The Children's Place, Inc. Stock Forecast
The Children's Place, Inc. stock price took a fall of -5.04% on Tuesday
(Updated on Apr 23, 2024)
The The Children's Place, Inc. stock price fell by -5.04% on the last day (Tuesday, 23rd Apr 2024) from $7.54 to $7.16. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 6.19% from a day low at $7.11 to a day high of $7.55. The price has fallen in 7 of the last 10 days and is down by -15.37% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -96 thousand shares and in total, 668 thousand shares were bought and sold for approximately $4.79 million.
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
There are mixed signals in the stock today. 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 $7.70 and $11.31. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.703%. 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).
Support, Risk & Stop-loss for The Children's Place, Inc. stock
The Children's Place, Inc. finds support from accumulated volume at $7.11 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 $0.440 between high and low, or 6.19%. For the last week, the stock has had daily average volatility of 16.30%.
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 Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect The Children's Place, Inc. to open at $7.27, and during the day (based on 14 day Average True Range), to move between $5.90 and $8.42, which gives a possible trading interval of +/-$1.26 (+/-17.65%) 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 35.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.11 (0.70%) than the resistance at $8.28 (15.64%), 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, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is -$2.62. 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 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.
Current score: -4.767 Sell Candidate Unchanged
Predicted Opening Price for The Children's Place, Inc. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $7.27 ( 1.58%) | $7.16 |
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 | 7.71 | 7.73 % | |
| R2 | 7.55 | 5.38 % | ||
| R1 | 7.44 | 3.93 % | ||
| Current price: | 7.16 | |||
| Support | S1 | 7.11 | -0.765 % | |
| S2 | 7.00 | -2.21 % | ||
| S3 | 6.83 | -4.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.46 | 18.16 % | |
| R2 | 8.38 | 17.04 % | ||
| R1 | 8.28 | 15.64 % | ||
| Current price | 7.16 | |||
| Support | S1 | 7.11 | -0.698% | |
| 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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