The Children's Place, Inc. Stock Forecast

High volatility in The Children's Place, Inc. stock price on Wednesday which ended trading at $8.28
(Updated on Apr 17, 2024)

PLCE Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 16.46%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The The Children's Place, Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $12.58. On a fall, the stock will find some support from the short-term average at $7.94. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for The Children's Place, Inc. stock

The Children's Place, Inc. finds support from accumulated volume at $7.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $3.39 between high and low, or 42.31%. For the last week, the stock has had daily average volatility of 17.52%.

The Children's Place, Inc. is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PLCE) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect The Children's Place, Inc. to open at $9.23, and during the day (based on 14 day Average True Range), to move between $6.84 and $9.72, which gives a possible trading interval of +/-$1.44 (+/-17.34%) up or down from last closing price. If The Children's Place, Inc. takes out the full calculated possible swing range there will be an estimated 34.68% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $8.46 (2.17%) than the support at $7.90 (4.59%), 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 The Children's Place, Inc. stock A Buy?

The Children's Place, 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -3.310 Sell Candidate Upgraded

Predicted Opening Price for The Children's Place, Inc. of Thursday, April 18, 2024

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