Grupo Comercial Chedraui, S.A.B. de C.V. Stock Forecast
Green day on Monday for Grupo Comercial Chedraui, S.A.B. de C.V. stock after gaining 0.0081%
(Updated on May 20, 2024)
The Grupo Comercial Chedraui, S.A.B. de C.V. stock price gained 0.0081% on the last trading day (Monday, 20th May 2024), rising from $123.96 to $123.97. During the last trading day the stock fluctuated 1.94% from a day low at $122.07 to a day high of $124.44. The price has risen in 5 of the last 10 days but is still down by -0.41% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 103 thousand more shares were traded than the day before. In total, 366 thousand shares were bought and sold for approximately $45.33 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.43% during the next 3 months and, with a 90% probability hold a price between $103.45 and $117.41 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CHDRAUIB.MX Signals & Forecast
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. The Grupo Comercial Chedraui, S.A.B. de C.V. 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 $124.01 and $125.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -5.32%. 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 for Grupo Comercial Chedraui, S.A.B. de C.V. stock
Grupo Comercial Chedraui, S.A.B. de C.V. finds support from accumulated volume at $123.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.37 between high and low, or 1.94%. For the last week, the stock has had daily average volatility of 1.85%.
Grupo Comercial Chedraui, S.A.B. de C.V. is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CHDRAUIB.MX) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Grupo Comercial Chedraui, S.A.B. de C.V. to open at $123.49, and during the day (based on 14 day Average True Range), to move between $121.32 and $126.62, which gives a possible trading interval of +/-$2.65 (+/-2.14%) up or down from last closing price. If Grupo Comercial Chedraui, S.A.B. de C.V. takes out the full calculated possible swing range there will be an estimated 4.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $123.80 (0.14%) than the resistance at $129.07 (4.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Grupo Comercial Chedraui, S.A.B. de C.V. stock A Buy?
Grupo Comercial Chedraui, S.A.B. de C.V. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.057 Sell Candidate Unchanged
Predicted Opening Price for Grupo Comercial Chedraui, S.A.B. de C.V. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $123.49 ( 0.385%) | $123.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CHDRAUIB.MX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 125.86 | 1.53 % | |
| R2 | 124.96 | 0.797 % | ||
| R1 | 124.40 | 0.346 % | ||
| Current price: | 123.97 | |||
| Support | S1 | 122.59 | -1.11 % | |
| S2 | 122.03 | -1.57 % | ||
| S3 | 121.12 | -2.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 130.03 | 4.89 % | |
| R2 | 130.01 | 4.87 % | ||
| R1 | 129.07 | 4.11 % | ||
| Current price | 123.97 | |||
| Support | S1 | 123.80 | -0.137% | |
| S2 | 122.97 | -0.81% | ||
| S3 | 117.43 | -5.28% |
CHDRAUIB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 25, 2024 | Nov 25, 2024 | Nov 25, 2024 | $0 | 0% |
| 2 | Apr 12, 2024 | Apr 12, 2024 | Apr 12, 2024 | $1.19 | 0.96% |
| 3 | Apr 17, 2023 | Apr 17, 2023 | Apr 17, 2023 | $0.93 | 0.88% |
| 4 | Apr 18, 2022 | Apr 18, 2022 | Apr 18, 2022 | $0.522 | 0.99% |
| 5 | Apr 09, 2021 | Apr 09, 2021 | Apr 09, 2021 | $0.475 | 1.51% |
FAQ
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