Caseys General Stores Stock Forecast

Buy candidate since Jan 14, 2025 Loss -0.94%

The Caseys General Stores stock price fell by -0.94% on the last day (Wednesday, 15th Jan 2025) from $395.00 to $391.30. During the last trading day the stock fluctuated 3.24% from a day low at $390.37 to a day high of $403.00. The price has fallen in 6 of the last 10 days and is down by -1.86% 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 -30 thousand shares and in total, 239 thousand shares were bought and sold for approximately $93.51 million.

The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $386.35 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Caseys General Stores stock with a 90% probability to be traded between $391.76 and $437.23 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 stock seldom manage to go directly from the bottom of a trend up to the top. Stock turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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CASY Signals & Forecast

The Caseys General Stores 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 $391.69 and $409.71. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Friday, January 10, 2025, and so far it has risen 1.36%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for Caseys General Stores stock

Caseys General Stores finds support from accumulated volume at $389.72 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 $12.63 between high and low, or 3.24%. For the last week, the stock has had daily average volatility of 2.41%.

Our recommended stop-loss: $368.92 (-5.72%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (CASY) For The Upcoming Trading Day Of Thursday 16th

For the upcoming trading day on Thursday, 16th we expect Caseys General Stores to open at $394.89, and during the day (based on 14 day Average True Range), to move between $382.59 and $400.01, which gives a possible trading interval of +/-$8.71 (+/-2.23%) up or down from last closing price. If Caseys General Stores takes out the full calculated possible swing range there will be an estimated 4.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $389.72 (0.40%) than the resistance at $403.16 (3.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Dividend Warning For CASY

Dividend coming up for CASY: Ex-dividend date (Monday 3rd February, 2025) is 18 days away. The dividend is $0.500.

Is Caseys General Stores stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 1.688 Buy Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on January 16, 2025 - $394.89 ( 0.92%).