Casey's General Stores Inc | CASY

Daily Technical Analysis of Casey's General Stores Inc

There wasn't too much excitement in Casey's General Stores today which only managed to move up 0.94% on the day.

It looks like Casey's General Stores isn't currently at a very decisive point in regards to support/resistance levels. CASY has been bouncing around but hasn't taken a very clear direction over the last few months. So it doesn't have very much obvious momentum in either direction. CASY might find some support at the 171.83 level, buyers might push the price back up from here. But it's not very clear what will happen.

Analyst Ratings for Casey's General Stores By Price Target And Rating

The analysts feel pretty optimistic about Casey's General Stores and have been assigning positive ratings. The current Analysts Sentiment Score is 210.38. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2023-03-09 there was confirmation of the previous rating by Benchmark which was Buy and provided a price target of $275.00. Deutsche Bank Aktiengesel gave a boost to their price target and moved to $294.00 from $285.00 on 2023-03-09. Credit Suisse Group reiterated a rating of Neutral on 2023-03-09 and provided a price target of $254.00. Royal Bank of Canada gave a boost to their price target and moved to $273.00 from $268.00 on 2023-03-08. Stephens reiterated a rating of Overweight on 2023-03-08 and they set their price target at $280.00. JPMorgan Chase & Co. announced an upgrade on 2023-03-03 from Underweight to Neutral and provided a price target boost 21.97% to $211.00 from $173.00. Wells Fargo & Company boosted their price target to 270.00 on 2022-12-12. On 2022-12-08 there was a downgrade announced by Northcoast Research from Buy to Neutral. BMO Capital Markets provided a price target boost of 6.38% to $250.00 from $235.00 on 2022-09-09. On 2022-08-17 Wolfe Research started covering Casey's General Stores with a rating of Outperform and added a price target of $228.00.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
CASY	210.38	265.44	-31.79	187.55	-0.45

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2023-01-02)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
CASY	3.02	7.42

Short interest for Casey's General Stores

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
CASY	0	%0	2.3	1.782	629700

How Casey's General Stores compares to the broader Consumer Defensive sector and the more specific Retail - Defensive industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
Retail - Defensive Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	29	0.76	-0.67	-8.40	-3.20	-5.04	-15.30	31.14	-7.75	-8.35	-10.69	-16626.29	-2622.57	3.45	19.83	5.37	28.81
Consumer Defensive Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	146	0.70	-0.29	-6.24	-0.67	-0.13	-7.80	32.29	-0.21	-3.62	-1.77	-20694.41	-3538.59	0.68	17.98	4.54	16.59

Social Sentiment for Casey's General Stores

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
CASY	9.00

Companies with the highest correlation to Casey's General Stores

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Short Interest Score
MUSA \| MURPHY USA INC.	0.69	-1.50	2.94	-7.14	-13.47	-11.46	29.13	28	-16.77	-4.29	-3.77	-10397.13	-5855.94	9.68948
HSII \| Heidrick & Struggles Inc	0.69	2.33	1.23	2.10	12.37	17.01	-22.66	33	18.37	13.04	18.60	-16377.29	-3166.23	2.90991
VRTV \| VERITIV CORPORATION	0.69	1.64	1.59	-9.22	-4.97	7.22	-1.15	31	5.60	8.77	15.21	-6037.94	-4593.56	9.07251
SNDR \| Schneider National, Inc.	0.63	1.85	0.11	-5.51	10.00	26.03	-0.38	20	41.91	28.87	42.32	-2389.98	-8583.20	5.60253
SF \| Stifel Financial Corp.	0.62	5.57	7.01	-9.89	3.73	2.85	-13.82	14	6.86	9.22	15.95	-15733.95	-802.68	1.48176
LIN \| Linde plc Ordinary Share	0.62	0.73	3.13	3.41	4.16	21.23	9.85	30	50.41	27.10	19.36	-1384.78	-9268.94	1.35821
BRC \| Brady Corporation	0.61	1.30	2.36	1.09	15.22	23.50	14.67	25	52.80	37.69	36.48	-2842.06	-9678.64	2.01626
TXT \| Textron, Inc.	0.6	2.17	3.84	-6.75	-1.96	10.36	-8.75	11	4.43	14.34	20.54	-3514.30	-3645.51	2.71102

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