RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CCOI
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Cogent Communications Holdings stock price up 3.05% on Wednesday
(Updated on Mar 27, 2024)

Sell candidate since Mar 12, 2024 Loss -5.43% PDF

The Cogent Communications Holdings stock price gained 3.05% on the last trading day (Wednesday, 27th Mar 2024), rising from $62.89 to $64.81. During the last trading day the stock fluctuated 2.61% from a day low at $63.47 to a day high of $65.13. The price has fallen in 6 of the last 10 days and is down by -3.69% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 71 thousand more shares were traded than the day before. In total, 339 thousand shares were bought and sold for approximately $21.95 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.24% during the next 3 months and, with a 90% probability hold a price between $53.42 and $68.05 at the end of this 3-month period.

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CCOI Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 4.63%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Cogent Communications Holdings stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $71.66. On a fall, the stock will find some support from the short-term average at $62.97. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Cogent Communications Holdings stock

Cogent Communications Holdings finds support from accumulated volume at $64.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.66 between high and low, or 2.61%. For the last week, the stock has had daily average volatility of 2.19%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CCOI) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Cogent Communications Holdings to open at $64.47, and during the day (based on 14 day Average True Range), to move between $62.61 and $67.01, which gives a possible trading interval of +/-$2.20 (+/-3.40%) up or down from last closing price. If Cogent Communications Holdings takes out the full calculated possible swing range there will be an estimated 6.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $64.93 (0.19%) than the support at $64.20 (0.94%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Cogent Communications Holdings stock A Buy?

Cogent Communications Holdings holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.129 Sell Candidate Unchanged

Predicted Opening Price for Cogent Communications Holdings of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$64.47 ( 0.527%) $64.81

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for CCOI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 66.12 2.03 %
R2 65.49 1.05 %
R1 65.10 0.448 %
Current price: 64.81
Support S1 63.84 -1.50 %
S2 63.45 -2.11 %
S3 62.81 -3.08 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 78.55 21.20 %
R2 71.21 9.88 %
R1 64.93 0.185 %
Current price 64.81
Support S1 64.20 -0.94%
S2 63.60 -1.87%
S3 61.94 -4.43%

CCOI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 28, 2024 Mar 14, 2024 Apr 09, 2024 $0.97 1.49%
2 Nov 01, 2023 Nov 22, 2023 Dec 08, 2023 $0.96 1.38%
3 Aug 02, 2023 Aug 23, 2023 Sep 08, 2023 $0.95 1.40%
4 May 03, 2023 May 17, 2023 Jun 02, 2023 $0.94 1.48%
5 Feb 22, 2023 Mar 09, 2023 Mar 24, 2023 $0.93 1.55%

FAQ

What is the symbol for Cogent Communications Holdings Stock and on which exchange is it traded?
The symbol for Cogent Communications Holdings is CCOI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Cogent Communications Holdings Stock?
Cogent Communications Holdings holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Cogent Communications Holdings Stock?
Cogent Communications Holdings Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Cogent Communications Holdings Stock.

What's the current price of Cogent Communications Holdings Stock?
As of the end of day on the 2024-03-27, the price of an Cogent Communications Holdings (CCOI) share was $64.81.

What is the 52-week high and low for Cogent Communications Holdings Stock?
The 52-week high for Cogent Communications Holdings Stock is $86.00 and the 52-week low is $57.35.

What is the market capitalization of Cogent Communications Holdings Stock?
As of the 2024-03-27, the market capitalization of Cogent Communications Holdings is 3.074B.

When is the next earnings date for Cogent Communications Holdings?
The upcoming earnings date for Cogent Communications Holdings is May 02, 2024.
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About Cogent Communications Holdings

Cogent Communications Holdings Cogent Communications Holdings, Inc., through its subsidiaries, provides high-speed Internet access, private network, and data center colocation space services in North America, Europe, Asia, South America, Australia, and Africa. The company offers on-net Internet access and private network services to law firms, financial services firms, and advertising and marketing firms, as well as heath care providers, educational institutions and other prof... CCOI Profile

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