Chorus Aviation Inc. Stock Forecast
Red day on Wednesday for Chorus Aviation Inc. stock after losing 0%
(Updated on Apr 17, 2024)
No changes to the price of Chorus Aviation Inc. stock on the last trading day (Wednesday, 17th Apr 2024). During the last trading day the stock fluctuated 2.26% from a day low at $2.00 to a day high of $2.04. The price has risen in 5 of the last 10 days but is still down by -0.49% for this period.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -20.54% during the next 3 months and, with a 90% probability hold a price between $1.38 and $1.70 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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CHR.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, March 06, 2024, and so far it has risen 1.00%. 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 gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The Chorus Aviation Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $2.11 and $2.07. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Chorus Aviation Inc. stock
Chorus Aviation Inc. finds support from accumulated volume at $2.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0450 (2.26%) between high and low. For the last week, the stock has had daily average volatility of 2.49%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CHR.TO) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Chorus Aviation Inc. to open at $2.02, and during the day (based on 14 day Average True Range), to move between $1.96 and $2.08, which gives a possible trading interval of +/-$0.0581 (+/-2.88%) up or down from last closing price. If Chorus Aviation Inc. takes out the full calculated possible swing range there will be an estimated 5.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.04 (0.99%) than the support at $2.00 (0.99%), 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 Chorus Aviation Inc. stock A Buy?
Chorus Aviation Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.056 Sell Candidate Unchanged
Predicted Opening Price for Chorus Aviation Inc. of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $2.02 ( 0.0825%) | $2.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CHR.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.06 | 2.15 % | |
| R2 | 2.05 | 1.29 % | ||
| R1 | 2.04 | 0.768 % | ||
| Current price: | 2.02 | |||
| Support | S1 | 2.00 | -0.93 % | |
| S2 | 1.99 | -1.46 % | ||
| S3 | 1.97 | -2.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.09 | 3.47 % | |
| R2 | 2.05 | 1.49 % | ||
| R1 | 2.04 | 0.99 % | ||
| Current price | 2.02 | |||
| Support | S1 | 2.00 | -0.99% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
CHR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 20, 2020 | Mar 30, 2020 | Apr 17, 2020 | $0.0400 | 1.39% |
| 2 | Feb 19, 2020 | Feb 27, 2020 | Mar 17, 2020 | $0.0400 | 1.60% |
| 3 | Jan 22, 2020 | Jan 30, 2020 | Feb 19, 2020 | $0.0400 | 0.517% |
| 4 | Dec 18, 2019 | Dec 30, 2019 | Jan 17, 2020 | $0.0400 | 0.476% |
| 5 | Nov 26, 2019 | Nov 28, 2019 | Dec 17, 2019 | $0.0400 | 0.493% |
FAQ
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