RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CHEF
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The Chefs stock price ended at $41.81 on Wednesday, after losing 2.34%.
(Updated on Jul 24, 2024)

Buy candidate since Jul 11, 2024 Gain 3.11% PDF

The The Chefs stock price fell by -2.34% on the last day (Wednesday, 24th Jul 2024) from $42.81 to $41.81. During the last trading day the stock fluctuated 2.06% from a day low at $41.70 to a day high of $42.56. The price has risen in 7 of the last 10 days and is up by 7.73% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -210 thousand shares and in total, 185 thousand shares were bought and sold for approximately $7.74 million.

The stock lies in the middle of a wide and strong 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 15.31% during the next 3 months and, with a 90% probability hold a price between $44.39 and $49.47 at the end of this 3-month period.

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CHEF Signals & Forecast

The The Chefs 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 $42.05. On a fall, the stock will find some support from the long-term average at approximately $40.00. 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. 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, July 23, 2024, and so far it has fallen -2.34%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for The Chefs stock

On the downside, the stock finds support just below today's level from accumulated volume at $39.03 and $36.94. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, The Chefs finds support just below today's level at $39.03. If this is broken, then the next support from accumulated volume will be at $36.94 and $34.92.

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 $0.86 between high and low, or 2.06%. For the last week, the stock has had daily average volatility of 3.07%.

Our recommended stop-loss: $39.98 (-4.39%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)

Trading Expectations (CHEF) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect The Chefs to open at $42.02, and during the day (based on 14 day Average True Range), to move between $40.44 and $43.18, which gives a possible trading interval of +/-$1.37 (+/-3.26%) up or down from last closing price. If The Chefs takes out the full calculated possible swing range there will be an estimated 6.53% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $42.40 (1.41%) than the support at $39.03 (6.65%), 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.

Earnings coming up

The Chefs will release earnings BMO on Wednesday, July 31, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.360. We will update the financials statements for The Chefs, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.14% in the first trading day after earnings release.

Is The Chefs 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 The Chefs stock to perform well in the short-term.

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Current score: 1.001 Buy Candidate Unchanged

Predicted Opening Price for The Chefs of Thursday, July 25, 2024

Fair opening price July 25, 2024 Current price
$42.02 ( 0.510%) $41.81

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

Trading levels for CHEF

Fibonacci Support & Resistance Levels

Level Price
R3 42.88 2.57%
R2 42.55 1.78%
R1 42.35 1.30%
Price 41.81
S1 41.69 -0.276%
S2 41.49 -0.761%
S3 41.16 -1.55%

Accumulated Volume Support & Resistance Levels

Level Price
R3 42.81 2.39%
R2 42.60 1.89%
R1 42.40 1.41%
Price 41.81
S1 39.03 -6.65%
S2 36.94 -11.65%
S3 34.92 -16.48%

FAQ

What is the symbol for The Chefs Stock and on which exchange is it traded?
The symbol for The Chefs is CHEF and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell The Chefs Stock?
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 The Chefs stock to perform well in the short-term.

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

What's the current price of The Chefs Stock?
As of the end of day on the Jul 24, 2024, the price of an The Chefs (CHEF) share was $41.81.

What is the 52-week high and low for The Chefs Stock?
The 52-week high for The Chefs Stock is $43.35 and the 52-week low is $17.29.

What is the market capitalization of The Chefs Stock?
As of the Jul 24, 2024, the market capitalization of The Chefs is 1.663B.

When is the next earnings date for The Chefs?
The upcoming earnings date for The Chefs is Jul 31, 2024.
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About The Chefs

The Chefs The Chefs' Warehouse, Inc., together with its subsidiaries, engages in distribution of specialty food products in the United States and Canada. The company's product portfolio includes approximately 50,000 stock-keeping units, such as specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products. It also offers a line of center-of-the-plate products, including c... CHEF Profile

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