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$35.76 (-0.28%)

Volume: 243k

Closed: Dec 03, 2021

Hollow Logo Score: -1.713

Cal-Maine Foods Stock Forecast

$35.76 (-0.28%)

Volume: 243k

Closed: Dec 03, 2021

Score Hollow Logo -1.713
Which way will CALM go? Request
Earnings Date: Jan 03, 2022
Key Stats
P/E Ratio 458.93
Beta 0.13
Trailing Dividend Rate 0.1% ($0.0340)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 45 and the stock is currently not being overbought or oversold

Cal-Maine Foods stock price down 0.28% on Friday
(Updated on Dec 03, 2021)


Sell candidate since 2021-12-02 Loss -0.28%

The Cal-Maine Foods stock price fell by -0.28% on the last day (Friday, 3rd Dec 2021) from $35.86 to $35.76. and has now fallen 3 days in a row. During the day the stock fluctuated 0.98% from a day low at $35.60 to a day high of $35.95. The price has fallen in 6 of the last 10 days and is down by -2.05% for this period. Volume has increased on the last day by 28 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 243 thousand shares were bought and sold for approximately $8.68 million.

The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.66% during the next 3 months and, with a 90% probability hold a price between $36.04 and $38.95 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Cal-Maine Foods 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 $36.41 and $36.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 23, 2021, and so far it has fallen -5.47%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

Cal-Maine Foods finds support from accumulated volume at $35.57 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 $0.35 between high and low, or 0.98%. For the last week the stock has had a daily average volatility of 2.28%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Cal-Maine Foods stock A Buy?

The Cal-Maine Foods stock holds several negative signals and despite the positive trend, we believe Cal-Maine Foods will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.713

Predicted Opening Price for Cal-Maine Foods of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$35.77 $35.76 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

The last rating was given by Bank of America on May 26, 2021. The price target was changed from $47.00 to $38.00.

Volatility and Risk
Daily Average Volatility: 2.28 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.28 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $36.06
Price: $35.76
Support: $35.57

CALM Insider Trading Show all Trades

INSIDER POWER

1.150

Last 100 transactions
Buy: 21 841 273 | Sell: 18 996 775 (Shares)
Date Action Amount Person Type
Mar 11, 2021 Buy 2 300 Young Camille S Common Stock
Jan 15, 2021 Sell 451 Castleberry Michael D Common Stock
Jan 15, 2021 Sell 751 Holladay Robert L Jr Common Stock
Jan 15, 2021 Sell 386 Hardin Charles Jeff Common Stock
Jan 15, 2021 Sell 751 Miller Sherman Common Stock
Show all Insider Trades
INSIDER POWER

1.150

Last 100 transactions
Buy: 21 841 273 | Sell: 18 996 775 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 36.12 1.01 %
35.99 0.63 %
35.90 0.40 %
Current price: 35.76
Support 35.64 -0.35 %
35.55 -0.58 %
35.42 -0.95 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 37.85 5.84 %
36.45 1.93 %
36.06 0.84 %
Current price 35.76
Support 35.57 -0.53%
35.48 -0.78%
35.42 -0.95%

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About Cal-Maine Foods

Cal-Maine Foods, Inc. produces, grades, packages, markets, and distributes shell eggs. It offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown eggs under the Egg-Land’s Best, Land O’ Lakes, Farmhouse, and 4-Grain brand names, as well as under private labels. The company sells its products to various customers, including national and regional grocery store chains, club stores, foodservice distributors, and e... Read more

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