Chesapeake Utilities Stock Technical Analysis

CPK Stock  USD 106.49  2.99  2.89%   
As of the 28th of March, Chesapeake Utilities shows the risk adjusted performance of 0.0261, and Mean Deviation of 1.19. Chesapeake Utilities technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate data for nineteen technical drivers for Chesapeake Utilities, which can be compared to its rivals. Please confirm Chesapeake Utilities jensen alpha, and the relationship between the coefficient of variation and potential upside to decide if Chesapeake Utilities is priced correctly, providing market reflects its regular price of 106.49 per share. Given that Chesapeake Utilities has jensen alpha of (0.14), we suggest you to validate Chesapeake Utilities's prevailing market performance to make sure the company can sustain itself at a future point.

Chesapeake Utilities Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Chesapeake, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Chesapeake
  
Chesapeake Utilities' Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Chesapeake Utilities Analyst Consensus

Target PriceAdvice# of Analysts
120.88Strong Buy8Odds
Chesapeake Utilities current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Chesapeake analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Chesapeake stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Chesapeake Utilities, talking to its executives and customers, or listening to Chesapeake conference calls.
Chesapeake Analyst Advice Details
Chesapeake Utilities technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Chesapeake Utilities technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Chesapeake Utilities trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Chesapeake Utilities Technical Analysis

Indicator
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The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Chesapeake Utilities volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Chesapeake Utilities Trend Analysis

Use this graph to draw trend lines for Chesapeake Utilities. You can use it to identify possible trend reversals for Chesapeake Utilities as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Chesapeake Utilities price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Chesapeake Utilities Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Chesapeake Utilities applied against its price change over selected period. The best fit line has a slop of   0.02  , which may imply that Chesapeake Utilities will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 17.52, which is the sum of squared deviations for the predicted Chesapeake Utilities price change compared to its average price change.

About Chesapeake Utilities Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Chesapeake Utilities on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Chesapeake Utilities based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Chesapeake Utilities price pattern first instead of the macroeconomic environment surrounding Chesapeake Utilities. By analyzing Chesapeake Utilities's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Chesapeake Utilities's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Chesapeake Utilities specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Price Earnings Ratio30.6723.3222.2513.65
Short Term Coverage Ratios0.630.711.031.09

Chesapeake Utilities March 28, 2024 Technical Indicators

Most technical analysis of Chesapeake help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Chesapeake from various momentum indicators to cycle indicators. When you analyze Chesapeake charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Chesapeake Utilities March 28, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Chesapeake stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Chesapeake Utilities is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Chesapeake Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Chesapeake Utilities Stock. Highlighted below are key reports to facilitate an investment decision about Chesapeake Utilities Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chesapeake Utilities. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
For more information on how to buy Chesapeake Stock please use our How to buy in Chesapeake Stock guide.
You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

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When running Chesapeake Utilities' price analysis, check to measure Chesapeake Utilities' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Chesapeake Utilities is operating at the current time. Most of Chesapeake Utilities' value examination focuses on studying past and present price action to predict the probability of Chesapeake Utilities' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chesapeake Utilities' price. Additionally, you may evaluate how the addition of Chesapeake Utilities to your portfolios can decrease your overall portfolio volatility.
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Is Chesapeake Utilities' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Chesapeake Utilities. If investors know Chesapeake will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Chesapeake Utilities listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.14)
Dividend Share
2.305
Earnings Share
4.73
Revenue Per Share
36.504
Quarterly Revenue Growth
(0.01)
The market value of Chesapeake Utilities is measured differently than its book value, which is the value of Chesapeake that is recorded on the company's balance sheet. Investors also form their own opinion of Chesapeake Utilities' value that differs from its market value or its book value, called intrinsic value, which is Chesapeake Utilities' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Chesapeake Utilities' market value can be influenced by many factors that don't directly affect Chesapeake Utilities' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Chesapeake Utilities' value and its price as these two are different measures arrived at by different means. Investors typically determine if Chesapeake Utilities is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chesapeake Utilities' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.