CHS Inc Stock Forecast
Red day on Friday for CHS Inc
(Updated on Apr 26, 2024)
The CHS Inc stock price fell by -0.443% on the last day (Friday, 26th Apr 2024) from $30.20 to $30.07. During the last trading day the stock fluctuated 0.597% from a day low at $30.07 to a day high of $30.25. The price has been going up and down for this period, and there has been a -0.76% loss for the last 2 weeks. Volume has increased on the last day by 2 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, 7 thousand shares were bought and sold for approximately $200.39 thousand.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $29.78 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.52% during the next 3 months and, with a 90% probability hold a price between $29.03 and $31.03 at the end of this 3-month period.
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CHSCP Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 0.569%. 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. 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 $30.15 and $31.09. A break-up above any of these levels will issue buy signals. 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 $30.03 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 $0.179 between high and low, or 0.597%. For the last week the stock has had daily average volatility of 0.84%.
Our recommended stop-loss: $28.53 (-5.11%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (CHSCP) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect CHS Inc to open at $30.13, and during the day (based on 14 day Average True Range), to move between $29.70 and $30.44, which gives a possible trading interval of +/-$0.367 (+/-1.22%) up or down from last closing price. If CHS Inc takes out the full calculated possible swing range there will be an estimated 2.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $30.03 (0.13%) than the resistance at $31.00 (3.09%), 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 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.
Current score: -0.078 Hold/Accumulate Unchanged
Predicted Opening Price for CHS Inc of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$30.13 ( 0.199%) | $30.07 |
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 | 30.31 | 0.795 % | |
R2 | 30.24 | 0.568 % | ||
R1 | 30.20 | 0.427 % | ||
Current price: | 30.07 | |||
Support | S1 | 30.06 | -0.0290 % | |
S2 | 30.02 | -0.170 % | ||
S3 | 29.95 | -0.398 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 31.94 | 6.22 % | |
R2 | 31.09 | 3.39 % | ||
R1 | 31.00 | 3.09 % | ||
Current price | 30.07 | |||
Support | S1 | 30.03 | -0.133% | |
S2 | 30.00 | -0.233% | ||
S3 | 29.90 | -0.565% |
CHSCP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 13, 2024 | Jun 13, 2024 | Jun 28, 2024 | $0.500 | 1.66% |
2 | Jan 10, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.500 | 1.61% |
3 | Nov 07, 2023 | Dec 13, 2023 | Dec 29, 2023 | $0.500 | 1.62% |
4 | Sep 06, 2023 | Sep 15, 2023 | Oct 02, 2023 | $0.500 | 1.65% |
5 | Jun 05, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.500 | 1.67% |
FAQ
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