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AI Analysis of CASY
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Caseys General Stores stock price up 0.0872% on Friday
(Updated on Apr 12, 2024)

Buy or Hold candidate since Feb 07, 2024 Gain 12.67% PDF

The Caseys General Stores stock price gained 0.0872% on the last trading day (Friday, 12th Apr 2024), rising from $309.79 to $310.06. During the last trading day the stock fluctuated 1.37% from a day low at $306.82 to a day high of $311.03. The price has fallen in 6 of the last 10 days and is down by -2.63% for this period. Volume fell on the last day by -123 thousand shares and in total, 233 thousand shares were bought and sold for approximately $72.35 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $307.42 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 15.45% during the next 3 months and, with a 90% probability hold a price between $354.91 and $379.54 at the end of this 3-month period.

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CASY Signals & Forecast

A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -2.92%. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. The Caseys General Stores 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 $312.21. On a fall, the stock will find some support from the long-term average at approximately $308.22. 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. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

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

Caseys General Stores finds support from accumulated volume at $305.43 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 $4.21 between high and low, or 1.37%. For the last week the stock has had daily average volatility of 1.82%.

Our recommended stop-loss: $297.38 (-4.09%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)

Trading Expectations (CASY) For The Upcoming Trading Day Of Monday 15th

For the upcoming trading day on Monday, 15th we expect Caseys General Stores to open at $309.30, and during the day (based on 14 day Average True Range), to move between $303.86 and $316.26, which gives a possible trading interval of +/-$6.20 (+/-2.00%) up or down from last closing price. If Caseys General Stores takes out the full calculated possible swing range there will be an estimated 4.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $312.19 (0.69%) than the support at $305.43 (1.49%), 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 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: 2.312 Buy Candidate Unchanged

Predicted Opening Price for Caseys General Stores of Monday, April 15, 2024

Fair opening price April 15, 2024 Current price
$309.30 ( 0.244%) $310.06

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

Trading levels for CASY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 313.51 1.11 %
R2 311.91 0.595 %
R1 310.91 0.275 %
Current price: 310.06
Support S1 307.70 -0.763 %
S2 306.70 -1.08 %
S3 305.09 -1.60 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 319.38 3.01 %
R2 316.46 2.06 %
R1 312.19 0.687 %
Current price 310.06
Support S1 305.43 -1.49%
S2 294.03 -5.17%
S3 291.28 -6.06%

CASY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 11, 2024 Apr 30, 2024 May 15, 2024 $0.430 0.139%
2 Dec 11, 2023 Jan 31, 2024 Feb 15, 2024 $0.430 0.150%
3 Sep 11, 2023 Oct 31, 2023 Nov 15, 2023 $0.430 0.152%
4 Jun 01, 2023 Jul 31, 2023 Aug 15, 2023 $0.430 0.173%
5 Mar 02, 2023 Apr 28, 2023 May 15, 2023 $0.380 0.163%

FAQ

What is the symbol for Caseys General Stores Stock and on which exchange is it traded?
The symbol for Caseys General Stores is CASY and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Caseys General Stores Stock?
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.

How to buy Caseys General Stores Stock?
Caseys General Stores Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Caseys General Stores Stock.

What's the current price of Caseys General Stores Stock?
As of the end of day on the 2024-04-12, the price of an Caseys General Stores (CASY) share was $310.06.

What is the 52-week high and low for Caseys General Stores Stock?
The 52-week high for Caseys General Stores Stock is $324.40 and the 52-week low is $212.50.

What is the market capitalization of Caseys General Stores Stock?
As of the 2024-04-12, the market capitalization of Caseys General Stores is 11.478B.

When is the next earnings date for Caseys General Stores?
The upcoming earnings date for Caseys General Stores is Jun 04, 2024.
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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 and Casey's General Store names. Its stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverages; tobacco and nicotine products; health and beauty aids; automotive products; and other nonfood items. The company's stores also provide motor fuel for sale on a self-service basis; and gas... CASY Profile

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