CHS Inc Stock Forecast
CHS Inc stock downgraded to Sell Candidate
(Updated on May 03, 2024)
The CHS Inc stock price gained 0.194% on the last trading day (Friday, 3rd May 2024), rising from $25.75 to $25.80. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.427% from a day low at $25.74 to a day high of $25.85. The price has risen in 7 of the last 10 days and is up by 0.7% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 25 thousand shares were bought and sold for approximately $642.27 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect CHS Inc stock with a 90% probability to be traded between $24.96 and $25.92 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 1.20%. 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $25.80. On a fall, the stock will find some support from the short-term average at $25.67. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for CHS Inc stock
CHS Inc finds support from accumulated volume at $25.70 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.110 between high and low, or 0.427%. For the last week the stock has had daily average volatility of 0.613%
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 Monday 6th
For the upcoming trading day on Monday, 6th we expect CHS Inc to open at $25.80, and during the day (based on 14 day Average True Range), to move between $25.63 and $25.97, which gives a possible trading interval of +/-$0.174 (+/-0.68%) up or down from last closing price. If CHS Inc takes out the full calculated possible swing range there will be an estimated 1.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.70 (0.39%) than the resistance at $26.00 (0.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CHS Inc stock A Buy?
CHS Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.579 Sell Candidate Downgraded
Predicted Opening Price for CHS Inc of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$25.80 ( 0.0129%) | $25.80 |
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 | 25.91 | 0.413 % | |
R2 | 25.86 | 0.251 % | ||
R1 | 25.84 | 0.150 % | ||
Current price: | 25.80 | |||
Support | S1 | 25.75 | -0.176 % | |
S2 | 25.73 | -0.276 % | ||
S3 | 25.69 | -0.439 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 26.35 | 2.13 % | |
R2 | 26.15 | 1.36 % | ||
R1 | 26.00 | 0.775 % | ||
Current price | 25.80 | |||
Support | S1 | 25.70 | -0.388% | |
S2 | 25.65 | -0.581% | ||
S3 | 25.61 | -0.736% |
CHSCL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 13, 2024 | Jun 13, 2024 | Jun 28, 2024 | $0.469 | 1.82% |
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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