CASY Price Prediction Next Week
Based on the provided data and technical indicators, here's the analysis for CASY's price movement for next week:
Technical Analysis
The current RSI(14) reading of 61.75 indicates a moderately bullish momentum but not yet overbought. The MACD value of 6.93 suggests positive momentum. The stock is trading above both its 20-day moving average ($410.11) and 200-day moving average ($379.12), indicating a strong upward trend.
Fibonacci Analysis Key levels for next week:
- Resistance 3: $454.76
- Resistance 2: $442.54
- Resistance 1: $434.99
- Pivot: $422.77
- Support 1: $410.55
- Support 2: $403.00
- Support 3: $390.78
News Sentiment Recent news shows positive fundamental factors:
- Strong EPS growth of 22% compound annual growth over three years
- Solid revenue growth of 2.6% to $15 billion
- Reasonable CEO compensation below industry median
- Strong insider ownership worth $87 million indicating alignment with shareholders
Price Prediction Based on technical and fundamental analysis:
- Base case (60% probability): Stock likely to test Resistance 1 at $434.99
- Bullish case (25% probability): Break above R1 to test R2 at $442.54
- Bearish case (15% probability): Pull back to Support 1 at $410.55
Trading Recommendation BUY with entry point at current market price ($422.77 pivot level) Target: $434.99 (R1) Stop loss: $410.55 (S1) Risk/Reward ratio: 1:1.8
The strong fundamentals, positive technical indicators, and institutional confidence support an upward movement, though traders should be mindful of broader market volatility.
CASY Similar Chart Price Prediction
The price of CASY is predicted to go up -11.79%, based on the high correlation periods with DSGR. The similarity of these two price pattern on the periods is 97.78%.
CASY
DSGR
Down: -11.79%Similarity: 97.78%
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CASY Analyst's Forecast
Kelly Bania
BMO Capital
Hold
2024-12-18
Price Target
$400 → $450
Upside
+10.4%
BMO Capital resumed coverage of Casey's General Stores with a Market Perform rating with a price target of $450, up from $400. The company has executed exceptionally well on several fronts in recent years, driving same-store sales outperformance relative to convenience-store peers and helped by the company's strong Prepared Food offering and focus on new item innovation, though this outperformance is reflected in valuation, particularly with fuel margins displaying a pattern of normalization, the analyst tells investors in a research note.
Chuck Grom
Gordon Haskett
Hold
2024-11-04
Price Target
$400
Upside
+4.96%
Karen Short
Melius Research
Strong Buy
2024-09-23
Price Target
$435
Upside
+15.1%
