Million

Resistance

Billion

<ul class="list-ic vertical">
 <li><span>1</span> <a>The CHK stock surged 1.52% over the past week and CMP is $89.37.</a></li>
 <li><span>2</span> <a>Chesapeake Energy Corporation (NASDAQ: CHK) stock’s current volume is above the moving average.</a></li>
</ul>
<p>Chesapeake Energy Corporation (NASDAQ: CHK) is a company in the energy sector that reported its quarterly earnings for the quarter that commenced in June 2023. The company had a revenue of $1.26 Billion, a net income of $321.00 Million, and a profit margin of 31.03% for the quarter. However, the company’s revenue was lower than what analysts expected by $115.241 Million which is 7.29%.&nbsp;</p>
<p>On the other hand, the company’s EPS of $0.64 for the quarter was higher than what analysts predicted by 61.10%. The company’s next quarterly earnings report will be out on November 1st, 2023. It is expected to have a revenue of $1.474 Billion and an EPS of $0.597 for the quarter ending September 2023.</p>
<p>CHK has exhibited a remarkable performance, It has attained positive returns on different periods, indicating consistent growth. The stock has appreciated and advanced by 4.28%, 7.44%, and 10.46% in value respectively on a monthly, quarterly, and semi-annual basis.&nbsp;</p>
<p>Furthermore, this means that the CHK stock has increased its price which shows that it has turned out to be a profitable and reliable stock to invest in as displayed on the charts.</p>
<p>Therefore, if buyers boost more and keep on ascending, the uptrend may continue and the targets might be $95 and $100.</p>
<p>On the contrary, if CHK stock fails to hold its grip and starts declining, it might fall up to $80 and $70.</p>
<p>In addition, the stock ratings for CHK stock are positive and highly recommended based on 22 analysts who have evaluated the stock in the last three months. The 1-year price forecasts for CHK stock by 20 analysts range between $89 to $147.</p>
<h2 class="wp-block-heading" id="strong-what-is-the-next-move-for-chk-stock-strong"><strong>What Is The Next Move For CHK Stock?</strong></h2>
<p>Currently, the <a href="https://www.thecoinrepublic.com/2023/10/18/gs-stock-nyse-gs-shows-retracement-will-it-retest-300/" target="_blank" rel="noopener noreferrer nofollow">stock</a> is trading above the 20 and 50-day exponential moving averages showing that buyers are active and dominating charts over bears.</p>
<p>The current value of the RSI curve is 60.91 points heading upwards. The 14 SMA is above the median line at 54.64 points showcasing strength in momentum on the CHK stock chart.</p>
<p>The MACD line at 1.06 and the signal line at 0.59 are above the zero line indicating positivity for CHK stock on the daily chart.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1563" height="847" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-575.png" alt="" class="wp-image-176881" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-575.png 1563w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-575-300x163.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-575-1024x555.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-575-768x416.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-575-1536x832.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-575-750x406.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-575-1140x618.png 1140w" sizes="(max-width: 1563px) 100vw, 1563px">
  <figcaption class="wp-element-caption">
   Source: NASDAQ: CHK by TradingView
  </figcaption>
 </figure>
</div>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1563" height="847" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-576.png" alt="" class="wp-image-176882" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-576.png 1563w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-576-300x163.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-576-1024x555.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-576-768x416.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-576-1536x832.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-576-750x406.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-576-1140x618.png 1140w" sizes="(max-width: 1563px) 100vw, 1563px">
  <figcaption class="wp-element-caption">
   Source: NASDAQ: CHK by TradingView
  </figcaption>
 </figure>
</div>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p>CHK is a profitable and growing stock in the energy sector. It beat EPS estimates but missed revenue estimates in the last quarter. It has positive ratings and forecasts from analysts. The technical analysis tools that are most sought and reliable suggest a bullish outlook. Moreover, the price action highlights buyers’ surge that may take the price up to $100 or slide down to $70.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels</strong>: $80 and $70</p>
<p><strong>Resistance Levels</strong>: $95 and $100</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

CHK Stock: Will (NASDAQ: CHK) Surpass The Hurdle Of $100?

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