Coloplast A/S Stock Forecast
Coloplast A/S stock upgraded to Hold/Accumulate.
(Updated on May 31, 2024)
The Coloplast A/S stock price gained 0.500% on the last trading day (Friday, 31st May 2024), rising from $12.00 to $12.06. During the last trading day the stock fluctuated 1.68% from a day low at $11.92 to a day high of $12.12. The price has fallen in 6 of the last 10 days and is down by -2.43% for this period. Volume fell on the last day by -273 thousand shares and in total, 134 thousand shares were bought and sold for approximately $1.62 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 lower of a narrow and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $11.97 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -13.83% during the next 3 months and, with a 90% probability hold a price between $10.31 and $10.78 at the end of this 3-month period. 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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CLPBY Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 0.500%. Further rise is indicated until a new top pivot has been found. 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. The Coloplast A/S stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $12.29 and $12.52. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Coloplast A/S stock
Coloplast A/S finds support from accumulated volume at $12.05 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 $0.200 between high and low, or 1.68%. For the last week the stock has had daily average volatility of 1.78%.
Our recommended stop-loss: $11.40 (-5.48%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (CLPBY) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Coloplast A/S to open at $12.03, and during the day (based on 14 day Average True Range), to move between $11.78 and $12.34, which gives a possible trading interval of +/-$0.279 (+/-2.31%) up or down from last closing price. If Coloplast A/S takes out the full calculated possible swing range there will be an estimated 4.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.05 (0.08%) than the resistance at $12.10 (0.33%), 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?
Coloplast A/S holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.315 Hold/Accumulate Upgraded
Predicted Opening Price for Coloplast A/S of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $12.03 ( 0.221%) | $12.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CLPBY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.23 | 1.44 % | |
| R2 | 12.16 | 0.80 % | ||
| R1 | 12.11 | 0.412 % | ||
| Current price: | 12.06 | |||
| Support | S1 | 11.96 | -0.85 % | |
| S2 | 11.91 | -1.25 % | ||
| S3 | 11.83 | -1.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.71 | 5.39 % | |
| R2 | 12.56 | 4.15 % | ||
| R1 | 12.10 | 0.332 % | ||
| Current price | 12.06 | |||
| Support | S1 | 12.05 | -0.0829% | |
| S2 | 12.00 | -0.498% | ||
| S3 | 0 | . |
CLPBY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2024 | May 17, 2024 | May 28, 2024 | $0.0463 | 0.376% |
| 2 | Dec 08, 2023 | Dec 08, 2023 | Dec 22, 2023 | $0.150 | 1.30% |
| 3 | May 17, 2023 | May 19, 2023 | May 30, 2023 | $0.0740 | 0.588% |
| 4 | Dec 01, 2022 | Dec 02, 2022 | Dec 16, 2022 | $0.210 | 1.77% |
| 5 | May 13, 2022 | May 13, 2022 | May 23, 2022 | $0.0710 | 0.599% |
FAQ
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