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The Children's Place, Inc. Stock Forecast NASDAQ:PLCE

$84.42 (-1.19%)

Volume: 269k

Closed: September 28, 2021

Score: -1.878

The Children's Place, Inc. Stock Forecast

$84.42 (-1.19%)

Volume: 269k

Closed: September 28, 2021

Score -1.878
Which way will PLCE go? Request
Stop-loss: $15.17 (-3.19%)
Key Stats
P/E Ratio 23.35
Beta 1.23
Trailing Dividend Rate 3.74% ($0.59)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 56 and the stock is currently not being overbought or oversold

Red day on Tuesday for The Children's Place, Inc. stock after losing 1.19%
(Updated on September 28, 2021)


Sell candidate since 2021-09-24 Gain 1.49%

The The Children's Place, Inc. stock price fell by -1.19% on the last day (Tuesday, 28th Sep 2021) from $85.44 to $84.42. During the day the stock fluctuated 3.27% from a day low at $83.38 to a day high of $86.11. The price has risen in 6 of the last 10 days and is up by 7.23% over the past 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 -323 thousand shares and in total, 269 thousand shares were bought and sold for approximately $22.69 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.43% during the next 3 months and, with a 90% probability hold a price between $68.90 and $94.84 at the end of this 3-month period.

Signals & Forecast

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 The Children's Place, 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 $89.65. On a fall, the stock will find some support from the short-term average at $84.25. 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. A sell signal was issued from a pivot top point on Thursday, September 23, 2021, and so far it has fallen -2.84%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

The Children's Place, Inc. finds support from accumulated volume at $84.33 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 $2.73 between high and low, or 3.27%. For the last week, the stock has had a daily average volatility of 3.90%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is The Children's Place, Inc. stock A Buy?

The Children's Place, 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: -1.878

Predicted Opening Price for The Children's Place, Inc. of Wednesday, September 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price September 29, 2021 Current price
$84.64 $84.42 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On August 19, 2021 "Citigroup" gave "$95.00 - $105.00" rating for PLCE. The price target was changed from $94.00 to 6.5%.

Volatility and Risk
Daily Average Volatility: 3.90 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.90 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $87.35
Price: $84.42
Support: $84.33

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 87.36 3.48 %
86.32 2.25 %
85.68 1.49 %
Current price: 84.42
Support 83.59 -0.98 %
82.95 -1.74 %
81.91 -2.97 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 94.00 11.35 %
89.41 5.91 %
87.35 3.47 %
Current price 84.42
Support 84.33 -0.11%
83.16 -1.49%
79.16 -6.23%

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About The Children's Place, Inc.

The Children The Children's Place, Inc. operates as a children's specialty apparel retailer. The company sells apparel, accessories, footwear, and other items for children; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, and Baby Place brand names. As of January 30, 2016, it operated 1,069 stores in the United States, Canada, and Puerto Rico; and 102 international points of distribution operated ... Read more

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