The Children's Place, Inc. Stock Forecast
The Children's Place, Inc. stock price down 4.46% on Thursday
(Updated on Apr 25, 2024)
The The Children's Place, Inc. stock price fell by -4.46% on the last day (Thursday, 25th Apr 2024) from $7.17 to $6.85. During the last trading day the stock fluctuated 4.31% from a day low at $6.68 to a day high of $6.97. The price has fallen in 7 of the last 10 days and is down by -13.29% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -352 thousand shares and in total, 584 thousand shares were bought and sold for approximately $4.00 million.
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. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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PLCE Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The The Children's Place, 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 $7.66 and $10.73. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, February 16, 2024, and so far it has fallen -76.48%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for The Children's Place, Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.288 between high and low, or 4.31%. For the last week, the stock has had daily average volatility of 8.17%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PLCE) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect The Children's Place, Inc. to open at $6.83, and during the day (based on 14 day Average True Range), to move between $5.68 and $8.02, which gives a possible trading interval of +/-$1.17 (+/-17.09%) up or down from last closing price. If The Children's Place, Inc. takes out the full calculated possible swing range there will be an estimated 34.18% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $8.28, some $1.43 (20.88%) from the current price of $6.85, our system finds the risk reward not very attractive.
Is The Children's Place, Inc. stock A Buy?
The Children's Place, 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: -5.028 Strong Sell Candidate Unchanged
Predicted Opening Price for The Children's Place, Inc. of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$6.83 ( 0.255%) | $6.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PLCE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.12 | 3.95 % | |
R2 | 7.01 | 2.34 % | ||
R1 | 6.94 | 1.35 % | ||
Current price: | 6.85 | |||
Support | S1 | 6.72 | -1.86 % | |
S2 | 6.65 | -2.85 % | ||
S3 | 6.54 | -4.45 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.46 | 23.50 % | |
R2 | 8.38 | 22.34 % | ||
R1 | 8.28 | 20.88 % | ||
Current price | 6.85 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
PLCE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 11, 2019 | Dec 13, 2019 | Dec 27, 2019 | $0.560 | 0.90% |
2 | Aug 21, 2019 | Sep 20, 2019 | Oct 04, 2019 | $0.560 | 0.764% |
3 | May 15, 2019 | Jun 17, 2019 | Jun 28, 2019 | $0.560 | 0.587% |
4 | Mar 21, 2019 | Apr 12, 2019 | Apr 26, 2019 | $0.560 | 0.507% |
5 | Dec 06, 2018 | Dec 14, 2018 | Dec 28, 2018 | $0.500 | 0.544% |
FAQ
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