Chartwell Retirement Residences Stock Forecast

Chartwell Retirement Residences stock downgraded to Hold/Accumulate
(Updated on May 10, 2024)

CSH-UN.TO Signals & Forecast

The Chartwell Retirement Residences stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $12.71. On a fall, the stock will find some support from the long-term average at approximately $12.51. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -1.86%. 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). 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 Chartwell Retirement Residences stock

Chartwell Retirement Residences finds support from accumulated volume at $12.59 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 $0.270 between high and low, or 2.13%. For the last week the stock has had daily average volatility of 1.69%.

Our recommended stop-loss: $12.28 (-3.05%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)

Trading Expectations (CSH-UN.TO) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Chartwell Retirement Residences to open at $12.75, and during the day (based on 14 day Average True Range), to move between $12.44 and $12.90, which gives a possible trading interval of +/-$0.225 (+/-1.78%) up or down from last closing price. If Chartwell Retirement Residences takes out the full calculated possible swing range there will be an estimated 3.55% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $12.70 (0.24%) than the support at $12.59 (0.63%), 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 Chartwell Retirement Residences stock A Buy?

Chartwell Retirement Residences 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.705 Hold/Accumulate Downgraded

Predicted Opening Price for Chartwell Retirement Residences of Monday, May 13, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.