CASEY'S GENERAL STORES INC (CASY) Technical Analysis
NASDAQ:CASY • US1475281036
We assign a technical rating of 10 out of 10 to CASY. Both in the recent history as in the last year, CASY has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that CASY is one of the better performing stocks in the market, outperforming 91% of all stocks. We also observe that the gains produced by CASY over the past year are nicely spread over this period.
- CASY is one of the better performing stocks in the Consumer Staples Distribution & Retail industry, it outperforms 91% of 38 stocks in the same industry.
- CASY is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CASY is leading the market.
- In the last month CASY has a been trading in the 627.49 - 696.66 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, CASY also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 678.35. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 673.71, a Stop Loss order could be placed below this zone.
More info and screens
495.27
We found 3 important support areas.
- A support zone ranging from 664.53 to 673.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @580.88 from a trend line in the weekly time frame.
- Support @500.27 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 678.35 to 689.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CASY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CASY is up. |
| ChartMill Relative Strength | 91.83 | POSITIVE | CASY has a high relative strength, it outperformed 91.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CASY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CASY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CASY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.34 | NEUTRAL | The RSI value for CASY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.48 | NEGATIVE | The MACD value suggests CASY has a negative trend. |
| Stochastics (14,3) | 81.51 | OVERBOUGHT | The high Stochastics value suggests CASY may be overbought. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for CASY suggests some volalility. |
| Average Directional Index/ADX (14) | 28.55 | POSITIVE | The high ADX value value for CASY suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 689.94 | 664.52 | 25.42 (3.68%) | 25.00% |
| An entry @689.94. This is a Buy Stop order right above the resistance zone. | An exit @664.52. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 25.42 points, which is 3.68%. | For a 0.92% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CASY. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
CASY Technicals: Chart, Performance Metrics, Trend & Indicators
673.81
-11.19 (-1.63%)
CASEY'S GENERAL STORES INC / CASY FAQ
What is the technical rating for CASY stock?
ChartMill assigns a technical rating of 10 / 10 to CASY.
Can you provide the trend direction for CASEY'S GENERAL STORES INC?
The current trend direction for CASEY'S GENERAL STORES INC (CASY) is Bullish.
What is the RSI signal for CASY stock?
CASEY'S GENERAL STORES INC (CASY) has an RSI value of 55.3383. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CASEY'S GENERAL STORES INC?
The MACD indicator for CASEY'S GENERAL STORES INC (CASY) has a value of -2.48317, indicating a bearish trend.
What is the short term momentum for CASEY'S GENERAL STORES INC (CASY) stock?
The short term momentum for CASEY'S GENERAL STORES INC (CASY) is positive.