Coca Cola Femsa SAB de CV Stock Forecast
Coca Cola Femsa SAB de CV stock downgraded to Hold/Accumulate
(Updated on May 10, 2024)
The Coca Cola Femsa SAB de CV stock price fell by -1.22% on the last day (Friday, 10th May 2024) from $101.12 to $99.89. During the last trading day the stock fluctuated 1.61% from a day low at $99.89 to a day high of $101.50. The price has been going up and down for this period, and there has been a 0.28% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -475 shares and in total, 91 thousand shares were bought and sold for approximately $9.06 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $101.10 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Coca Cola Femsa SAB de CV stock with a 90% probability to be traded between $90.24 and $99.62 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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KOF Signals & Forecast
The Coca Cola Femsa SAB de CV stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $99.00 and $96.45. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -1.22%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Coca Cola Femsa SAB de CV stock
Coca Cola Femsa SAB de CV finds support from accumulated volume at $98.33 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.61 between high and low, or 1.61%. For the last week, the stock has had daily average volatility of 1.89%.
Our recommended stop-loss: $95.73 (-4.16%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (KOF) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Coca Cola Femsa SAB de CV to open at $100.43, and during the day (based on 14 day Average True Range), to move between $97.87 and $101.91, which gives a possible trading interval of +/-$2.02 (+/-2.02%) up or down from last closing price. If Coca Cola Femsa SAB de CV takes out the full calculated possible swing range there will be an estimated 4.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $99.90 (0.01%) than the support at $98.33 (1.56%), 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 Coca Cola Femsa SAB de CV stock A Buy?
Coca Cola Femsa SAB de CV holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.470 Hold/Accumulate Downgraded
Predicted Opening Price for Coca Cola Femsa SAB de CV of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $100.43 ( 0.536%) | $99.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KOF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 102.03 | 2.14 % | |
| R2 | 101.42 | 1.53 % | ||
| R1 | 101.04 | 1.15 % | ||
| Current price: | 99.89 | |||
| Support | S1 | 99.81 | -0.0782 % | |
| S2 | 99.43 | -0.457 % | ||
| S3 | 98.82 | -1.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 100.70 | 0.81 % | |
| R2 | 100.29 | 0.400 % | ||
| R1 | 99.90 | 0.0100 % | ||
| Current price | 99.89 | |||
| Support | S1 | 98.33 | -1.56% | |
| S2 | 97.05 | -2.84% | ||
| S3 | 95.84 | -4.05% |
KOF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 06, 2023 | Oct 31, 2023 | Nov 03, 2023 | $1.65 | 2.03% |
| 2 | Apr 18, 2023 | May 01, 2023 | May 15, 2023 | $1.61 | 1.81% |
| 3 | Oct 21, 2022 | Oct 31, 2022 | Nov 14, 2022 | $1.36 | 2.00% |
| 4 | Apr 20, 2022 | Apr 29, 2022 | May 13, 2022 | $1.35 | 2.44% |
| 5 | Oct 20, 2021 | Oct 29, 2021 | Nov 15, 2021 | $1.24 | 2.36% |
FAQ
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