CHS Inc Stock Forecast
CHS Inc stock price ended at $25.57 on Thursday, after losing 0.506%.
(Updated on Apr 25, 2024)
The CHS Inc stock price fell by -0.506% on the last day (Thursday, 25th Apr 2024) from $25.70 to $25.57. During the last trading day the stock fluctuated 0.509% from a day low at $25.52 to a day high of $25.65. The price has risen in 6 of the last 10 days but is still down by -0.2% for this period. Volume has increased on the last day by 8 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, 38 thousand shares were bought and sold for approximately $970.20 thousand.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $25.46 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect CHS Inc stock with a 90% probability to be traded between $25.22 and $26.25 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CHSCL Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 0.299%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The CHS Inc 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 $25.66 and $25.90. A break-up above any of these levels will issue buy signals. CHS Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for CHS Inc stock
CHS Inc finds support from accumulated volume at $25.53 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 $0.130 between high and low, or 0.509%. For the last week the stock has had daily average volatility of 0.586%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CHSCL) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect CHS Inc to open at $25.58, and during the day (based on 14 day Average True Range), to move between $25.38 and $25.76, which gives a possible trading interval of +/-$0.190 (+/-0.74%) up or down from last closing price. If CHS Inc takes out the full calculated possible swing range there will be an estimated 1.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.61 (0.16%) than the support at $25.53 (0.16%), 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.
Is CHS Inc stock A Buy?
CHS Inc holds several negative signals and is within a narrow 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: -2.443 Sell Candidate Unchanged
Predicted Opening Price for CHS Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $25.58 ( 0.0391%) | $25.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CHSCL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.71 | 0.548 % | |
| R2 | 25.66 | 0.353 % | ||
| R1 | 25.63 | 0.233 % | ||
| Current price: | 25.57 | |||
| Support | S1 | 25.53 | -0.155 % | |
| S2 | 25.50 | -0.275 % | ||
| S3 | 25.45 | -0.469 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.70 | 0.508 % | |
| R2 | 25.65 | 0.313 % | ||
| R1 | 25.61 | 0.156 % | ||
| Current price | 25.57 | |||
| Support | S1 | 25.53 | -0.156% | |
| S2 | 25.49 | -0.298% | ||
| S3 | 0 | . |
CHSCL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 13, 2024 | Jun 13, 2024 | Jun 28, 2024 | $0.469 | 1.83% |
| 2 | Jan 10, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.469 | 1.82% |
| 3 | Nov 07, 2023 | Dec 13, 2023 | Dec 29, 2023 | $0.469 | 1.85% |
| 4 | Sep 06, 2023 | Sep 15, 2023 | Oct 02, 2023 | $0.469 | 1.85% |
| 5 | Jun 05, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.469 | 1.78% |
FAQ
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