RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CALM
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Cal-Maine Foods stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 04, 2024 Gain 3.46% PDF

The Cal-Maine Foods stock price fell by -1.41% on the last day (Wednesday, 27th Mar 2024) from $59.46 to $58.62. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.16% from a day low at $58.16 to a day high of $60.00. The price has risen in 5 of the last 10 days but is still down by -1.31% for this period. Volume has increased on the last day by 52 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, 609 thousand shares were bought and sold for approximately $35.68 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 9.46% during the next 3 months and, with a 90% probability hold a price between $62.81 and $68.08 at the end of this 3-month period.

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CALM Signals & Forecast

The Cal-Maine Foods stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $60.44. On a fall, the stock will find some support from the long-term average at approximately $58.04. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -5.21%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Cal-Maine Foods stock

Cal-Maine Foods finds support from accumulated volume at $56.30 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 $1.84 between high and low, or 3.16%. For the last week, the stock has had daily average volatility of 2.49%.

Our recommended stop-loss: $55.97 (-4.53%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (CALM) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Cal-Maine Foods to open at $58.93, and during the day (based on 14 day Average True Range), to move between $57.21 and $60.03, which gives a possible trading interval of +/-$1.41 (+/-2.41%) up or down from last closing price. If Cal-Maine Foods takes out the full calculated possible swing range there will be an estimated 4.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $59.34 (1.23%) than the support at $56.30 (3.96%), 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 Cal-Maine Foods stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Cal-Maine Foods stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.090 Buy Candidate Upgraded

Predicted Opening Price for Cal-Maine Foods of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$58.93 ( 0.523%) $58.62

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

Trading levels for CALM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 60.77 3.66 %
R2 60.06 2.46 %
R1 59.63 1.72 %
Current price: 58.62
Support S1 58.22 -0.676 %
S2 57.79 -1.42 %
S3 57.09 -2.62 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 59.41 1.35 %
R2 59.40 1.33 %
R1 59.34 1.23 %
Current price 58.62
Support S1 56.30 -3.96%
S2 55.31 -5.65%
S3 54.86 -6.41%

CALM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Nov 27, 2007 Jan 30, 2024 Feb 15, 2024 $0.116 0.203%
2 Oct 31, 2023 Oct 31, 2023 Nov 16, 2023 $0.0060 0.0121%
3 Nov 27, 2007 Aug 04, 2023 Aug 22, 2023 $0.755 1.59%
4 Nov 27, 2007 Apr 25, 2023 May 11, 2023 $2.20 4.59%
5 Nov 27, 2007 Jan 24, 2023 Feb 09, 2023 $1.35 2.54%

FAQ

What is the symbol for Cal-Maine Foods Stock and on which exchange is it traded?
The symbol for Cal-Maine Foods is CALM and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Cal-Maine Foods Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Cal-Maine Foods stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Cal-Maine Foods Stock?
Cal-Maine Foods Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Cal-Maine Foods Stock.

What's the current price of Cal-Maine Foods Stock?
As of the end of day on the 2024-03-27, the price of an Cal-Maine Foods (CALM) share was $58.62.

What is the 52-week high and low for Cal-Maine Foods Stock?
The 52-week high for Cal-Maine Foods Stock is $62.58 and the 52-week low is $42.25.

What is the market capitalization of Cal-Maine Foods Stock?
As of the 2024-03-27, the market capitalization of Cal-Maine Foods is 2.871B.

When is the next earnings date for Cal-Maine Foods?
The upcoming earnings date for Cal-Maine Foods is Apr 02, 2024.
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About Cal-Maine Foods

Cal-Maine Foods Cal-Maine Foods, Inc., together with its subsidiaries, produces, grades, packages, markets, and distributes shell eggs. The company 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. It sells its products to various customers, including national and regional grocery store chains, club stores, ... CALM Profile

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