RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CHK
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Chesapeake Energy Corporation stock downgraded from Strong Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 15, 2024 Gain 13.75% PDF

The Chesapeake Energy Corporation stock price gained 1.25% on the last trading day (Thursday, 28th Mar 2024), rising from $87.73 to $88.83. During the last trading day the stock fluctuated 1.53% from a day low at $87.78 to a day high of $89.12. The price has risen in 8 of the last 10 days and is up by 5.25% 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, 344 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $174.34 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.62% during the next 3 months and, with a 90% probability hold a price between $91.87 and $103.18 at the end of this 3-month period.

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CHK Signals & Forecast

The Chesapeake Energy Corporation 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 $86.83 and $82.45. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 17.89%. 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 Chesapeake Energy Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $83.85 and $83.47. 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, Chesapeake Energy Corporation finds support just below today's level at $83.85. If this is broken, then the next support from accumulated volume will be at $83.47 and $79.62.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.34 (1.53%) between high and low. For the last week, the stock has had daily average volatility of 1.75%.

Our recommended stop-loss: $85.79 (-3.42%) (This stock has low daily movements and this gives low risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from a pivot bottom found 37 days ago.)

Trading Expectations (CHK) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Chesapeake Energy Corporation to open at $88.58, and during the day (based on 14 day Average True Range), to move between $87.13 and $90.53, which gives a possible trading interval of +/-$1.70 (+/-1.91%) up or down from last closing price. If Chesapeake Energy Corporation takes out the full calculated possible swing range there will be an estimated 3.82% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $83.85, some $4.98 (5.61%) from the current price of $88.83, our system finds the risk reward attractive.

Is Chesapeake Energy Corporation stock A Buy?

Chesapeake Energy Corporation 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 Strong 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 Chesapeake Energy Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$88.58 ( 0.285%) $88.83

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

Trading levels for CHK

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 89.92 1.22 %
R2 89.40 0.647 %
R1 89.09 0.291 %
Current price: 88.83
Support S1 88.06 -0.86 %
S2 87.75 -1.22 %
S3 87.24 -1.79 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 88.83
Support S1 83.85 -5.61%
S2 83.47 -6.03%
S3 79.62 -10.37%

CHK Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 20, 2024 Mar 06, 2024 Mar 26, 2024 $0.580 0.677%
2 Oct 31, 2023 Nov 15, 2023 Dec 06, 2023 $0.575 0.778%
3 Aug 01, 2023 Aug 16, 2023 Sep 06, 2023 $0.575 0.650%
4 May 02, 2023 May 17, 2023 Jun 06, 2023 $1.18 1.49%
5 Feb 21, 2023 Mar 06, 2023 Mar 23, 2023 $1.29 1.76%

FAQ

What is the symbol for Chesapeake Energy Corporation Stock and on which exchange is it traded?
The symbol for Chesapeake Energy Corporation is CHK and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Chesapeake Energy Corporation Stock?
Chesapeake Energy Corporation 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 Strong Buy to a Hold/Accumulate candidate.

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

What's the current price of Chesapeake Energy Corporation Stock?
As of the end of day on the 2024-03-28, the price of an Chesapeake Energy Corporation (CHK) share was $88.83.

What is the 52-week high and low for Chesapeake Energy Corporation Stock?
The 52-week high for Chesapeake Energy Corporation Stock is $91.00 and the 52-week low is $72.84.

What is the market capitalization of Chesapeake Energy Corporation Stock?
As of the 2024-03-28, the market capitalization of Chesapeake Energy Corporation is 11.619B.

When is the next earnings date for Chesapeake Energy Corporation?
The upcoming earnings date for Chesapeake Energy Corporation is May 07, 2024.
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About Chesapeake Energy Corporation

Chesapeake Energy Chesapeake Energy Corporation, an independent exploration and production company, engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids from underground reservoirs in the United States. The company holds interests in natural gas resource plays in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in northwestern L... CHK Profile

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