Top 10 Books about Stock Investing to read in 2018. Read more.

CASY - Caseys General Stores

Industry: Grocery Stores Sector: Services Exchange: NASDAQ

CASY - Caseys General Stores

Industry: Grocery Stores Sector: Services Exchange: NASDAQ
#2472()/6519

Fri 15'th Jun 2018

PERIOD 2018-03-16 - 2018-06-15
CHANGE 1.74%
PRICE $100.83
VOLUME
Buy
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Request Prediction
0.00%
Predict

Caseys General Stores Stock Analysis

Technical stock analysis for Fri 15'th Jun 2018

Buy candidate since 2018-06-15

Caseys General Stores gained 1.74% in the last trading day, rising from $99.11 to $100.83 The price has been going up and down for this period, and there has been a 4.27% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 162 781 more shares were traded than the day before. In total, 601 946 shares bought and sold for approximately $0.00.

Shorts 5.81% ( 2018-05-31 )
Cash 521.0 mill
Loans 3 311.4 mill
Beta 0.60
ROA 9.27

Trend

Caseys General Stores has broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $97.86, a level that may pose a second chance to hit a runner. According to fan-theory $106.64 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. Caseys General Stores holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $97.94 and $98.52. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday June 11, 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.

Access today's Top 5 Golden Star Companies

A buy signal from a double bottom formation was found on Monday June 11, 2018 with a target of $98.89. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

RSI14 is 66 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Caseys General Stores finds support from accumulated volume at $99.85.

Support: $99.85 Price: $100.83 Resistance: $101.57

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.96 (1.98%) between high and low. For the last week, the stock has had a daily average volatility of 3.75%.

Our recommended stoploss: $96.38 (-4.41%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 4 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Trade CASY CFDs with Plus500

Your capital is at risk.

Important: Plus500 doesn't offer signals and it is a CFD service.
Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).

Access these features

Auto portfolios gaining up to 30%
Top 5 Candidates in all Lists
Ultimate List Builder
Ad-free browsing

Become a PRO Now
Help us IMPROVE our CHARTS HERE.

Last donation

Do you find our website useful too?
Help us improve by making a small donation or
Get PRO features

START FREE 5-DAY TRIAL