CALM - Cal-Maine Foods

Industry: Food - Major Diversified Sector: Consumer Goods Exchange: NASDAQ

Fri 20'th Jul 2018

PERIOD 2018-04-23 - 2018-07-20
CHANGE 0.77%
PRICE $45.95
VOLUME
Buy
TREND
Sell

MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

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Cal-Maine Foods Stock Analysis

Technical stock analysis for Fri 20'th Jul 2018

Sell candidate since 2018-07-10 Loss -2.13%
Shorts 12.82% ( 2018-06-29 )
Cash 335.3 mill
Loans 18.3 mill
Beta 0.55
ROA 2.66

Cal-Maine Foods gained 0.77% in the last trading day, rising from $45.60 to $45.95 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has fallen in 6 of the last 10 days and is down by -2.34% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 134 255 more shares were traded than the day before. In total, 296 097 shares bought and sold for approximately $13.61 million.

Trend

Cal-Maine Foods lies in the lower of a wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $45.04 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.21% during the next 3 months and, with 90% probability hold a price between $44.05 and $50.12 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

A buy signal was issued from a pivot bottom point on Wednesday July 18, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Cal-Maine Foods holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $48.23. On a fall, the stock will find some support from the short-term average at $45.70. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.

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Relative Strength Index (RSI)

RSI14 is 51 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Cal-Maine Foods finds support from accumulated volume at $45.85.

Support: $45.85 Price: $45.95 Resistance: $46.50

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.92 between high and low, or 2.04%. For the last week, the stock has had a daily average volatility of 1.96%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

CALM $45.95 $0.35(0.77%)
CALM is up $0.35 today, but where's it headed in August?
Zacks Investment Research is releasing its prediction for CALM based on the 1-3 month system that more than doubles the S&P 500.

Click here – the CALM analysis is free »
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