CHS Inc Stock Forecast

Stronger technical forecast for CHS Inc stock price after Thursday trading.
(Updated on Apr 25, 2024)

CHSCN Signals & Forecast

There are mixed signals in the stock today. 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 $25.24 and $25.81. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 0.538%. 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). 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

CHS Inc finds support from accumulated volume at $25.21 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 $0.124 between high and low, or 0.494%. For the last week the stock has had daily average volatility of 0.87%

Our recommended stop-loss: $23.68 (-6.11%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (CHSCN) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect CHS Inc to open at $25.20, and during the day (based on 14 day Average True Range), to move between $24.96 and $25.49, which gives a possible trading interval of +/-$0.265 (+/-1.05%) up or down from last closing price. If CHS Inc takes out the full calculated possible swing range there will be an estimated 2.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $25.21 (0.06%) than the resistance at $25.30 (0.30%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.066 Hold/Accumulate Upgraded

Predicted Opening Price for CHS Inc of Friday, April 26, 2024

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