Church & Dwight Company Inc Stock Forecast
Church & Dwight Company Inc stock upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on Apr 22, 2024)
The Church & Dwight Company Inc stock price gained 1.53% on the last trading day (Monday, 22nd Apr 2024), rising from $104.35 to $105.95. During the last trading day the stock fluctuated 2.03% from a day low at $104.50 to a day high of $106.62. The price has risen in 7 of the last 10 days and is up by 4.39% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 87 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $126.17 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 5.69% during the next 3 months and, with a 90% probability hold a price between $107.08 and $114.09 at the end of this 3-month period.
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CHD Signals & Forecast
Mostly positive signals in the chart today. The Church & Dwight Company Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $103.27 and $103.38. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 4.82%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
A buy signal from a double bottom formation was found on Wednesday, February 14, 2024 with a target of $104.75. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Church & Dwight Company Inc stock
Church & Dwight Company Inc finds support from accumulated volume at $104.12 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 $2.13 between high and low, or 2.03%. For the last week the stock has had daily average volatility of 1.74%.
Our recommended stop-loss: $101.15 (-4.53%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (CHD) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Church & Dwight Company Inc to open at $105.69, and during the day (based on 14 day Average True Range), to move between $104.36 and $107.54, which gives a possible trading interval of +/-$1.59 (+/-1.50%) up or down from last closing price. If Church & Dwight Company Inc takes out the full calculated possible swing range there will be an estimated 3.01% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $104.12, some $1.83 (1.73%) from the current price of $105.95, our system finds the risk reward attractive.
Is Church & Dwight Company Inc 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 Church & Dwight Company Inc 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: 4.312 Buy Candidate Upgraded
Predicted Opening Price for Church & Dwight Company Inc of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $105.69 ( 0.247%) | $105.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CHD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 107.81 | 1.76 % | |
| R2 | 107.00 | 0.99 % | ||
| R1 | 106.50 | 0.519 % | ||
| Current price: | 105.95 | |||
| Support | S1 | 104.88 | -1.01 % | |
| S2 | 104.38 | -1.49 % | ||
| S3 | 103.56 | -2.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 105.95 | |||
| Support | S1 | 104.12 | -1.73% | |
| S2 | 101.58 | -4.12% | ||
| S3 | 100.18 | -5.45% |
CHD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 02, 2024 | Feb 14, 2024 | Mar 01, 2024 | $0.284 | 0.283% |
| 2 | Nov 01, 2023 | Nov 14, 2023 | Dec 01, 2023 | $0.273 | 0.286% |
| 3 | Jul 26, 2023 | Aug 14, 2023 | Sep 01, 2023 | $0.273 | 0.283% |
| 4 | Apr 26, 2023 | May 12, 2023 | Jun 01, 2023 | $0.273 | 0.294% |
| 5 | Feb 03, 2023 | Feb 14, 2023 | Mar 01, 2023 | $0.273 | 0.328% |
FAQ
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