Capital One Financial Corporation Stock Forecast
Capital One Financial Corporation stock price up 0.120% on Thursday
(Updated on May 02, 2024)
The Capital One Financial Corporation stock price gained 0.120% on the last trading day (Thursday, 2nd May 2024), rising from $141.64 to $141.81. During the last trading day the stock fluctuated 1.40% from a day low at $141.46 to a day high of $143.44. The price has risen in 6 of the last 10 days and is up by 0.13% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 342 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $279.87 million.
The stock lies in the middle of a wide and 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 7.61% during the next 3 months and, with a 90% probability hold a price between $149.08 and $164.80 at the end of this 3-month period.
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COF Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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 $144.78 and $142.30. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -4.74%. Further fall is indicated until a new bottom pivot has been found.
A sell signal from a double top formation was found on Wednesday, April 24, 2024 and based on theory for this formation the price should fall by -6.72% to $132.28 within 18 trading days since signal was issued (Friday, May 03, 2024).
Support, Risk & Stop-loss for Capital One Financial Corporation stock
Capital One Financial Corporation finds support from accumulated volume at $137.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.98 (1.40%) between high and low. For the last week, the stock has had daily average volatility of 1.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (COF) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Capital One Financial Corporation to open at $142.24, and during the day (based on 14 day Average True Range), to move between $138.65 and $144.97, which gives a possible trading interval of +/-$3.16 (+/-2.23%) 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 4.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $146.21 (3.10%) than the support at $137.39 (3.12%), 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?
The Capital One Financial Corporation stock holds several negative signals and despite the positive trend, we believe Capital One Financial Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.456 Sell Candidate Unchanged
Predicted Opening Price for Capital One Financial Corporation of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $142.24 ( 0.301%) | $141.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 144.22 | 1.70 % | |
| R2 | 143.46 | 1.16 % | ||
| R1 | 142.99 | 0.83 % | ||
| Current price: | 141.81 | |||
| Support | S1 | 141.48 | -0.232 % | |
| S2 | 141.01 | -0.562 % | ||
| S3 | 140.26 | -1.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 148.89 | 4.99 % | |
| R2 | 148.87 | 4.98 % | ||
| R1 | 146.21 | 3.10 % | ||
| Current price | 141.81 | |||
| Support | S1 | 137.39 | -3.12% | |
| S2 | 135.01 | -4.80% | ||
| S3 | 134.56 | -5.11% |
COF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 31, 2024 | Feb 09, 2024 | Feb 23, 2024 | $0.600 | 0.443% |
| 2 | Nov 02, 2023 | Nov 10, 2023 | Nov 24, 2023 | $0.600 | 0.563% |
| 3 | Jul 26, 2023 | Aug 07, 2023 | Aug 18, 2023 | $0.600 | 0.571% |
| 4 | Jul 26, 2023 | Aug 04, 2023 | Aug 18, 2023 | $0.600 | 0.571% |
| 5 | May 04, 2023 | May 12, 2023 | May 26, 2023 | $0.600 | 0.583% |
FAQ
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