Fri 23'rd Feb 2018
Caseys General Stores Stock Analysis
Technical stock analysis for Fri 23'rd Feb 2018
|Shorts||7.18% ( 2018-01-31 )|
|Loans||4 241.8 mill|
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.
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.
Relative Strength Index (RSI)
RSI14 is 37 and the stock is currently not being overbought or oversold
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.
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.
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