CHS Inc Stock Forecast

Sell candidate since Dec 12, 2024

The CHS Inc stock price fell by -0.0795% on the last day (Thursday, 12th Dec 2024) from $25.17 to $25.15. During the last trading day the stock fluctuated 0.438% from a day low at $25.11 to a day high of $25.22. The price has fallen in 6 of the last 10 days and is down by -0.08% for this period. Volume has increased on the last day by 13 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, 26 thousand shares were bought and sold for approximately $666.02 thousand.

The stock lies in the middle of a narrow 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 -3.01% during the next 3 months and, with a 90% probability hold a price between $24.15 and $24.70 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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CHSCM Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, November 26, 2024, and so far it has risen 0.439%. 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 $25.18 and $25.32. 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 $25.13 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 $0.110 between high and low, or 0.438%. For the last week the stock has had daily average volatility of 0.597%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CHSCM) For The Upcoming Trading Day Of Friday 13th

For the upcoming trading day on Friday, 13th we expect CHS Inc to open at $25.16, and during the day (based on 14 day Average True Range), to move between $24.94 and $25.36, which gives a possible trading interval of +/-$0.212 (+/-0.84%) up or down from last closing price. If CHS Inc takes out the full calculated possible swing range there will be an estimated 1.68% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $25.13 (0.08%) than the resistance at $25.17 (0.08%), 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 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. 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: -1.729 Sell Candidate Downgraded

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Predicted Fair Opening Price

Predicted fair opening price on December 13, 2024 - $25.16 ( 0.0398%).