Capital One Financial Corporation Stock Forecast
Capital One Financial Corporation stock downgraded to Sell Candidate
(Updated on Jun 28, 2024)
The Capital One Financial Corporation stock price fell by -1.83% on the last day (Friday, 28th Jun 2024) from $19.16 to $18.81. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.13% from a day low at $18.81 to a day high of $19.21. The price has fallen in 6 of the last 10 days and is down by -0.16% 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 -5 thousand shares and in total, 68 thousand shares were bought and sold for approximately $1.28 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Capital One Financial Corporation stock with a 90% probability to be traded between $18.17 and $19.35 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
COF-PJ Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Capital One Financial Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $19.11 and $18.85. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -2.03%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Capital One Financial Corporation stock
Capital One Financial Corporation finds support from accumulated volume at $18.68 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.400 between high and low, or 2.13%. For the last week the stock has had daily average volatility of 1.04%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (COF-PJ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Capital One Financial Corporation to open at $18.94, and during the day (based on 14 day Average True Range), to move between $18.56 and $19.06, which gives a possible trading interval of +/-$0.251 (+/-1.33%) 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 2.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $18.93 (0.64%) than the support at $18.68 (0.69%), 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?
Capital One Financial Corporation holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.835 Sell Candidate Downgraded
Predicted Opening Price for Capital One Financial Corporation of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$18.94 ( 0.709%) | $18.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COF-PJ
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 19.34 | 2.84% |
R2 | 19.19 | 2.02% |
R1 | 19.10 | 1.52% |
Price | 18.81 | |
S1 | 18.79 | -0.103% |
S2 | 18.70 | -0.605% |
S3 | 18.54 | -1.42% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 19.16 | 1.86% |
R2 | 19.01 | 1.06% |
R1 | 18.93 | 0.638% |
Price | 18.81 | |
S1 | 18.68 | -0.691% |
S2 | 18.36 | -2.39% |
S3 | 18.21 | -3.19% |
COF-PJ Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 16, 2024 | May 16, 2024 | Jun 03, 2024 | $0.300 | 1.58% |
2 | Feb 14, 2024 | Feb 14, 2024 | Feb 14, 2024 | $0.300 | 1.58% |
3 | Nov 15, 2023 | Nov 15, 2023 | Dec 01, 2023 | $0.300 | 1.67% |
4 | Aug 16, 2023 | Aug 16, 2023 | Sep 01, 2023 | $0.300 | 1.65% |
5 | May 16, 2023 | May 16, 2023 | May 16, 2023 | $0.300 | 1.78% |
FAQ
Click here for our free guide on how to buy Capital One Financial Corporation Stock.