Chicken Soup for the Soul Entertainment Stock Forecast
Volatile ride for Chicken Soup for the Soul Entertainment stock price on Wednesday moving between $0.280 and $0.375
(Updated on May 01, 2024)
The Chicken Soup for the Soul Entertainment stock price gained 21.43% on the last trading day (Wednesday, 1st May 2024), rising from $0.281 to $0.342. During the last trading day the stock fluctuated 33.88% from a day low at $0.280 to a day high of $0.375. The price has risen in 6 of the last 10 days and is up by 143.72% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 million more shares were traded than the day before. In total, 8 million shares were bought and sold for approximately $2.80 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.87% during the next 3 months and, with a 90% probability hold a price between $0.150 and $0.448 at the end of this 3-month period.
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CSSE Signals & Forecast
The Chicken Soup for the Soul Entertainment stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.286 and $0.180. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -19.66%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Chicken Soup for the Soul Entertainment stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.300 and $0.281. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Chicken Soup for the Soul Entertainment finds support just below today's level at $0.300. If this is broken, then the next support from accumulated volume will be at $0.281 and $0.260.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0949 between high and low, or 33.88%. For the last week, the stock has had daily average volatility of 28.80%.
Our recommended stop-loss: $0.322 (-5.72%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (CSSE) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Chicken Soup for the Soul Entertainment Inc to open at $0.332, and during the day (based on 14 day Average True Range), to move between $0.285 and $0.398, which gives a possible trading interval of +/-$0.0566 (+/-16.58%) 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 33.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.300 (12.12%) than the resistance at $0.425 (24.47%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Chicken Soup for the Soul Entertainment stock to perform well in the short-term.
Current score: 4.038 Buy Candidate Unchanged
Predicted Opening Price for Chicken Soup for the Soul Entertainment Inc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $0.332 ( 2.76%) | $0.342 |
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 | 0.427 | 25.01 % | |
| R2 | 0.391 | 14.40 % | ||
| R1 | 0.369 | 7.85 % | ||
| Current price: | 0.342 | |||
| Support | S1 | 0.296 | -13.37 % | |
| S2 | 0.274 | -19.92 % | ||
| S3 | 0.237 | -30.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.425 | 24.47 % | ||
| Current price | 0.342 | |||
| Support | S1 | 0.300 | -12.12% | |
| S2 | 0.281 | -17.65% | ||
| S3 | 0.260 | -23.91% |
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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