CKX Lands Inc Stock Forecast
CKX Lands Inc stock upgraded from Buy Candidate to Strong Buy Candidate after Friday trading session.
(Updated on Apr 26, 2024)
The CKX Lands Inc stock price gained 3.88% on the last trading day (Friday, 26th Apr 2024), rising from $13.90 to $14.44. During the last trading day the stock fluctuated 5.28% from a day low at $13.72 to a day high of $14.44. The price has risen in 5 of the last 10 days and is up by 7.52% over the past 2 weeks. Volume fell on the last day by -286 shares and in total, 742 shares were bought and sold for approximately $10.71 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $14.42, a level that may pose a second chance to hit a runner. According to fan-theory $15.56 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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CKX Signals & Forecast
The CKX Lands Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $14.04 and $13.52. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 3.88%. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Tuesday, April 02, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, April 02, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Monday, March 25, 2024 with a target of $14.05. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for CKX Lands Inc stock
CKX Lands Inc finds support from accumulated volume at $14.26 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.724 between high and low, or 5.28%. For the last week the stock has had daily average volatility of 2.47%.
Our recommended stop-loss: $13.91 (-3.68%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (CKX) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect CKX Lands Inc to open at $14.20, and during the day (based on 14 day Average True Range), to move between $14.16 and $14.72, which gives a possible trading interval of +/-$0.284 (+/-1.97%) up or down from last closing price. If CKX Lands Inc takes out the full calculated possible swing range there will be an estimated 3.94% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $14.26, some $0.180 (1.25%) from the current price of $14.44, our system finds the risk reward attractive.
Is CKX Lands Inc stock A Buy?
CKX Lands Inc holds several positive signals and has broken the weak rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.130 Strong Buy Candidate Upgraded
Predicted Opening Price for CKX Lands Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $14.20 ( 1.67%) | $14.44 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 14.92 | 3.34 % | |
| R2 | 14.65 | 1.43 % | ||
| R1 | 14.48 | 0.244 % | ||
| Current price: | 14.44 | |||
| Support | S1 | 13.92 | -3.59 % | |
| S2 | 13.75 | -4.77 % | ||
| S3 | 13.47 | -6.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 14.44 | |||
| Support | S1 | 14.26 | -1.25% | |
| S2 | 13.51 | -6.44% | ||
| S3 | 13.50 | -6.51% |
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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