Casey's General Stores (CASY, $210.72) earnings forecast on March 7
Convenience store business Casey's General Stores is based in the United States and has locations in 16 states in the Midwest and South. On Tuesday, March 7, the company is scheduled to disclose its results forecast, which will give information about how financially the company performed during the previous three months. Recent market indicators, however, indicate that the stock may be destined for a decline.
On February 2, 2023, the Momentum Indicator for Casey's General Stores (CASY) moved below the 0 level. This is a technical indicator that is often used by traders to identify shifts in momentum and potential trend changes. When the Momentum Indicator moves below 0, it can indicate that the stock is shifting into a new downward move.
Traders who follow technical analysis may want to consider selling the stock or exploring put options in anticipation of a potential decline. According to Tickeron's A.I.dvisor, a market analysis platform that uses artificial intelligence to predict market trends, there have been 89 similar instances where the Momentum Indicator turned negative for CASY. In 45 of those cases, the stock moved further down in the following days. This gives the odds of a decline at 51%.
It's also important to note that the upcoming earnings forecast for Casey's General Stores could impact the stock's price, regardless of the Momentum Indicator. If the company reports strong earnings, investors may be more likely to buy the stock, even if technical indicators suggest a potential decline.
CASY in upward trend: price rose above 50-day moving average on October 08, 2024
CASY moved above its 50-day moving average on October 08, 2024 date and that indicates a change from a downward trend to an upward trend. In of 50 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 08, 2024. You may want to consider a long position or call options on CASY as a result. In of 88 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for CASY just turned positive on October 08, 2024. Looking at past instances where CASY's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for CASY crossed bullishly above the 50-day moving average on October 08, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 18 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CASY advanced for three days, in of 330 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CASY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CASY broke above its upper Bollinger Band on October 09, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 74, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CASY’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.959) is normal, around the industry mean (12.064). P/E Ratio (25.056) is within average values for comparable stocks, (36.044). Projected Growth (PEG Ratio) (2.144) is also within normal values, averaging (2.650). Dividend Yield (0.005) settles around the average of (0.034) among similar stocks. P/S Ratio (0.809) is also within normal values, averaging (18.679).
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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General Information
an operator of convenience stores and gasoline stations
Industry SpecialtyStores