CHS Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Thursday for CHS Inc stock after losing 0.0402%
(Updated on Apr 18, 2024)
The CHS Inc stock price fell by -0.0402% on the last day (Thursday, 18th Apr 2024) from $24.85 to $24.84. During the last trading day the stock fluctuated 0.89% from a day low at $24.73 to a day high of $24.95. The price has fallen in 7 of the last 10 days and is down by -1.27% for this period. Volume has increased on the last day by 14 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, 24 thousand shares were bought and sold for approximately $602.59 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 $24.72 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 $24.68 and $25.74 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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CHSCM Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 0.485%. 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 $24.87 and $25.29. 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 $24.76 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 $0.220 between high and low, or 0.89%. For the last week the stock has had daily average volatility of 0.86%.
Our recommended stop-loss: $23.57 (-5.09%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (CHSCM) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect CHS Inc to open at $24.84, and during the day (based on 14 day Average True Range), to move between $24.63 and $25.05, which gives a possible trading interval of +/-$0.206 (+/-0.83%) up or down from last closing price. If CHS Inc takes out the full calculated possible swing range there will be an estimated 1.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $24.76 (0.32%) than the resistance at $24.98 (0.56%), 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 this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.564 Hold/Accumulate Unchanged
Predicted Opening Price for CHS Inc of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$24.84 ( 0.0001%) | $24.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CHSCM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 25.06 | 0.89 % | |
R2 | 24.98 | 0.547 % | ||
R1 | 24.92 | 0.338 % | ||
Current price: | 24.84 | |||
Support | S1 | 24.76 | -0.338 % | |
S2 | 24.70 | -0.547 % | ||
S3 | 24.62 | -0.89 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 25.12 | 1.13 % | |
R2 | 25.09 | 1.01 % | ||
R1 | 24.98 | 0.564 % | ||
Current price | 24.84 | |||
Support | S1 | 24.76 | -0.322% | |
S2 | 24.72 | -0.483% | ||
S3 | 0 | . |
CHSCM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 13, 2024 | Jun 13, 2024 | Jun 28, 2024 | $0.422 | 1.70% |
2 | Mar 14, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.422 | 1.68% |
3 | Nov 07, 2023 | Dec 13, 2023 | Dec 29, 2023 | $0.422 | 1.71% |
4 | Sep 06, 2023 | Sep 15, 2023 | Oct 02, 2023 | $0.422 | 1.69% |
5 | Jun 05, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.422 | 1.67% |
FAQ
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