NASDAQ Stock Exchange
Tickers analyzed: 2 923 | Updated: 2019-07-19 | Next Update: 2019-07-22
Today's Case: Caseys General Stores (CASY)
Bullish vs. Bearish (1 opinions)
Social Sentiment 0.83
CASY Forecast and Technical Stock Analysis
Buy candidate since 2019-06-27 Gain 5.92%
Caseys General Stores gained 0.62% in the last trading day ( Friday, 19th Jul 2019 ), rising from $163.79 to $164.80 , and has now gained 8 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the day the stock fluctuated 1.11% from a day low at $163.57 to a day high of $165.38. The price has risen in 8 of the last 10 days and is up by 3.65% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 29 564 more shares were traded than the day before. In total, 330 074 shares bought and sold for approximately $54.40 million.
- 30 day high of the CASY stock price was $165.38 and low was $150.70.
- 90 day high was $165.38 and low was $128.17.
- 52 week high for Caseys General Stores - $165.38 and low - $106.75.
Caseys General Stores lies in the upper part of a wide and strong rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $166.44 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 29.33% during the next 3 months and, with 90% probability hold a price between $192.61 and $215.26 at the end of this period.
Only positive signals in the chart today. Caseys General Stores holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $160.90 and $151.19. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday June 26, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 75 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $155.99 and $149.89.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Caseys General Stores finds support just below today's level at $155.99. If this is broken, then the next support from accumulated volume will be at $149.89 and $146.39.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.82 (1.11%) between high and low. For the last week, the stock has had daily average volatility of 1.45%.
Since the Caseys General Stores has been rising for 8 days in a row, the risk for the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $156.48 (-5.05%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 16 days ago.)
1.45 %Average volatility
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Caseys General Stores holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.