CHS Inc Stock Forecast
CHS Inc stock price down 0.0744% on Thursday
(Updated on Jun 20, 2024)
The CHS Inc stock price fell by -0.0744% on the last day (Thursday, 20th Jun 2024) from $26.89 to $26.87. During the last trading day the stock fluctuated 0.534% from a day low at $26.76 to a day high of $26.90. The price has been going up and down for this period, and there has been a -2.15% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -27 thousand shares and in total, 10 thousand shares were bought and sold for approximately $269.80 thousand.
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 $26.69 and $27.86 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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CHSCO Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has fallen 0%. 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. On corrections up, there will be some resistance from the lines at $27.13 and $26.94. 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. The stock had a Golden Star Signal on Friday, May 10, 2024 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.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, May 10, 2024 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 $26.85 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 $0.143 between high and low, or 0.534%. For the last week the stock has had daily average volatility of 0.82%
Our recommended stop-loss: $25.32 (-5.78%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (CHSCO) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect CHS Inc to open at $26.84, and during the day (based on 14 day Average True Range), to move between $26.60 and $27.14, which gives a possible trading interval of +/-$0.273 (+/-1.02%) up or down from last closing price. If CHS Inc takes out the full calculated possible swing range there will be an estimated 2.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $26.89 (0.07%) than the support at $26.85 (0.07%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is CHS Inc stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for CHS Inc stock to perform well in the short-term period.
Current score: 1.073 Buy Candidate Unchanged
Predicted Opening Price for CHS Inc of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $26.84 ( 0.103%) | $26.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CHSCO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.99 | 0.429% |
| R2 | 26.93 | 0.226% |
| R1 | 26.90 | 0.100% |
| Price | 26.87 | |
| S1 | 26.79 | -0.306% |
| S2 | 26.75 | -0.431% |
| S3 | 26.70 | -0.634% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.54 | 2.49% |
| R2 | 27.26 | 1.45% |
| R1 | 26.89 | 0.0744% |
| Price | 26.87 | |
| S1 | 26.85 | -0.0748% |
| S2 | 26.81 | -0.223% |
| S3 | 26.67 | -0.744% |
CHSCO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 13, 2024 | Jun 13, 2024 | Jun 28, 2024 | $0.492 | 1.84% |
| 2 | Jan 10, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.492 | 1.84% |
| 3 | Nov 07, 2023 | Dec 13, 2023 | Dec 29, 2023 | $0.492 | 1.86% |
| 4 | Sep 06, 2023 | Sep 15, 2023 | Oct 02, 2023 | $0.492 | 1.86% |
| 5 | Jun 05, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.492 | 1.89% |
FAQ
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