CALM - Cal-Maine Foods

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

Wed 17'th Oct 2018

PERIOD 2018-07-18 - 2018-10-17
CHANGE -0.15%
PRICE $47.08
VOLUME
Sell
TREND
Hold

MV LONG
Sell

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

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Cal-Maine Foods Stock Analysis

Technical stock analysis for Wed 17'th Oct 2018

Sell candidate since 2018-10-17
Shorts 16.80% ( 2018-09-28 )
Cash 209.3 mill
Loans 8.5 mill
Beta 0.48
ROA 14.43

Cal-Maine Foods fell by -0.15% in the last day from $47.15 to $47.08 The price has risen in 7 of the last 10 days and is up by 6.3% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -7 174 shares and in total 351 156 shares bought and sold for approximately $16.53 million.

Trend

Given the current horizontal trend you can expect Cal-Maine Foods with 90% probability to be traded between $44.56 and $52.68 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Click here for today's Top 5 Trending Companies

Signals

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 $47.92. On a fall, the stock will find some support from the short-term average at $45.86. 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. A sales signal was issued from a pivot top point on Tuesday October 16, 2018, which indicates further falls 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.

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Relative Strength Index (RSI)

RSI14 is 48 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 $45.00.

Support: $45.00 Price: $47.08 Resistance: $48.80

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 $0.77 between high and low, or 1.66%. For the last week, the stock has had a daily average volatility of 2.49%.

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

Overall risk:

Very Low Low Medium High Very High

Evaluation

Cal-Maine Foods 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.

Sell Candidate

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CALM $47.08 $-0.07(-0.15%)
CALM is down $0.07 today, but where's it headed in 2019?
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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