Coloplast A/S Stock Forecast

Coloplast A/S stock upgraded to Buy Candidate.
(Updated on May 06, 2024)

CBHD.F Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 4.00%. Further rise is indicated until a new top pivot has been found. Coloplast A/S has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Coloplast A/S 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 121.82€. On a fall, the stock will find some support from the short-term average at 116.14€. 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 Coloplast A/S stock

Coloplast A/S finds support from accumulated volume at 114.90€ 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 2.15€ between high and low, or 1.87%. For the last week, the stock has had daily average volatility of 1.26%.

Our recommended stop-loss: 111.48€ (-4.80%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (CBHD.F) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Coloplast A/S to open at 116.38€, and during the day (based on 14 day Average True Range), to move between 115.06€ and 119.14€, which gives a possible trading interval of +/-2.04€ (+/-1.74%) up or down from last closing price. If Coloplast A/S takes out the full calculated possible swing range there will be an estimated 3.48% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 114.90€ (1.88%) than the resistance at 120.70€ (3.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Coloplast A/S stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Coloplast A/S stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.212 Buy Candidate Upgraded

Predicted Opening Price for Coloplast A/S of Tuesday, May 7, 2024

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