Community Health Systems Inc Stock Forecast
Community Health Systems Inc stock price down 0% on Monday
(Updated on Apr 15, 2024)
No changes to the price of Community Health Systems Inc stock on the last trading day (Monday, 15th Apr 2024). During the last trading day the stock fluctuated 3.72% from a day low at $2.96 to a day high of $3.07. The price has fallen in 6 of the last 10 days and is down by -10.71% for this period.
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. Given the current short-term trend, the stock is expected to fall -18.68% during the next 3 months and, with a 90% probability hold a price between $1.75 and $2.95 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
CYH Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Community Health Systems Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $3.06 and $3.03. 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).
Support, Risk & Stop-loss for Community Health Systems Inc stock
Community Health Systems Inc finds support from accumulated volume at $2.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.110 between high and low, or 3.72%. For the last week, the stock has had daily average volatility of 3.56%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CYH) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Community Health Systems Inc to open at $3.01, and during the day (based on 14 day Average True Range), to move between $2.83 and $3.17, which gives a possible trading interval of +/-$0.168 (+/-5.59%) up or down from last closing price. If Community Health Systems Inc takes out the full calculated possible swing range there will be an estimated 11.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.08 (2.67%) than the support at $2.90 (3.33%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Community Health Systems Inc stock A Buy?
Community Health Systems Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.668 Sell Candidate Unchanged
Predicted Opening Price for Community Health Systems Inc of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $3.01 ( 0.222%) | $3.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CYH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.12 | 3.89 % | |
| R2 | 3.07 | 2.49 % | ||
| R1 | 3.05 | 1.62 % | ||
| Current price: | 3.00 | |||
| Support | S1 | 2.96 | -1.18 % | |
| S2 | 2.94 | -2.04 % | ||
| S3 | 2.90 | -3.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.67 | 22.33 % | |
| R2 | 3.40 | 13.33 % | ||
| R1 | 3.08 | 2.67 % | ||
| Current price | 3.00 | |||
| Support | S1 | 2.90 | -3.33% | |
| S2 | 2.78 | -7.33% | ||
| S3 | 2.64 | -12.00% |
CYH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 07, 2012 | Dec 13, 2012 | Dec 28, 2012 | $0.207 | 0.690% |
FAQ
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