CHS Inc Stock Forecast
CHS Inc stock upgraded to Buy Candidate.
(Updated on Mar 28, 2024)
The CHS Inc stock price gained 0.120% on the last trading day (Thursday, 28th Mar 2024), rising from $25.09 to $25.12. During the last trading day the stock fluctuated 1.63% from a day low at $25.08 to a day high of $25.49. The price has been going up and down for this period, and there has been a -0.87% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 20 thousand more shares were traded than the day before. In total, 75 thousand shares were bought and sold for approximately $1.88 million.
The stock lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $25.10 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.20% during the next 3 months and, with a 90% probability hold a price between $25.91 and $26.70 at the end of this 3-month period.
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CHSCM Signals & Forecast
The CHS 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 $25.41 and $25.44. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Wednesday, March 27, 2024, and so far it has risen 0.120%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Thursday, January 25, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, January 25, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for CHS Inc stock
CHS Inc finds support from accumulated volume at $24.98 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 $0.410 between high and low, or 1.63%. For the last week the stock has had daily average volatility of 1.12%.
Our recommended stop-loss: $23.54 (-6.27%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (CHSCM) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect CHS Inc to open at $25.23, and during the day (based on 14 day Average True Range), to move between $24.87 and $25.37, which gives a possible trading interval of +/-$0.253 (+/-1.01%) up or down from last closing price. If CHS Inc takes out the full calculated possible swing range there will be an estimated 2.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $24.98 (0.56%) than the resistance at $25.60 (1.91%), 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?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.728 Buy Candidate Upgraded
Predicted Opening Price for CHS Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$25.23 ( 0.438%) | $25.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CHSCM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 25.64 | 2.07 % | |
R2 | 25.48 | 1.45 % | ||
R1 | 25.39 | 1.06 % | ||
Current price: | 25.12 | |||
Support | S1 | 25.07 | -0.186 % | |
S2 | 24.98 | -0.571 % | ||
S3 | 24.82 | -1.19 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 25.65 | 2.11 % | |
R2 | 25.63 | 2.03 % | ||
R1 | 25.60 | 1.91 % | ||
Current price | 25.12 | |||
Support | S1 | 24.98 | -0.557% | |
S2 | 24.95 | -0.677% | ||
S3 | 24.90 | -0.88% |
CHSCM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 14, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.422 | 1.68% |
2 | Nov 07, 2023 | Dec 13, 2023 | Dec 29, 2023 | $0.422 | 1.71% |
3 | Sep 06, 2023 | Sep 15, 2023 | Oct 02, 2023 | $0.422 | 1.69% |
4 | Jun 05, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.422 | 1.67% |
5 | Jan 10, 2023 | Mar 16, 2023 | Mar 31, 2023 | $0.422 | 1.69% |
FAQ
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