CMS Energy Corporation Stock Forecast
Stronger technical forecast for CMS Energy Corporation stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The CMS Energy Corporation stock price gained 0.289% on the last trading day (Tuesday, 2nd Jul 2024), rising from $58.80 to $58.97. During the last trading day the stock fluctuated 1.08% from a day low at $58.57 to a day high of $59.20. The price has risen in 6 of the last 10 days but is still down by -0.52% for this period. Volume fell on the last day by -708 thousand shares and in total, 2 million shares were bought and sold for approximately $95.29 million. 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 is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $58.82 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect CMS Energy Corporation stock with a 90% probability to be traded between $59.93 and $65.02 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.
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CMS Signals & Forecast
The CMS Energy Corporation 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 $59.54 and $60.96. A break-up above any of these levels will issue buy signals. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 0.289%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for CMS Energy Corporation stock
CMS Energy Corporation finds support from accumulated volume at $58.94 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.630 (1.08%) between high and low. For the last week, the stock has had daily average volatility of 1.63%.
Our recommended stop-loss: $55.66 (-5.62%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (CMS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect CMS Energy Corporation to open at $58.91, and during the day (based on 14 day Average True Range), to move between $57.98 and $59.96, which gives a possible trading interval of +/-$0.99 (+/-1.69%) up or down from last closing price. If CMS Energy Corporation takes out the full calculated possible swing range there will be an estimated 3.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $58.94 (0.05%) than the resistance at $59.75 (1.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CMS Energy Corporation stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.477 Buy Candidate Upgraded
Predicted Opening Price for CMS Energy Corporation of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $58.91 ( 0.0961%) | $58.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CMS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 59.54 | 0.97% |
| R2 | 59.30 | 0.564% |
| R1 | 59.15 | 0.312% |
| Price | 58.97 | |
| S1 | 58.67 | -0.504% |
| S2 | 58.52 | -0.756% |
| S3 | 58.28 | -1.16% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 62.93 | 6.72% |
| R2 | 60.28 | 2.22% |
| R1 | 59.75 | 1.32% |
| Price | 58.97 | |
| S1 | 58.94 | -0.0509% |
| S2 | 58.65 | -0.543% |
| S3 | 58.14 | -1.41% |
CMS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 14, 2024 | May 31, 2024 | $0.515 | 0.82% |
| 2 | Feb 01, 2024 | Feb 09, 2024 | Feb 29, 2024 | $0.515 | 0.90% |
| 3 | Oct 20, 2023 | Nov 02, 2023 | Nov 30, 2023 | $0.488 | 0.86% |
| 4 | Jul 21, 2023 | Aug 04, 2023 | Aug 31, 2023 | $0.488 | 0.87% |
| 5 | Jul 21, 2023 | Aug 03, 2023 | Aug 31, 2023 | $0.488 | 0.87% |
FAQ
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