Capital One Financial Corporation Stock Forecast
Capital One Financial Corporation stock price ended at $143.33 on Monday, after gaining 0.646%.
(Updated on May 06, 2024)
The Capital One Financial Corporation stock price gained 0.646% on the last trading day (Monday, 6th May 2024), rising from $142.41 to $143.33. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.24% from a day low at $142.83 to a day high of $144.60. The price has risen in 6 of the last 10 days but is still down by -2.66% for this period. Volume fell on the last day by -138 thousand shares and in total, 1 million shares were bought and sold for approximately $193.43 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.30% during the next 3 months and, with a 90% probability hold a price between $148.94 and $164.54 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
COF Signals & Forecast
The Capital One Financial Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $143.48. On a fall, the stock will find some support from the long-term average at approximately $142.61. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Wednesday, April 24, 2024, and so far it has fallen -3.72%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Capital One Financial Corporation stock
Capital One Financial Corporation finds support from accumulated volume at $137.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.77 (1.24%) between high and low. For the last week, the stock has had daily average volatility of 1.34%.
Our recommended stop-loss: $137.49 (-4.07%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (COF) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Capital One Financial Corporation to open at $143.59, and during the day (based on 14 day Average True Range), to move between $140.34 and $146.32, which gives a possible trading interval of +/-$2.99 (+/-2.09%) up or down from last closing price. If Capital One Financial Corporation takes out the full calculated possible swing range there will be an estimated 4.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $146.21 (2.01%) than the support at $137.39 (4.14%), 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 Capital One Financial Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Capital One Financial Corporation stock to perform well in the short-term.
Current score: 3.500 Buy Candidate Unchanged
Predicted Opening Price for Capital One Financial Corporation of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
$143.59 ( 0.179%) | $143.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 145.36 | 1.41 % | |
R2 | 144.68 | 0.94 % | ||
R1 | 144.26 | 0.651 % | ||
Current price: | 143.33 | |||
Support | S1 | 142.91 | -0.293 % | |
S2 | 142.49 | -0.584 % | ||
S3 | 141.82 | -1.06 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 148.89 | 3.88 % | |
R2 | 148.87 | 3.87 % | ||
R1 | 146.21 | 2.01 % | ||
Current price | 143.33 | |||
Support | S1 | 137.39 | -4.14% | |
S2 | 135.01 | -5.80% | ||
S3 | 134.56 | -6.12% |
COF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 02, 2024 | May 10, 2024 | May 24, 2024 | $0.600 | 0.419% |
2 | Jan 31, 2024 | Feb 09, 2024 | Feb 23, 2024 | $0.600 | 0.443% |
3 | Nov 02, 2023 | Nov 10, 2023 | Nov 24, 2023 | $0.600 | 0.563% |
4 | Jul 26, 2023 | Aug 07, 2023 | Aug 18, 2023 | $0.600 | 0.571% |
5 | Jul 26, 2023 | Aug 04, 2023 | Aug 18, 2023 | $0.600 | 0.571% |
FAQ
Click here for our free guide on how to buy Capital One Financial Corporation Stock.