Corus Entertainment Inc. Class B Stock Forecast
Red day on Monday for Corus Entertainment Inc. Class B stock after losing 0%
(Updated on Apr 29, 2024)
No changes to the price of Corus Entertainment Inc. Class B stock on the last trading day (Monday, 29th Apr 2024). During the last trading day the stock fluctuated 4.00% from a day low at $0.500 to a day high of $0.520. The price has fallen in 5 of the last 10 days and is down by -3.77% for this period.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.468 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -35.57% during the next 3 months and, with a 90% probability hold a price between $0.301 and $0.466 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CJR-B.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 2.00%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Corus Entertainment Inc. Class B 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 $0.517 and $0.655. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for Corus Entertainment Inc. Class B stock
Corus Entertainment Inc. Class B finds support from accumulated volume at $0.500 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0200 between high and low, or 4.00%. For the last week the stock has had daily average volatility of 4.75%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CJR-B.TO) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Corus Entertainment Inc. Class B to open at $0.510, and during the day (based on 14 day Average True Range), to move between $0.474 and $0.546, which gives a possible trading interval of +/-$0.0363 (+/-7.11%) up or down from last closing price. If Corus Entertainment Inc. Class B takes out the full calculated possible swing range there will be an estimated 14.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.500 (1.96%) than the resistance at $0.530 (3.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Corus Entertainment Inc. Class B stock A Buy?
Corus Entertainment Inc. Class B holds several negative signals and is within a very 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.
Current score: -4.811 Sell Candidate Unchanged
Predicted Opening Price for Corus Entertainment Inc. Class B of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $0.510 ( 0%) | $0.510 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CJR-B.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.530 | 3.92 % | |
| R2 | 0.522 | 2.42 % | ||
| R1 | 0.518 | 1.50 % | ||
| Current price: | 0.510 | |||
| Support | S1 | 0.502 | -1.50 % | |
| S2 | 0.498 | -2.42 % | ||
| S3 | 0.490 | -3.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.590 | 15.69 % | |
| R2 | 0.550 | 7.84 % | ||
| R1 | 0.530 | 3.92 % | ||
| Current price | 0.510 | |||
| Support | S1 | 0.500 | -1.96% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
CJR-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 28, 2023 | Jul 28, 2023 | Aug 15, 2023 | $0.0300 | 2.26% |
| 2 | Mar 14, 2023 | Mar 14, 2023 | Mar 14, 2023 | $0.0300 | 1.75% |
| 3 | Dec 14, 2022 | Dec 14, 2022 | Dec 29, 2022 | $0.0600 | 2.84% |
| 4 | Sep 14, 2022 | Sep 14, 2022 | Sep 14, 2022 | $0.0600 | 2.24% |
| 5 | Jun 14, 2022 | Jun 14, 2022 | Jun 14, 2022 | $0.0600 | 1.49% |
FAQ
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