Church & Dwight Company Inc Stock Forecast

Evaluation of Church & Dwight Company Inc stock downgraded after the last trading session.
(Updated on Apr 19, 2024)

CHD Signals & Forecast

The Church & Dwight Company Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $102.65 and $103.22. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -1.01%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Church & Dwight Company Inc stock

Church & Dwight Company Inc finds support from accumulated volume at $104.12 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.50 between high and low, or 2.44%. For the last week the stock has had daily average volatility of 1.55%.

Our recommended stop-loss: $99.99 (-4.18%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 26 days ago.)

Trading Expectations (CHD) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Church & Dwight Company Inc to open at $103.69, and during the day (based on 14 day Average True Range), to move between $102.81 and $105.89, which gives a possible trading interval of +/-$1.54 (+/-1.48%) up or down from last closing price. If Church & Dwight Company Inc takes out the full calculated possible swing range there will be an estimated 2.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $104.12 (0.22%) than the resistance at $104.64 (0.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Church & Dwight Company Inc stock A Buy?

Church & Dwight Company Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.

Current score: 0.141 Hold/Accumulate Downgraded

Predicted Opening Price for Church & Dwight Company Inc of Monday, April 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.