CMS Energy Corp Stock Forecast
Red day on Monday for CMS Energy Corp
(Updated on Jun 17, 2024)
The CMS Energy Corp stock price fell by -0.246% on the last day (Monday, 17th Jun 2024) from $24.36 to $24.30. During the last trading day the stock fluctuated 0.80% from a day low at $24.19 to a day high of $24.38. The price has been going up and down for this period, and there has been a -0.57% loss for the last 2 weeks. Volume has increased on the last day by 416 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, 446 thousand shares were bought and sold for approximately $10.84 million.
The stock lies the upper part of a narrow and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $24.37 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.82% during the next 3 months and, with a 90% probability hold a price between $22.87 and $23.68 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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CMSD Signals & Forecast
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. The CMS Energy Corp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $24.34 and $24.34. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -0.695%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for CMS Energy Corp stock
CMS Energy Corp finds support from accumulated volume at $24.28 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 $0.194 between high and low, or 0.80%. For the last week the stock has had daily average volatility of 0.92%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CMSD) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect CMS Energy Corp to open at $24.29, and during the day (based on 14 day Average True Range), to move between $24.04 and $24.56, which gives a possible trading interval of +/-$0.256 (+/-1.05%) up or down from last closing price. If CMS Energy Corp takes out the full calculated possible swing range there will be an estimated 2.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $24.31 (0.04%) than the support at $24.28 (0.08%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is CMS Energy Corp stock A Buy?
CMS Energy Corp holds several negative signals and is within a narrow 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: -3.543 Sell Candidate Unchanged
Predicted Opening Price for CMS Energy Corp of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $24.29 ( 0.0358%) | $24.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CMSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.49 | 0.762% |
| R2 | 24.41 | 0.457% |
| R1 | 24.37 | 0.269% |
| Price | 24.30 | |
| S1 | 24.22 | -0.341% |
| S2 | 24.17 | -0.529% |
| S3 | 24.10 | -0.83% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.77 | 1.93% |
| R2 | 24.43 | 0.535% |
| R1 | 24.31 | 0.0412% |
| Price | 24.30 | |
| S1 | 24.28 | -0.0823% |
| S2 | 24.27 | -0.123% |
| S3 | 24.09 | -0.86% |
CMSD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | Jun 03, 2024 | $0.367 | 1.50% |
| 2 | Feb 14, 2024 | Feb 14, 2024 | Mar 01, 2024 | $0.367 | 1.48% |
| 3 | Nov 15, 2023 | Nov 15, 2023 | Nov 15, 2023 | $0.367 | 1.54% |
| 4 | Aug 16, 2023 | Aug 16, 2023 | Sep 01, 2023 | $0.367 | 1.53% |
| 5 | Aug 07, 2023 | May 16, 2023 | Jun 01, 2023 | $0.367 | 1.51% |
FAQ
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