Chorus Aviation Inc. Stock Forecast
Chorus Aviation Inc. stock price ended at $2.17 on Wednesday, after gaining 0.93%.
(Updated on May 01, 2024)
The Chorus Aviation Inc. stock price gained 0.93% on the last trading day (Wednesday, 1st May 2024), rising from $2.15 to $2.17. During the last trading day the stock fluctuated 2.82% from a day low at $2.13 to a day high of $2.19. The price has risen in 8 of the last 10 days and is up by 7.43% 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, 47 thousand more shares were traded than the day before. In total, 275 thousand shares were bought and sold for approximately $595.96 thousand.
Given the current short-term trend, the stock is expected to fall -13.55% during the next 3 months and, with a 90% probability hold a price between $1.54 and $1.88 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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CHR.TO Signals & Forecast
The Chorus Aviation Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $2.13 and $2.08. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 06, 2024, and so far it has risen 8.50%. Further rise is indicated until a new top pivot has been found. Chorus Aviation Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Chorus Aviation Inc. stock
Chorus Aviation Inc. finds support from accumulated volume at $2.15 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 $0.0600 between high and low, or 2.82%. For the last week, the stock has had daily average volatility of 2.42%.
Our recommended stop-loss: $2.08 (-3.96%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 39 days ago.)
Trading Expectations (CHR.TO) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Chorus Aviation Inc. to open at $2.16, and during the day (based on 14 day Average True Range), to move between $2.12 and $2.22, which gives a possible trading interval of +/-$0.0520 (+/-2.40%) up or down from last closing price. If Chorus Aviation Inc. takes out the full calculated possible swing range there will be an estimated 4.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.18 (0.46%) than the support at $2.15 (0.92%), 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
Chorus Aviation Inc. will release earnings BMO on Monday, May 06, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0500. We will update the financials statements for Chorus Aviation Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.12% in the first trading day after earnings release.
Is Chorus Aviation Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.506 Buy Candidate Unchanged
Predicted Opening Price for Chorus Aviation Inc. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $2.16 ( 0.307%) | $2.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CHR.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.22 | 2.46 % | |
| R2 | 2.20 | 1.40 % | ||
| R1 | 2.19 | 0.749 % | ||
| Current price: | 2.17 | |||
| Support | S1 | 2.14 | -1.36 % | |
| S2 | 2.13 | -2.02 % | ||
| S3 | 2.10 | -3.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.43 | 11.98 % | |
| R2 | 2.25 | 3.69 % | ||
| R1 | 2.18 | 0.461 % | ||
| Current price | 2.17 | |||
| Support | S1 | 2.15 | -0.92% | |
| S2 | 2.09 | -3.69% | ||
| S3 | 2.04 | -5.99% |
CHR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 20, 2020 | Mar 30, 2020 | Apr 17, 2020 | $0.0400 | 1.39% |
| 2 | Feb 19, 2020 | Feb 27, 2020 | Mar 17, 2020 | $0.0400 | 1.60% |
| 3 | Jan 22, 2020 | Jan 30, 2020 | Feb 19, 2020 | $0.0400 | 0.517% |
| 4 | Dec 18, 2019 | Dec 30, 2019 | Jan 17, 2020 | $0.0400 | 0.476% |
| 5 | Nov 26, 2019 | Nov 28, 2019 | Dec 17, 2019 | $0.0400 | 0.493% |
FAQ
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