Cohn & Steers Inc Stock Forecast
Cohn & Steers Inc stock price ended at $69.86 on Thursday, after losing 1.31%.
(Updated on Apr 25, 2024)
The Cohn & Steers Inc stock price fell by -1.31% on the last day (Thursday, 25th Apr 2024) from $70.79 to $69.86. During the last trading day the stock fluctuated 1.84% from a day low at $68.85 to a day high of $70.12. The price has fallen in 8 of the last 10 days and is down by -3.8% for this period. 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 -99 thousand shares and in total, 172 thousand shares were bought and sold for approximately $12.05 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Cohn & Steers Inc stock with a 90% probability to be traded between $67.10 and $78.27 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.
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CNS Signals & Forecast
There are mixed signals in the stock today. The Cohn & Steers Inc 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 $72.42. On a fall, the stock will find some support from the short-term average at $69.56. 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. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -3.49%. 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 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 Cohn & Steers Inc stock
Cohn & Steers Inc finds support from accumulated volume at $69.34 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 $1.27 between high and low, or 1.84%. For the last week, the stock has had daily average volatility of 4.67%.
Our recommended stop-loss: $66.21 (-5.22%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (CNS) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Cohn & Steers Inc to open at $69.61, and during the day (based on 14 day Average True Range), to move between $67.33 and $72.39, which gives a possible trading interval of +/-$2.53 (+/-3.63%) up or down from last closing price. If Cohn & Steers Inc takes out the full calculated possible swing range there will be an estimated 7.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $69.34 (0.74%) than the resistance at $70.79 (1.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cohn & Steers Inc stock A Buy?
Cohn & Steers Inc 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.
Current score: -0.338 Hold/Accumulate Unchanged
Predicted Opening Price for Cohn & Steers Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $69.61 ( 0.360%) | $69.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CNS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 70.87 | 1.45 % | |
| R2 | 70.39 | 0.760 % | ||
| R1 | 70.09 | 0.332 % | ||
| Current price: | 69.86 | |||
| Support | S1 | 69.13 | -1.05 % | |
| S2 | 68.83 | -1.48 % | ||
| S3 | 68.34 | -2.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 72.39 | 3.62 % | |
| R2 | 71.58 | 2.46 % | ||
| R1 | 70.79 | 1.33 % | ||
| Current price | 69.86 | |||
| Support | S1 | 69.34 | -0.744% | |
| S2 | 66.87 | -4.28% | ||
| S3 | 66.11 | -5.37% |
CNS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 01, 2024 | Mar 01, 2024 | Mar 14, 2024 | $0.590 | 0.84% |
| 2 | Nov 02, 2023 | Nov 10, 2023 | Nov 28, 2023 | $0.570 | 1.00% |
| 3 | Aug 03, 2023 | Aug 11, 2023 | Aug 24, 2023 | $0.570 | 0.91% |
| 4 | May 04, 2023 | May 12, 2023 | May 25, 2023 | $0.570 | 1.06% |
| 5 | Feb 23, 2023 | Mar 03, 2023 | Mar 16, 2023 | $0.570 | 0.89% |
FAQ
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