CHS Inc Stock Forecast
CHS Inc stock downgraded to Hold/Accumulate
(Updated on Mar 27, 2024)
The CHS Inc stock price fell by -0.0157% on the last day (Wednesday, 27th Mar 2024) from $31.78 to $31.77. During the last trading day the stock fluctuated 1.27% from a day low at $31.60 to a day high of $32.00. The price has fallen in 7 of the last 10 days and is down by -1.47% for this period. Volume has increased on the last day by 1 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, 5 thousand shares were bought and sold for approximately $160.92 thousand.
The stock lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $31.66 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.84% during the next 3 months and, with a 90% probability hold a price between $33.51 and $34.44 at the end of this 3-month period.
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CHSCP Signals & Forecast
The CHS Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $31.84. On a fall, the stock will find some support from the long-term average at approximately $31.60. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -1.47%. 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".
Support, Risk & Stop-loss for CHS Inc stock
CHS Inc finds support from accumulated volume at $31.00 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 $0.400 between high and low, or 1.27%. For the last week the stock has had daily average volatility of 1.16%.
Our recommended stop-loss: $30.69 (-3.41%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (CHSCP) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect CHS Inc to open at $31.79, and during the day (based on 14 day Average True Range), to move between $31.36 and $32.18, which gives a possible trading interval of +/-$0.407 (+/-1.28%) up or down from last closing price. If CHS Inc takes out the full calculated possible swing range there will be an estimated 2.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $31.94 (0.54%) than the support at $31.00 (2.42%), 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?
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. 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 Hold/Accumulate candidate.
Current score: 0.688 Hold/Accumulate Downgraded
Predicted Opening Price for CHS Inc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$31.79 ( 0.0630%) | $31.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CHSCP
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 32.19 | 1.32 % | |
R2 | 32.04 | 0.84 % | ||
R1 | 31.94 | 0.544 % | ||
Current price: | 31.77 | |||
Support | S1 | 31.64 | -0.418 % | |
S2 | 31.54 | -0.715 % | ||
S3 | 31.39 | -1.20 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 32.08 | 0.98 % | |
R2 | 31.98 | 0.661 % | ||
R1 | 31.94 | 0.535 % | ||
Current price | 31.77 | |||
Support | S1 | 31.00 | -2.42% | |
S2 | 30.94 | -2.61% | ||
S3 | 30.62 | -3.62% |
CHSCP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 10, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.500 | 1.57% |
2 | Nov 07, 2023 | Dec 13, 2023 | Dec 29, 2023 | $0.500 | 1.62% |
3 | Sep 06, 2023 | Sep 15, 2023 | Oct 02, 2023 | $0.500 | 1.65% |
4 | Jun 05, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.500 | 1.67% |
5 | Jan 10, 2023 | Mar 16, 2023 | Mar 31, 2023 | $0.500 | 1.69% |
FAQ
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