CHS Inc Stock Forecast
CHS Inc stock downgraded from Buy Candidate to Sell Candidate after Thursday trading session.
(Updated on Apr 18, 2024)
The CHS Inc stock price fell by -0.563% on the last day (Thursday, 18th Apr 2024) from $26.62 to $26.47. During the last trading day the stock fluctuated 1.02% from a day low at $26.45 to a day high of $26.72. The price has fallen in 5 of the last 10 days and is down by -1.92% for this period. Volume has increased on the last day by 18 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, 21 thousand shares were bought and sold for approximately $544.33 thousand.
Given the current short-term trend, the stock is expected to rise 2.03% during the next 3 months and, with a 90% probability hold a price between $27.01 and $28.28 at the end of this 3-month period.
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CHSCO 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 $26.62 and $27.02. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -3.64%. 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 Tuesday, January 09, 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 Tuesday, January 09, 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 $26.25 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 $0.270 between high and low, or 1.02%. For the last week the stock has had daily average volatility of 0.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CHSCO) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect CHS Inc to open at $26.55, and during the day (based on 14 day Average True Range), to move between $26.21 and $26.73, which gives a possible trading interval of +/-$0.261 (+/-0.98%) up or down from last closing price. If CHS Inc takes out the full calculated possible swing range there will be an estimated 1.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $26.25 (0.83%) than the resistance at $26.81 (1.28%), 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?
The CHS Inc stock holds several negative signals and despite the positive trend, we believe CHS Inc will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.
Current score: -1.761 Sell Candidate Downgraded
Predicted Opening Price for CHS Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $26.55 ( 0.290%) | $26.47 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 26.82 | 1.31 % | |
| R2 | 26.71 | 0.92 % | ||
| R1 | 26.65 | 0.679 % | ||
| Current price: | 26.47 | |||
| Support | S1 | 26.44 | -0.100 % | |
| S2 | 26.38 | -0.341 % | ||
| S3 | 26.28 | -0.730 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.35 | 3.32 % | |
| R2 | 26.82 | 1.32 % | ||
| R1 | 26.81 | 1.28 % | ||
| Current price | 26.47 | |||
| Support | S1 | 26.25 | -0.83% | |
| S2 | 26.24 | -0.87% | ||
| S3 | 26.12 | -1.32% |
CHSCO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 13, 2024 | Jun 13, 2024 | Jun 28, 2024 | $0.492 | 1.86% |
| 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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