CHS Inc Stock Forecast

CHS Inc stock upgraded from Sell Candidate to Hold/Accumulate after Monday trading session.
(Updated on Apr 15, 2024)

CHSCN Signals & Forecast

There are few to no technical positive signals at the moment. 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 $25.31 and $26.03. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -6.73%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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". The stock had a Golden Star Signal on Wednesday, June 28, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for CHS Inc stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.160 (0.638%) between high and low. For the last week, the stock has had daily average volatility of 0.658%.

CHS Inc is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: $24.05 (-4.14%) (This stock has low daily movements and this gives low risk. Low RSI14 is 13 which reduces the risk some. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (CHSCN) For The Upcoming Trading Day Of Tuesday 16th

For the upcoming trading day on Tuesday, 16th we expect CHS Inc to open at $25.13, and during the day (based on 14 day Average True Range), to move between $24.82 and $25.36, which gives a possible trading interval of +/-$0.271 (+/-1.08%) up or down from last closing price. If CHS Inc takes out the full calculated possible swing range there will be an estimated 2.16% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $25.24, some $0.150 (0.60%) from the current price of $25.09, our system finds the risk reward not very attractive.

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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.036 Hold/Accumulate Upgraded

Predicted Opening Price for CHS Inc of Tuesday, April 16, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.