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CASY - Caseys General Stores

Industry: Grocery Stores Sector: Services Exchange: NASDAQ

CASY - Caseys General Stores

Industry: Grocery Stores Sector: Services Exchange: NASDAQ
#5177()/6711

Fri 23'rd Feb 2018

PERIOD 2017-11-24 - 2018-02-23
CHANGE -0.52%
PRICE $112.13
VOLUME
Buy
TREND
Hold

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

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Caseys General Stores Stock Analysis

Technical stock analysis for Fri 23'rd Feb 2018

Shorts 7.18% ( 2018-01-31 )
Cash 636.7 mill
Loans 4 241.8 mill
Beta 0.57
ROA 4.85
Sell candidate since 2018-02-20 Loss -2.79%

Caseys General Stores fell by -0.52% in the last day from $112.72 to $112.13 and has now fallen 5 days in a row. The price has fallen in 6 of the last 10 days and is down by -0.39% for this period. Volume has increased in the last day by 129 060 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 397 733 shares bought and sold for approximately $44.60 million.

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Trend

Given the current horizontal trend you can expect Caseys General Stores with 90% probability to be traded between $103.37 and $126.56 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.

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Signals

There are few to none technical positive signals at the moment. Caseys General Stores holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $114.24 and $119.07. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday February 16, 2018, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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Relative Strength Index (RSI)

RSI14 is 37 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 $107.86. On the upside the stock meets some resistance from accumulated volume at $120.21, $124.25 and $127.73.

Support: $107.86 Price: $112.13 Resistance: $120.21

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 $2.02 between high and low, or 1.81%. For the last week, the stock has had a daily average volatility of 1.99%.

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

Caseys General Stores holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

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