CKX Lands Inc Stock Forecast
CKX Lands Inc stock upgraded to Hold/Accumulate.
(Updated on Jul 02, 2024)
The CKX Lands Inc stock price fell by -4.15% on the last day (Tuesday, 2nd Jul 2024) from $13.50 to $12.94. During the last trading day the stock fluctuated 2.47% from a day low at $12.94 to a day high of $13.26. The price has fallen in 5 of the last 10 days and is down by -6.06% for this period. Volume has increased on the last day by 4 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, 4 thousand shares were bought and sold for approximately $55.56 thousand.
The stock has broken the horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $13.39 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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CKX Signals & Forecast
There are few to no technical positive signals at the moment. The CKX Lands 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 $13.47 and $13.80. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -10.08%. 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). CKX Lands 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". The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Wednesday, May 08, 2024 with a target of $13.46. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for CKX Lands Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.320 between high and low, or 2.47%. For the last week the stock has had daily average volatility of 1.26%.
Our recommended stop-loss: $12.25 (-5.32%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 39 days ago.)
Trading Expectations (CKX) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect CKX Lands Inc to open at $13.05, and during the day (based on 14 day Average True Range), to move between $12.68 and $13.20, which gives a possible trading interval of +/-$0.256 (+/-1.98%) up or down from last closing price. If CKX Lands Inc takes out the full calculated possible swing range there will be an estimated 3.96% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $13.20, some $0.260 (2.01%) from the current price of $12.94, our system finds the risk reward not very attractive.
Is CKX Lands Inc stock A Buy?
CKX Lands 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for CKX Lands Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $13.05 ( 0.82%) | $12.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CKX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.37 | 3.30% |
| R2 | 13.24 | 2.35% |
| R1 | 13.17 | 1.77% |
| Price | 12.94 | |
| S1 | 12.92 | -0.120% |
| S2 | 12.85 | -0.704% |
| S3 | 12.73 | -1.65% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.26 | 10.20% |
| R2 | 13.60 | 5.10% |
| R1 | 13.20 | 2.01% |
| Price | 12.94 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
CKX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 26, 2018 | Apr 04, 2018 | Apr 10, 2017 | $0.120 | 1.00% |
| 2 | Mar 28, 2017 | Mar 30, 2017 | Apr 10, 2017 | $0.100 | 0.83% |
| 3 | Apr 30, 2015 | May 12, 2015 | May 28, 2015 | $0.0300 | 0.211% |
| 4 | Mar 23, 2015 | Mar 31, 2015 | Apr 16, 2015 | $0.0700 | 0.495% |
| 5 | Nov 09, 2014 | Nov 18, 2014 | Dec 05, 2014 | $0.0700 | 0.440% |
FAQ
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