Carriage Services Inc Stock Forecast
Carriage Services Inc stock price ended at $25.81 on Wednesday, after gaining 0.90%.
(Updated on May 01, 2024)
The Carriage Services Inc stock price gained 0.90% on the last trading day (Wednesday, 1st May 2024), rising from $25.58 to $25.81. During the last trading day the stock fluctuated 2.27% from a day low at $25.42 to a day high of $26.00. The price has risen in 8 of the last 10 days and is up by 10.68% over the past 2 weeks. Volume fell on the last day by -66 thousand shares and in total, 48 thousand shares were bought and sold for approximately $1.23 million. 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 is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Carriage Services Inc stock with a 90% probability to be traded between $23.70 and $27.55 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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CSV Signals & Forecast
The Carriage Services Inc 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 $25.39 and $25.39. 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 Monday, April 29, 2024, and so far it has fallen -1.11%. Further fall is indicated until a new bottom pivot has been found. 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 also not.
Support, Risk & Stop-loss for Carriage Services Inc stock
Carriage Services Inc finds support from accumulated volume at $25.66 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 $0.577 between high and low, or 2.27%. For the last week the stock has had daily average volatility of 2.50%.
Our recommended stop-loss: $24.85 (-3.72%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (CSV) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Carriage Services Inc to open at $25.74, and during the day (based on 14 day Average True Range), to move between $25.09 and $26.53, which gives a possible trading interval of +/-$0.722 (+/-2.80%) up or down from last closing price. If Carriage Services Inc takes out the full calculated possible swing range there will be an estimated 5.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.66 (0.58%) than the resistance at $26.35 (2.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Carriage Services Inc stock A Buy?
Carriage Services Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.367 Hold/Accumulate Unchanged
Predicted Opening Price for Carriage Services Inc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $25.74 ( 0.255%) | $25.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CSV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.32 | 1.98 % | |
| R2 | 26.10 | 1.13 % | ||
| R1 | 25.96 | 0.600 % | ||
| Current price: | 25.81 | |||
| Support | S1 | 25.52 | -1.11 % | |
| S2 | 25.39 | -1.64 % | ||
| S3 | 25.17 | -2.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.58 | 2.98 % | |
| R2 | 26.40 | 2.29 % | ||
| R1 | 26.35 | 2.09 % | ||
| Current price | 25.81 | |||
| Support | S1 | 25.66 | -0.581% | |
| S2 | 25.58 | -0.89% | ||
| S3 | 25.26 | -2.13% |
CSV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | May 03, 2024 | Jun 03, 2024 | $0.113 | 0.436% |
| 2 | Jan 18, 2024 | Feb 02, 2024 | Mar 01, 2024 | $0.113 | 0.461% |
| 3 | Oct 18, 2023 | Nov 03, 2023 | Dec 01, 2023 | $0.110 | 0.475% |
| 4 | Jul 19, 2023 | Aug 04, 2023 | Sep 01, 2023 | $0.113 | 0.366% |
| 5 | Apr 20, 2023 | May 05, 2023 | Jun 01, 2023 | $0.113 | 0.443% |
FAQ
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