RSI low/high Values: [ 25 - 75 ]
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AI Analysis of CHDN
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Evaluation of Churchill Downs stock downgraded after the last trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 20, 2024 Gain 3.07% PDF

The Churchill Downs stock price gained 2.91% on the last trading day (Wednesday, 27th Mar 2024), rising from $120.77 to $124.28. During the last trading day the stock fluctuated 2.84% from a day low at $121.00 to a day high of $124.44. The price has risen in 6 of the last 10 days and is up by 9.43% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 201 thousand more shares were traded than the day before. In total, 480 thousand shares were bought and sold for approximately $59.65 million.

Given the current short-term trend, the stock is expected to fall -9.68% during the next 3 months and, with a 90% probability hold a price between $98.19 and $112.25 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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CHDN Signals & Forecast

The Churchill Downs stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $119.58 and $118.40. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 06, 2024, and so far it has risen 10.98%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Churchill Downs stock

On the downside, the stock finds support just below today's level from accumulated volume at $117.43 and $117.37. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Churchill Downs finds support just below today's level at $117.43. If this is broken, then the next support from accumulated volume will be at $117.37 and $113.15.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.44 between high and low, or 2.84%. For the last week, the stock has had daily average volatility of 2.18%.

Our recommended stop-loss: $118.78 (-4.42%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)

Trading Expectations (CHDN) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Churchill Downs to open at $123.24, and during the day (based on 14 day Average True Range), to move between $121.39 and $127.17, which gives a possible trading interval of +/-$2.89 (+/-2.32%) up or down from last closing price. If Churchill Downs takes out the full calculated possible swing range there will be an estimated 4.65% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $124.94 (0.53%) than the support at $117.43 (5.51%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Churchill Downs stock A Buy?

Churchill Downs holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Churchill Downs of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$123.24 ( 0.84%) $124.28

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for CHDN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 126.68 1.93 %
R2 125.37 0.87 %
R1 124.55 0.221 %
Current price: 124.28
Support S1 121.93 -1.89 %
S2 121.11 -2.55 %
S3 119.80 -3.60 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 127.13 2.29 %
R2 125.16 0.708 %
R1 124.94 0.531 %
Current price 124.28
Support S1 117.43 -5.51%
S2 117.37 -5.56%
S3 113.15 -8.96%

CHDN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Nov 30, 2023 Nov 30, 2023 Jan 05, 2024 $0.357 0.281%
2 Oct 26, 2022 Dec 01, 2022 Jan 06, 2023 $0.714 0.657%
3 Oct 27, 2021 Dec 02, 2021 Jan 07, 2022 $0.667 0.578%
4 Oct 28, 2020 Dec 03, 2020 Jan 06, 2021 $0.622 0.605%
5 Oct 30, 2019 Dec 05, 2019 Jan 03, 2020 $0.581 0.86%

FAQ

What is the symbol for Churchill Downs Stock and on which exchange is it traded?
The symbol for Churchill Downs is CHDN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Churchill Downs Stock?
Churchill Downs holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Churchill Downs Stock?
Churchill Downs Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Churchill Downs Stock.

What's the current price of Churchill Downs Stock?
As of the end of day on the 2024-03-27, the price of an Churchill Downs (CHDN) share was $124.28.

What is the 52-week high and low for Churchill Downs Stock?
The 52-week high for Churchill Downs Stock is $300.90 and the 52-week low is $106.45.

What is the market capitalization of Churchill Downs Stock?
As of the 2024-03-27, the market capitalization of Churchill Downs is 9.157B.

When is the next earnings date for Churchill Downs?
The upcoming earnings date for Churchill Downs is Apr 24, 2024.
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About Churchill Downs

Churchill Downs Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming. As of December 31, 2021, the company owned and operated three pari-mutuel gaming entertainment venues with approximately 3,050 historical racing machines (HRMs) in Kentucky; TwinSpires, an online wagering platform for horse racing, sports,... CHDN Profile

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