The Children's Place, Inc. Stock Forecast
The Children's Place, Inc. stock price fell more than -5.39% Friday closing at $25.63
(Updated on Sep 22, 2023)
The The Children's Place, Inc. stock price fell by -5.39% on the last day (Friday, 22nd Sep 2023) from $27.09 to $25.63. During the last trading day the stock fluctuated 7.48% from a day low at $25.55 to a day high of $27.46. The price has risen in 6 of the last 10 days and is up by 11.87% over the past 2 weeks. Volume has increased on the last day by 158 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, 477 thousand shares were bought and sold for approximately $12.23 million.
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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 The Children's Place, Inc. stock with a 90% probability to be traded between $23.20 and $32.51 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.
PLCE Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, September 08, 2023, and so far it has risen 11.87%. Further rise is indicated until a new top pivot has been found. 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 sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $26.09 and $26.45. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for The Children's Place, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $23.82 and $23.21. 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, The Children's Place, Inc. finds support just below today's level at $23.82. If this is broken, then the next support from accumulated volume will be at $23.21 and $21.04.
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 $1.91 between high and low, or 7.48%. For the last week, the stock has had daily average volatility of 5.31%.
Our recommended stop-loss: $24.83 (-3.14%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (PLCE) For The Upcoming Trading Day Of Monday 25th
For the upcoming trading day on Monday, 25th we expect The Children's Place, Inc. to open at $26.21, and during the day (based on 14 day Average True Range), to move between $24.22 and $27.04, which gives a possible trading interval of +/-$1.41 (+/-5.50%) up or down from last closing price. If The Children's Place, Inc. takes out the full calculated possible swing range there will be an estimated 11.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $26.22 (2.30%) than the support at $23.82 (7.06%), 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 The Children's Place, Inc. stock A Buy?
The Children's Place, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.739 Open Broker Account
Hold/Accumulate DowngradedPredicted Opening Price for The Children's Place, Inc. of Monday, September 25, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price September 25, 2023 | Current price |
|---|---|
| $26.21 | $25.63 (Undervalued) |
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Trading levels for PLCE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.12 | 9.73 % | |
| R2 | 27.39 | 6.88 % | ||
| R1 | 26.94 | 5.12 % | ||
| Current price: | 25.63 | |||
| Support | S1 | 25.48 | -0.571 % | |
| S2 | 25.03 | -2.33 % | ||
| S3 | 24.30 | -5.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.26 | 10.26 % | |
| R2 | 26.51 | 3.43 % | ||
| R1 | 26.22 | 2.30 % | ||
| Current price | 25.63 | |||
| Support | S1 | 23.82 | -7.06% | |
| S2 | 23.21 | -9.44% | ||
| S3 | 21.04 | -17.91% |
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About The Children's Place, Inc.
The Children's Place, Inc. operates as a children's specialty apparel retailer. The company operates in two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, footwear, accessories, and other items for children; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, Baby Place, Gymboree, and Sugar & Jade brand names. As of January 29, 2022, the com... PLCE Profile
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