CASEY'S GENERAL STORES INC (CASY) Stock Technical Analysis
NASDAQ:CASY - Nasdaq - US1475281036 - Common Stock - Currency: USD
Taking everything into account, CASY scores 9 out of 10 in our technical rating. In the last year, CASY was one of the better performers, but we do observe some doubts in the very recent evolution.
CASY has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 460.08. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 445.40, a Stop Loss order could be placed below this zone.
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378.98
We found 4 important support areas.
- A support zone ranging from 438.40 to 445.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @430.85 from a horizontal line in the daily time frame.
- Support @415.09 from a trend line in the weekly time frame.
- A support zone ranging from 382.81 to 388.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 460.08 to 467.21. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for CASY is neutral. |
| ChartMill Relative Strength | 89.27 | POSITIVE | CASY has a high relative strength, it outperformed 89.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CASY is below a declining 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) | 48.64 | NEUTRAL | The RSI value for CASY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.37 | NEGATIVE | The MACD value suggests CASY has a negative trend. |
| Stochastics (14,3) | 37.22 | NEUTRAL | The Stochastics value for CASY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for CASY suggests some volalility. |
| Average Directional Index/ADX (14) | 15.45 | NEGATIVE | The low ADX value for CASY suggests a weak or negative 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 |
|---|---|---|---|
| 467.22 | 438.39 | 28.83 (6.17%) | 16.21% |
| An entry @467.22. This is a Buy Stop order right above the resistance zone. | An exit @438.39. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 28.83 points, which is 6.17%. | When investing 16.21% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
445.73
+1.68 (+0.38%)