Chart Industries, Inc. Stock Forecast
Chart Industries, Inc. stock price down 0.415% on Tuesday
(Updated on Jun 25, 2024)
The Chart Industries, Inc. stock price fell by -0.415% on the last day (Tuesday, 25th Jun 2024) from $57.90 to $57.66. During the last trading day the stock fluctuated 0.366% from a day low at $57.45 to a day high of $57.66. The price has fallen in 6 of the last 10 days but is still up by 0.65% over the past 2 weeks. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 thousand shares were bought and sold for approximately $129.91 thousand.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $57.75 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -7.06% during the next 3 months and, with a 90% probability hold a price between $50.37 and $53.68 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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GTLS-PB Signals & Forecast
There are mixed signals in the stock today. The Chart Industries, Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $57.98. On a fall, the stock will find some support from the short-term average at $56.45. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Chart Industries, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 3.99%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Chart Industries, Inc. stock
Chart Industries, Inc. finds support from accumulated volume at $57.43 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.210 between high and low, or 0.366%. For the last week, the stock has had daily average volatility of 0.469%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GTLS-PB) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Chart Industries, Inc. to open at $57.59, and during the day (based on 14 day Average True Range), to move between $56.64 and $58.68, which gives a possible trading interval of +/-$1.02 (+/-1.78%) up or down from last closing price. If Chart Industries, Inc. 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 support from accumulated volume at $57.43 (0.40%) than the resistance at $59.45 (3.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Chart Industries, Inc. stock A Buy?
Chart Industries, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.994 Sell Candidate Unchanged
Predicted Opening Price for Chart Industries, Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $57.59 ( 0.121%) | $57.66 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GTLS-PB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 57.80 | 0.243% |
| R2 | 57.72 | 0.104% |
| R1 | 57.67 | 0.0177% |
| Price | 57.66 | |
| S1 | 57.51 | -0.261% |
| S2 | 57.46 | -0.346% |
| S3 | 57.38 | -0.486% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 61.09 | 5.95% |
| R2 | 60.14 | 4.30% |
| R1 | 59.45 | 3.10% |
| Price | 57.66 | |
| S1 | 57.43 | -0.399% |
| S2 | 57.29 | -0.647% |
| S3 | 55.45 | -3.83% |
GTLS-PB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 30, 2024 | Aug 30, 2024 | Sep 16, 2024 | $0.84 | 1.46% |
| 2 | May 31, 2024 | May 31, 2024 | Jun 17, 2024 | $0.84 | 1.51% |
| 3 | Feb 29, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.84 | 1.47% |
FAQ
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