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Cogent Communications Holdings Stock Forecast NASDAQ:CCOI

$76.25 (-2.85%)

Volume: 214k

Closed: Nov 26, 2021

Hollow Logo Score: 1.235

Cogent Communications Holdings Stock Forecast

$76.25 (-2.85%)

Volume: 214k

Closed: Nov 26, 2021

Score Hollow Logo 1.235
Which way will CCOI go? Request
Fri, Nov 26, 2021 Buy Candidate Upgraded
Stop-loss: $73.02 (-4.24%)
Key Stats
P/E Ratio 157.65
Beta 0.87
Trailing Dividend Rate 4.09% ($3.12)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 53 and the stock is currently not being overbought or oversold

Cogent Communications Holdings stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Nov 26, 2021)


Buy or Hold candidate since 2021-10-21 Gain 3.71%

The Cogent Communications Holdings stock price fell by -2.85% on the last day (Friday, 26th Nov 2021) from $78.49 to $76.25. During the day the stock fluctuated 4.35% from a day low at $75.24 to a day high of $78.51. The price has risen in 6 of the last 10 days, but is still down by -1.4% for this period. Volume has increased on the last day by 63 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 214 thousand shares were bought and sold for approximately $16.30 million.

The stock lies in the middle of a 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 8.1% during the next 3 months and, with a 90% probability hold a price between $80.45 and $87.50 at the end of this 3-month period.

Signals & Forecast

A sell signal was issued from a pivot top point on Tuesday, November 16, 2021, and so far it has fallen -5.01%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Cogent Communications Holdings 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 $78.04. On a fall, the stock will find some support from the long-term average at approximately $75.80. 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. The stock had a Golden Star Signal on Wednesday, October 13, 2021 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, February 03, 2021.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Wednesday, October 13, 2021 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, February 03, 2021.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Wednesday, October 13, 2021 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, February 03, 2021.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss

Cogent Communications Holdings finds support from accumulated volume at $75.41 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $3.27 between high and low, or 4.35%. For the last week the stock has had a daily average volatility of 2.82%.

Our recommended stop-loss: $73.02 (-4.24%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)

Is Cogent Communications Holdings stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.235

Predicted Opening Price for Cogent Communications Holdings of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$76.67 $76.25 (Undervalued)
Buy Candidate Upgraded

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Analyst Ratings

On Nov 05, 2021 "Credit Suisse Group" gave "$93.00 - $89.00" rating for CCOI. The price target was changed from $76.62 to 0.9%.

Volatility and Risk
Daily Average Volatility: 2.82 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.82 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $77.33
Price: $76.25
Support: $75.41

CCOI Insider Trading Show all Trades

INSIDER POWER

3.113

Last 100 transactions
Buy: 328 800 | Sell: 105 621 (Shares)
Date Action Amount Person Type
Nov 23, 2021 Sell 1 600 Kennedy Sheryl Lynn common stock
Nov 18, 2021 Sell 650 Montagner Marc common stock
Nov 16, 2021 Sell 200 Wallace Sean Robert common stock
Oct 01, 2021 Buy 1 750 Bath Blake common stock
Oct 01, 2021 Buy 1 750 Brooks Steven D common stock
Show all Insider Trades
INSIDER POWER

3.113

Last 100 transactions
Buy: 328 800 | Sell: 105 621 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 79.94 4.83 %
78.69 3.20 %
77.92 2.18 %
Current price: 76.25
Support 75.42 -1.09 %
74.65 -2.10 %
73.40 -3.74 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 79.40 4.13 %
78.98 3.58 %
77.33 1.42 %
Current price 76.25
Support 75.41 -1.10%
73.17 -4.04%
72.91 -4.38%

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About Cogent Communications Holdings

Cogent Communications Holdings Cogent Communications Holdings, Inc., through its subsidiaries, provides high-speed Internet access and Internet protocol communications services primarily to small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations in North America, Europe, and Japan. The company offers on-net Internet access services to bandwidth-intensive users, such as universities, other Internet service providers, tele... Read more

Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!

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