Collins Foods Limited Stock Forecast
Collins Foods Limited stock price up 0.198% on Thursday
(Updated on Mar 28, 2024)
The Collins Foods Limited stock price gained 0.198% on the last trading day (Thursday, 28th Mar 2024), rising from $10.12 to $10.14. During the last trading day the stock fluctuated 1.68% from a day low at $10.10 to a day high of $10.27. The price has been going up and down for this period, and there has been a -1.46% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 127 thousand more shares were traded than the day before. In total, 343 thousand shares were bought and sold for approximately $3.48 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -19.69% during the next 3 months and, with a 90% probability hold a price between $7.50 and $8.36 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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CKF.AX Signals & Forecast
There are mixed signals in the stock today. The Collins Foods Limited 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 $10.22 and $10.54. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, March 01, 2024, and so far it has risen 0.198%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Collins Foods Limited stock
Collins Foods Limited finds support from accumulated volume at $10.12 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 $0.170 between high and low, or 1.68%. For the last week the stock has had daily average volatility of 1.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CKF.AX) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Collins Foods Limited to open at $10.17, and during the day (based on 14 day Average True Range), to move between $9.92 and $10.36, which gives a possible trading interval of +/-$0.221 (+/-2.18%) up or down from last closing price. If Collins Foods Limited takes out the full calculated possible swing range there will be an estimated 4.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.12 (0.20%) than the resistance at $10.29 (1.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Collins Foods Limited stock A Buy?
Collins Foods Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.040 Sell Candidate Unchanged
Predicted Opening Price for Collins Foods Limited of Tuesday, April 2, 2024
Fair opening price April 2, 2024 | Current price |
---|---|
$10.17 ( 0.296%) | $10.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CKF.AX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.34 | 1.97 % | |
R2 | 10.28 | 1.33 % | ||
R1 | 10.23 | 0.94 % | ||
Current price: | 10.14 | |||
Support | S1 | 10.11 | -0.345 % | |
S2 | 10.06 | -0.740 % | ||
S3 | 10.00 | -1.38 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.67 | 5.23 % | |
R2 | 10.53 | 3.85 % | ||
R1 | 10.29 | 1.48 % | ||
Current price | 10.14 | |||
Support | S1 | 10.12 | -0.197% | |
S2 | 0 | . | ||
S3 | 0 | . |
CKF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 04, 2023 | Dec 04, 2023 | Dec 04, 2023 | $0 | 0% |
2 | Jul 10, 2023 | Jul 10, 2023 | Jul 10, 2023 | $0.150 | 1.57% |
3 | Dec 05, 2022 | Dec 05, 2022 | Dec 05, 2022 | $0.120 | 1.50% |
4 | Jul 08, 2022 | Jul 08, 2022 | Jul 08, 2022 | $0.150 | 1.48% |
5 | Dec 06, 2021 | Dec 06, 2021 | Dec 06, 2021 | $0.120 | 0.95% |
FAQ
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