Chuy stock price fell more than -5.91% Friday closing at $30.70
(Updated on Nov 26, 2021)
Sell candidate since 2021-11-26 PDF
The Chuy stock price fell by -5.91% on the last day (Friday, 26th Nov 2021) from $32.63 to $30.70. During the day the stock fluctuated 6.79% from a day low at $29.60 to a day high of $31.61. The price has fallen in 6 of the last 10 days and is down by -7.22% for this period. Volume has increased on the last day by 32 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, 101 thousand shares were bought and sold for approximately $3.10 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Chuy stock with a 90% probability to be traded between $29.68 and $35.66 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.
Signals & Forecast
There are few to no technical positive signals at the moment. The Chuy 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 $32.17 and $31.19. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, November 05, 2021, and so far it has fallen -11.55%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss
Chuy finds support from accumulated volume at $29.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.01 between high and low, or 6.79%. For the last week, the stock has had a daily average volatility of 4.44%.
Chuy is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is Chuy stock A Buy?
Chuy holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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: -2.018
Predicted Opening Price for Chuy of Monday, November 29, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price November 29, 2021||Current price|
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On Nov 23, 2021 "Benchmark" gave "" rating for CHUY. The price target was set to $32.23+0.9%.
CHUY Insider Trading
|Aug 15, 2021||Buy||961||Bilney Jody L||Restricted Stock Units|
|Jun 01, 2021||Sell||504||Howie Jon W||Common Stock|
|May 25, 2021||Sell||500||Zecher Ira L.||Common Stock|
|May 20, 2021||Sell||1 210||Hatcher Michael C.||Common Stock|
|May 20, 2021||Sell||11 398||Mountford John||Common Stock|
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