Stock Forecast Chart
Stock Price Prediction Summary
Forecast Score Based on 2 Weeks
Based on our forecast, the price of CHKEW will decline by -0.41% over the next 2 Weeks and hit $71.60 by Thursday, November 16, 2023. In that time frame, CHKEW's share price is expected to range between $64.75 and $79.34.
BearishAverageBullishCHKEW shares fell -4.10% in Thursday, September 26, 2024's trading session, dropping from a previous close of $74.96 to move at $71.89. The stock demonstrated notable intraday movement (see CHKEW's key stats for a full breakdown), fluctuating between $71.89 and $71.89, a 0 trading range. While recent weeks have seen some volatility, CHKEW has managed to secure a +12.86% gain over the past 2 weeks. The downward price movement was accompanied by remained steady trading volume, with approximately 0 shares changing hands, 0 fewer than the previous session. This amounted to $0.00 in total market activity.
Will CHKEW Continue Its Upward Trend?
According to analyst ratings and projections for CHKEW, Chesapeake Energy Corporation shares are anticipated to increase by +10.11%, potentially reaching $79.98 per share by November 16, 2023. Short-term technical indicators currently suggest a neutral sentiment for CHKEW. For deeper insights, view our sentiment analysis on AAPL covering social and institutional perspectives. However, the stock has recorded 3 positive trading days within the past 30 sessions. Based on the CHKEW stock forecast, now is a good time to buy CHKEW stock because its current trading price is +0.41% above our predicted value, hinting at a possible undervaluation. For deeper insights, view our sentiment analysis on CHKEW covering social and institutional perspectives.
CHKEW Technical Momentum: Overbought, Oversold, or Neutral?
An analysis of Relative Strength Index (RSI) indicators provides insight into CHKEW's momentum. Short-term RSIs (9, 14, and 20-day figures ranging from 69.52% to 90.42%) indicate the stock is leaning toward a strong bullish momentum phase. The 50-day RSI, at 54.81%, suggests a neutral medium-term outlook. Additionally, the 100-day RSI, at 51.25%, maintains a neutral outlook for the long term. Insights into CHKEW's shareholder base show how institutional investors are positioning themselves during these momentum shifts