Charter Financial Corp. Fund Forecast

Red day on Monday for Charter Financial Corp.
(Updated on Sep 24, 2018)

CHFN Signals & Forecast

The Charter Financial Corp. fund 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 $24.91 and $24.62. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, September 21, 2018, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Charter Financial Corp. fund

Charter Financial Corp. finds support from accumulated volume at $24.73 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%

Our recommended stop-loss: $23.91 (-4.00%) (This fund has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (CHFN) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Charter Financial Corp. to open at $24.91, and during the day (based on 14 day Average True Range), to move between $24.78 and $25.04, which gives a possible trading interval of +/-$0.125 (+/-0.50%) up or down from last closing price. If Charter Financial Corp. takes out the full calculated possible swing range there will be an estimated 1.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $25.04 (0.52%) than the support at $24.73 (0.72%), 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 Charter Financial Corp. fund A Buy?

Charter Financial Corp. 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.

Current score: 0.230 Hold/Accumulate Unchanged

Predicted Opening Price for Charter Financial Corp. of Tuesday, September 25, 2018

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