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Caseys General Stores Stock Forecast NASDAQ:CASY

$197.34 (1.29%)

Volume: 165k

Closed: Nov 29, 2021

Hollow Logo Score: 2.104

Caseys General Stores Stock Forecast

$197.34 (1.29%)

Volume: 165k

Closed: Nov 29, 2021

Score Hollow Logo 2.104
Which way will CASY go? Request
Mon, Nov 29, 2021 Buy Candidate Upgraded
Stop-loss: $188.54 (-4.46%)
Earnings Date: Dec 07, 2021
Key Stats
P/E Ratio 23.51
Beta 0.7
Trailing Dividend Rate 0.69% ($1.37)
* 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 43 and the stock is currently not being overbought or oversold

Caseys General Stores stock upgraded to Buy Candidate.
(Updated on Nov 29, 2021)


Buy candidate since 2021-11-29

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
$196.97 $197.34 (Overvalued)
Buy Candidate Upgraded

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Analyst Ratings

On Sep 15, 2021 "Berenberg Bank" gave "" rating for CASY. The price target was changed from $191.28 to 1.7%.

Volatility and Risk
Daily Average Volatility: 2.21 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.21 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $199.77
Price: $197.34
Support: $193.03

CASY Insider Trading Show all Trades

INSIDER POWER

1.075

Last 100 transactions
Buy: 69 850 | Sell: 64 993 (Shares)
Date Action Amount Person Type
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
Show all Insider Trades
INSIDER POWER

1.075

Last 100 transactions
Buy: 69 850 | Sell: 64 993 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 200.13 1.41 %
198.92 0.80 %
198.18 0.42 %
Current price: 197.34
Support 195.76 -0.80 %
195.02 -1.18 %
193.81 -1.79 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 208.00 5.40 %
202.66 2.70 %
199.77 1.23 %
Current price 197.34
Support 193.03 -2.18%
192.18 -2.61%
190.38 -3.53%

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About Caseys General Stores

Caseys General Stores Casey’s General Stores, Inc., together with its subsidiaries, operates convenience stores under the Casey’s General Store name in 14 Midwestern states, primarily in Iowa, Missouri, and Illinois. The company’s stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; and other nonfood items. Its stores also offer fuel for... Read more

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