Fri 15'th Jun 2018
Caseys General Stores Stock Analysis
Technical stock analysis for Fri 15'th Jun 2018
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 )|
|Loans||3 311.4 mill|
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.
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.
Relative Strength Index (RSI)
RSI14 is 66 and the stock is currently not being overbought or oversold
Support & Resistance
Caseys General Stores finds support from accumulated volume at $99.85.
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.)
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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.
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