Stock Forecast Chart
Stock Price Prediction Summary
Forecast Score Based on 2 Weeks
Based on our forecast, the price of CHKEL will rise by +11.82% over the next 2 Weeks and hit $69.89 by Tuesday, November 21, 2023. In that time frame, CHKEL's share price is expected to range between $67.22 and $72.51.
BearishAverageBullish| Date | Predicted Lower | Predicted | Predicted Upper |
|---|---|---|---|
| Nov 21, 2023 | 67.27 | 69.89 | 72.63 |
| Nov 20, 2023 | 67.65 | 70.37 | 73.05 |
| Nov 17, 2023 | 67.07 | 69.89 | 72.43 |
| Nov 16, 2023 | 67.42 | 70.09 | 72.83 |
| Nov 15, 2023 | 67.70 | 70.22 | 72.80 |
| Nov 14, 2023 | 66.96 | 69.76 | 72.50 |
| Nov 13, 2023 | 67.59 | 70.25 | 72.85 |
| Nov 10, 2023 | 67.32 | 69.76 | 72.47 |
| Nov 9, 2023 | 67.38 | 69.97 | 72.71 |
| Nov 8, 2023 | 67.51 | 70.10 | 72.86 |
| Nov 7, 2023 | 67.10 | 69.64 | 72.34 |
| Nov 2, 2023 | 67.21 | 69.85 | 72.63 |
| Oct 31, 2023 | 66.74 | 69.52 | 72.37 |
| Oct 30, 2023 | 67.29 | 70.01 | 72.70 |
CHKEL shares fell -0.30% in Thursday, September 26, 2024's trading session, dropping from a previous close of $62.69 to move at $62.50. The stock demonstrated notable intraday movement (see CHKEL's key stats for a full breakdown), fluctuating between $62.50 and $62.71, a +0.34% trading range. While recent weeks have seen some volatility, CHKEL has managed to secure a +10.68% gain over the past 2 weeks. The downward price movement was accompanied by increased trading volume, with approximately 100 shares changing hands, 100 more than the previous session. This amounted to $6.25K in total market activity.
Will CHKEL Continue Its Upward Trend?
According to analyst ratings and projections for CHKEL, Chesapeake Energy Corporation shares are anticipated to increase by +13.94%, potentially reaching $72.63 per share by November 21, 2023. Short-term technical indicators currently suggest a neutral sentiment for CHKEL. For deeper insights, view our sentiment analysis on AAPL covering social and institutional perspectives. However, the stock has recorded 4 positive trading days within the past 30 sessions. Based on the CHKEL stock forecast, now is a good time to buy CHKEL stock because its current trading price is -10.57% below our predicted value, hinting at a possible overvaluation. For deeper insights, view our sentiment analysis on CHKEL covering social and institutional perspectives.
CHKEL Technical Momentum: Overbought, Oversold, or Neutral?
An analysis of Relative Strength Index (RSI) indicators provides insight into CHKEL's momentum. Short-term RSIs (9, 14, and 20-day figures ranging from 66.59% to 88.23%) indicate the stock is leaning toward a strong bullish momentum phase. The 50-day RSI, at 52.53%, suggests a neutral medium-term outlook. Additionally, the 100-day RSI, at 50.09%, maintains a neutral outlook for the long term. Insights into CHKEL's shareholder base show how institutional investors are positioning themselves during these momentum shifts