Caseys General Stores stock upgraded to Buy Candidate.
(Updated on Nov 29, 2021)
Buy candidate since 2021-11-29 PDF
The Caseys General Stores stock price gained 1.29% on the last trading day (Monday, 29th Nov 2021), rising from $194.83 to $197.34. During the day the stock fluctuated 1.62% from a day low at $195.21 to a day high of $198.36. The price has fallen in 6 of the last 10 days and is down by -1.08% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 68 thousand more shares were traded than the day before. In total, 165 thousand shares were bought and sold for approximately $32.64 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Caseys General Stores stock with a 90% probability to be traded between $187.01 and $203.34 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 stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Signals & Forecast
The Caseys General Stores stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $196.49 and $194.05. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Tuesday, November 09, 2021, and so far it has fallen -2.27%. 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).
Support, Risk & Stop-loss
Caseys General Stores finds support from accumulated volume at $193.03 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 $3.16 between high and low, or 1.62%. For the last week the stock has had a daily average volatility of 2.21%.
Our recommended stop-loss: $188.54 (-4.46%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Is Caseys General Stores stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Caseys General Stores stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.104
Predicted Opening Price for Caseys General Stores of Tuesday, November 30, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price November 30, 2021||Current price|
Remember To Visit Our YouTube Channel
On Sep 15, 2021 "Berenberg Bank" gave "" rating for CASY. The price target was changed from $191.28 to 1.7%.
CASY Insider Trading
|Oct 05, 2021||Sell||1 666||Renda Larree M||Common Stock|
|Sep 01, 2021||Buy||655||Renda Larree M||Common Stock|
|Sep 01, 2021||Sell||655||Renda Larree M||Restricted stock units|
|Sep 01, 2021||Buy||575||Renda Larree M||Restricted stock units|
|Sep 01, 2021||Sell||655||Lenhardt David K||Restricted stock units|
Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
Click to get the best stock tips daily for free!
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Join 100 000+ Happy SubscribersDon't miss out on the runners!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.