Chicken Soup for the Soul Entertainment Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Volatile ride for Chicken Soup for the Soul Entertainment stock price on Tuesday moving between $0.265 and $0.318
(Updated on Apr 30, 2024)
The Chicken Soup for the Soul Entertainment stock price fell by -6.29% on the last day (Tuesday, 30th Apr 2024) from $0.300 to $0.281. During the last trading day the stock fluctuated 19.96% from a day low at $0.265 to a day high of $0.318. The price has been going up and down for this period, and there has been a 87.23% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -16 million shares and in total, 3 million shares were bought and sold for approximately $832.30 thousand.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Chicken Soup for the Soul Entertainment stock with a 90% probability to be traded between $0.141 and $0.427 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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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 $0.257 and $0.175. 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). 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 -33.83%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
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 $0.260 and $0.242. 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 $0.260. If this is broken, then the next support from accumulated volume will be at $0.242 and $0.212.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0529 between high and low, or 19.96%. For the last week the stock has had daily average volatility of 51.54%.
Our recommended stop-loss: $0.265 (-5.80%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (CSSE) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Chicken Soup for the Soul Entertainment Inc to open at $0.288, and during the day (based on 14 day Average True Range), to move between $0.228 and $0.335, which gives a possible trading interval of +/-$0.0537 (+/-19.10%) 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 38.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.300 (6.72%) than the support at $0.260 (7.60%), 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 Chicken Soup for the Soul Entertainment Inc stock A Buy?
Several short-term signals 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 period.
Current score: 2.940 Buy Candidate Unchanged
Predicted Opening Price for Chicken Soup for the Soul Entertainment Inc of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $0.288 ( 2.38%) | $0.281 |
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 | 0.341 | 21.18 % | |
| R2 | 0.321 | 14.00 % | ||
| R1 | 0.308 | 9.56 % | ||
| Current price: | 0.281 | |||
| Support | S1 | 0.268 | -4.80 % | |
| S2 | 0.255 | -9.24 % | ||
| S3 | 0.235 | -16.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.300 | 6.72 % | ||
| Current price | 0.281 | |||
| Support | S1 | 0.260 | -7.60% | |
| S2 | 0.242 | -14.07% | ||
| S3 | 0.212 | -24.66% |
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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