CMS Energy Corp Stock Forecast
CMS Energy Corp stock price ended at $24.22 on Tuesday, after gaining 0.0153%.
(Updated on Jun 25, 2024)
The CMS Energy Corp stock price gained 0.0153% on the last trading day (Tuesday, 25th Jun 2024), rising from $24.22 to $24.22. During the last trading day the stock fluctuated 0.703% from a day low at $24.19 to a day high of $24.36. The price has risen in 5 of the last 10 days but is still down by -0.07% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 18 thousand more shares were traded than the day before. In total, 72 thousand shares were bought and sold for approximately $1.75 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 $24.35 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 -2.07% during the next 3 months and, with a 90% probability hold a price between $23.04 and $23.85 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). Volume is rising along with the price. This is considered to be a good technical signal. 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. 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 $24.26 and $24.31. 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 -1.01%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for CMS Energy Corp stock
CMS Energy Corp finds support from accumulated volume at $24.22 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 0.703%. For the last week the stock has had daily average volatility of 0.623%.
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 Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect CMS Energy Corp to open at $24.26, and during the day (based on 14 day Average True Range), to move between $24.00 and $24.45, which gives a possible trading interval of +/-$0.224 (+/-0.92%) up or down from last closing price. If CMS Energy Corp takes out the full calculated possible swing range there will be an estimated 1.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $24.22 (0.02%) than the resistance at $24.30 (0.31%), 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 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: -2.581 Sell Candidate Unchanged
Predicted Opening Price for CMS Energy Corp of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $24.26 ( 0.141%) | $24.22 |
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 | 24.43 | 0.84% |
| R2 | 24.36 | 0.575% |
| R1 | 24.32 | 0.409% |
| Price | 24.22 | |
| S1 | 24.19 | -0.127% |
| S2 | 24.15 | -0.293% |
| S3 | 24.09 | -0.561% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.77 | 2.26% |
| R2 | 24.43 | 0.85% |
| R1 | 24.30 | 0.315% |
| Price | 24.22 | |
| S1 | 24.22 | -0.0153% |
| S2 | 24.17 | -0.222% |
| S3 | 24.09 | -0.552% |
CMSD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 16, 2024 | Aug 16, 2024 | Sep 03, 2024 | $0.367 | 1.52% |
| 2 | May 16, 2024 | May 16, 2024 | Jun 03, 2024 | $0.367 | 1.50% |
| 3 | Feb 14, 2024 | Feb 14, 2024 | Mar 01, 2024 | $0.367 | 1.48% |
| 4 | Nov 15, 2023 | Nov 15, 2023 | Nov 15, 2023 | $0.367 | 1.54% |
| 5 | Aug 16, 2023 | Aug 16, 2023 | Sep 01, 2023 | $0.367 | 1.53% |
FAQ
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