CASEY'S GENERAL STORES INC (CASY) Stock Technical Analysis
USA - NASDAQ:CASY - US1475281036 - Common Stock
We assign a technical rating of 4 out of 10 to CASY. Although CASY is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
CASY has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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434.17
3 important support areas can be observed.
- A support zone ranging from 494.51 to 500.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @460.58 from a trend line in the weekly time frame.
- Support @438.56 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 531.36 to 547.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 561.18 to 567.49. 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 | NEUTRAL | NEUTRAL | The long term trend for CASY is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CASY is down. |
| ChartMill Relative Strength | 72.07 | POSITIVE | CASY has a high relative strength, it outperformed 72.07% 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 | MIXED | The current price of CASY is below 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) | 30.29 | NEUTRAL | The RSI value for CASY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -5.36 | NEGATIVE | The MACD value suggests CASY has a negative trend. |
| Stochastics (14,3) | 11.38 | OVERSOLD | The low Stochastics value suggests CASY may be oversold. |
| Average True Range in percent/ATR (20) | 2.2 | MEDIUM VOLATILITY | The ATR as a percentage value for CASY suggests some volalility. |
| Average Directional Index/ADX (14) | 26.02 | POSITIVE | The high ADX value value for CASY suggests a strong trend. |
513.19
-5.35 (-1.03%)
CASEY'S GENERAL STORES INC / CASY FAQ
What is the technical rating for CASY stock?
ChartMill assigns a technical rating of 4 / 10 to CASY.
What is the trend direction for CASY stock?
The current trend direction for CASEY'S GENERAL STORES INC (CASY) is Bearish.
What is the RSI signal for CASY stock?
CASEY'S GENERAL STORES INC (CASY) has an RSI value of 30.2897. This indicates that the stock is currently neutral.
What is the support and resistance level for CASY stock?
CASEY'S GENERAL STORES INC (CASY) has a support level at 500.27 and a resistance level at 531.36. Check the full technical report for our detailed analysis of CASY support and resistance levels.