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CPK Stock Tickeron detected bearish Stock Pattern: Wedge Rising CPK on December 17, 2024, netting in a 5.89% gain over 1 month

A.I.dvisor
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+5.89% Gain from a Successful pattern Wedge Rising
CPK - Chesapeake Utilities
Tickeron
Ticker: CPK
Company: Chesapeake Utilities
Gain from shortening: +5.89%
Confirmed: 12/17/24
Succeeded: 12/19/24
Total length: 38 days
On November 11, 2024, A.I.dvisor detected a Wedge Rising Pattern (Bearish) for Chesapeake Utilities (CPK, $125.80). 36 days later, on December 17, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On December 19, 2024, the stock hit the target price of $116.57 – resulting in a gain for traders who shorted the stock on the pattern detection date.

CPK sees MACD Histogram just turned negative

CPK saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on December 04, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 49 instances where the indicator turned negative. In of the 49 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 06, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on CPK as a result. In of 106 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

CPK moved below its 50-day moving average on December 18, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for CPK crossed bearishly below the 50-day moving average on December 20, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CPK declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CPK advanced for three days, in of 308 cases, the price rose further within the following month. The odds of a continued upward trend are .

CPK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 232 cases where CPK Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock slightly better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CPK’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 slightly better than average sales and a considerably 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 (1.903) is normal, around the industry mean (1.804). P/E Ratio (22.520) is within average values for comparable stocks, (24.567). Projected Growth (PEG Ratio) (2.517) is also within normal values, averaging (3.065). CPK has a moderately low Dividend Yield (0.022) as compared to the industry average of (0.050). P/S Ratio (2.928) is also within normal values, averaging (1.823).

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General Information

a company which engages in the distribution, transmission and marketing of natural gas

Industry GasDistributors

Profile
Fundamentals
Details
Industry
Gas Distributors
Address
500 Energy Lane
Phone
+1 302 734-6799
Employees
1281
Web
https://www.chpk.com