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Weaker Hold
Today CHDN ranks #7167 as hold candidate. Get a Free Stock at Robinhood
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Churchill Downs Stock Forecast NASDAQ:CHDN

$230.62 (-2.38%)

Volume: 135k

Closed: Nov 26, 2021

Hollow Logo Score: -0.879

Churchill Downs Stock Forecast

$230.62 (-2.38%)

Volume: 135k

Closed: Nov 26, 2021

Score Hollow Logo -0.879
Which way will CHDN go? Request
Stop-loss: $219.26 (-4.92%)
Key Stats
P/E Ratio 39.57
Beta 1.37
Trailing Dividend Rate 0.27% ($0.62)
Next Dividend Date Dec 02, 2021
* 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 36 and the stock is currently not being overbought or oversold

Churchill Downs stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Nov 26, 2021)


Hold candidate since 2021-11-26

The Churchill Downs stock price fell by -2.38% on the last day (Friday, 26th Nov 2021) from $236.24 to $230.62. During the day the stock fluctuated 4.47% from a day low at $225.19 to a day high of $235.26. The price has risen in 6 of the last 10 days and is up by 0.49% over the past 2 weeks. Volume has increased on the last day by 9 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 135 thousand shares were bought and sold for approximately $31.22 million.

The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $230.31 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 8.52% during the next 3 months and, with a 90% probability hold a price between $249.93 and $289.02 at the end of this 3-month period.

Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Churchill Downs 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 $235.74 and $242.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, October 18, 2021, and so far it has fallen -10.28%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

Churchill Downs finds support from accumulated volume at $226.91 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 $10.07 between high and low, or 4.47%. For the last week the stock has had a daily average volatility of 3.62%.

Our recommended stop-loss: $219.26 (-4.92%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 28 days ago.)

Is Churchill Downs stock A Buy?

Churchill Downs holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.879

Predicted Opening Price for Churchill Downs of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$230.36 $230.62 (Overvalued)
Hold/Accumulate Upgraded

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Analyst Ratings

On Nov 11, 2021 "Susquehanna Bancshares" gave "$275.00 - $268.00" rating for CHDN. The price target was changed from $229.43 to 1.5%.

Volatility and Risk
Daily Average Volatility: 3.62 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.62 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $238.30
Price: $230.62
Support: $226.91

CHDN Insider Trading Show all Trades

INSIDER POWER

2.986

Last 100 transactions
Buy: 594 394 | Sell: 199 059 (Shares)
Date Action Amount Person Type
Nov 11, 2021 Buy 255 174 Carstanjen William C Restricted Stock Units
Nov 11, 2021 Buy 159 486 Mudd William E Restricted Stock Units
Sep 30, 2021 Buy 153 Harrington Daniel P Common Stock
Sep 30, 2021 Buy 127 Grissom Douglas C Common Stock
Sep 30, 2021 Buy 69 Bridgeman Ulysses L Jr Common Stock
Show all Insider Trades
INSIDER POWER

2.986

Last 100 transactions
Buy: 594 394 | Sell: 199 059 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 240.43 4.25 %
236.58 2.58 %
234.20 1.55 %
Current price: 230.62
Support 226.51 -1.78 %
224.13 -2.81 %
220.29 -4.48 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 247.62 7.37 %
245.37 6.40 %
238.30 3.33 %
Current price 230.62
Support 226.91 -1.61%
222.20 -3.65%
215.22 -6.68%

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About Churchill Downs

Churchill Downs Churchill Downs Incorporated provides pari-mutuel horseracing, online account wagering on horseracing, and casino gaming services. It operates through Racing, Casinos, TwinSpires, Big Fish Games, and Other Investments segments. The company operates racing facilities, such as Churchill Downs Racetrack in Louisville, Kentucky; Arlington International Race Course in Arlington Heights with 10 off-track betting (OTB) facilities in Illinois; Fair Groun... Read more

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