CHS Inc Stock Forecast
Stronger technical forecast for CHS Inc stock price after Wednesday trading.
(Updated on Apr 17, 2024)
The CHS Inc stock price gained 1.33% on the last trading day (Wednesday, 17th Apr 2024), rising from $30.00 to $30.40. During the last trading day the stock fluctuated 1.50% from a day low at $30.05 to a day high of $30.50. The price has been going up and down for this period, and there has been a -2.88% 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, 6 thousand more shares were traded than the day before. In total, 10 thousand shares were bought and sold for approximately $290.17 thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect CHS Inc stock with a 90% probability to be traded between $30.14 and $32.59 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CHSCP Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 1.67%. Further rise is indicated until a new top pivot has been found. CHS Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The CHS Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $31.42. On a fall, the stock will find some support from the short-term average at $30.27. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for CHS Inc stock
CHS Inc finds support from accumulated volume at $30.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.450 (1.50%) between high and low. For the last week, the stock has had daily average volatility of 1.37%.
Our recommended stop-loss: $28.67 (-5.68%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (CHSCP) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect CHS Inc to open at $30.32, and during the day (based on 14 day Average True Range), to move between $29.96 and $30.84, which gives a possible trading interval of +/-$0.443 (+/-1.46%) up or down from last closing price. If CHS Inc takes out the full calculated possible swing range there will be an estimated 2.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $30.20 (0.66%) than the resistance at $31.00 (1.97%), 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 short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for CHS Inc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.106 Buy Candidate Upgraded
Predicted Opening Price for CHS Inc of Thursday, April 18, 2024
Fair opening price April 18, 2024 | Current price |
---|---|
$30.32 ( 0.274%) | $30.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CHSCP
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 30.77 | 1.21 % | |
R2 | 30.59 | 0.641 % | ||
R1 | 30.49 | 0.291 % | ||
Current price: | 30.40 | |||
Support | S1 | 30.14 | -0.84 % | |
S2 | 30.04 | -1.19 % | ||
S3 | 29.87 | -1.75 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 31.94 | 5.07 % | |
R2 | 31.09 | 2.27 % | ||
R1 | 31.00 | 1.97 % | ||
Current price | 30.40 | |||
Support | S1 | 30.20 | -0.658% | |
S2 | 30.00 | -1.32% | ||
S3 | 29.90 | -1.64% |
CHSCP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 13, 2024 | Jun 13, 2024 | Jun 28, 2024 | $0.500 | 1.67% |
2 | Jan 10, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.500 | 1.61% |
3 | Nov 07, 2023 | Dec 13, 2023 | Dec 29, 2023 | $0.500 | 1.62% |
4 | Sep 06, 2023 | Sep 15, 2023 | Oct 02, 2023 | $0.500 | 1.65% |
5 | Jun 05, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.500 | 1.67% |
FAQ
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