Chicken Soup for the Soul Entertainment Stock Forecast
Chicken Soup for the Soul Entertainment stock upgraded to Sell Candidate.
(Updated on Apr 18, 2024)
The Chicken Soup for the Soul Entertainment stock price gained 1.36% on the last trading day (Thursday, 18th Apr 2024), rising from $0.140 to $0.142. During the last trading day the stock fluctuated 7.57% from a day low at $0.140 to a day high of $0.151. The price has risen in 5 of the last 10 days but is still down by -5.2% for this period. Volume fell on the last day by -183 thousand shares and in total, 112 thousand shares were bought and sold for approximately $15.94 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 lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.139 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -20.50% during the next 3 months and, with a 90% probability hold a price between $0.111 and $0.145 at the end of this 3-month period.
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CSSE Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.36%. 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. The Chicken Soup for the Soul Entertainment 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 $0.151 and $0.161. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for Chicken Soup for the Soul Entertainment stock
Chicken Soup for the Soul Entertainment finds support from accumulated volume at $0.140 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 $0.0106 between high and low, or 7.57%. For the last week the stock has had daily average volatility of 11.69%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CSSE) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Chicken Soup for the Soul Entertainment Inc to open at $0.144, and during the day (based on 14 day Average True Range), to move between $0.126 and $0.158, which gives a possible trading interval of +/-$0.0163 (+/-11.46%) up or down from last closing price. If Chicken Soup for the Soul Entertainment Inc takes out the full calculated possible swing range there will be an estimated 22.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.140 (1.34%) than the resistance at $0.153 (7.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Chicken Soup for the Soul Entertainment Inc stock A Buy?
Chicken Soup for the Soul Entertainment holds several negative signals and is within a very wide 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.179 Sell Candidate Upgraded
Predicted Opening Price for Chicken Soup for the Soul Entertainment Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $0.144 ( 1.50%) | $0.142 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CSSE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.155 | 8.96 % | |
| R2 | 0.151 | 6.11 % | ||
| R1 | 0.148 | 4.35 % | ||
| Current price: | 0.142 | |||
| Support | S1 | 0.140 | -1.35 % | |
| S2 | 0.138 | -3.11 % | ||
| S3 | 0.134 | -5.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.175 | 23.15 % | |
| R2 | 0.170 | 19.63 % | ||
| R1 | 0.153 | 7.39 % | ||
| Current price | 0.142 | |||
| Support | S1 | 0.140 | -1.34% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
CSSE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 17, 2020 | Aug 28, 2020 | Sep 15, 2020 | $0.203 | 1.54% |
| 2 | Oct 30, 2018 | Oct 30, 2018 | Oct 30, 2018 | $0.203 | 2.18% |
| 3 | Jul 30, 2018 | Aug 03, 2018 | Aug 10, 2018 | $0.450 | 4.93% |
FAQ
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