, 2019 | Apr 12, 2019 | Apr 26, 2019 | $0.560 | 0.507% |
| 5 | Dec 06, 2018 | Dec 14, 2018 | Dec 28, 2018 | $0.500 | 0.544% |
FAQ
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