COFACE SA Stock Forecast
Green day on Friday for COFACE SA stock after gaining 1.30%
(Updated on May 17, 2024)
The COFACE SA stock price gained 1.30% on the last trading day (Friday, 17th May 2024), rising from 15.37€ to 15.57€. During the last trading day the stock fluctuated 1.37% from a day low at 15.36€ to a day high of 15.57€. The price has risen in 5 of the last 10 days and is up by 7.31% 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, 187 thousand more shares were traded than the day before. In total, 439 thousand shares were bought and sold for approximately 6.83€ million.
The stock lies in the middle of a strong 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 16.93% during the next 3 months and, with a 90% probability hold a price between 17.15€ and 18.57€ at the end of this 3-month period.
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COFA.PA Signals & Forecast
The COFACE SA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 15.43€ and 14.75€. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -0.320%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for COFACE SA stock
COFACE SA finds support from accumulated volume at 15.21€ 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 0.210€ between high and low, or 1.37%. For the last week, the stock has had daily average volatility of 1.59%.
Our recommended stop-loss: 15.02€ (-3.54%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (COFA.PA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect COFACE SA to open at 15.50€, and during the day (based on 14 day Average True Range), to move between 15.30€ and 15.84€, which gives a possible trading interval of +/-0.273€ (+/-1.75%) up or down from last closing price. If COFACE SA takes out the full calculated possible swing range there will be an estimated 3.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 15.62€ (0.32%) than the support at 15.21€ (2.31%), 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 COFACE SA stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for COFACE SA stock to perform well in the short-term.
Current score: 4.277 Buy Candidate Unchanged
Predicted Opening Price for COFACE SA of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 15.50€ ( 0.450%) | 15.57€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COFA.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.71 | 0.90 % | |
| R2 | 15.63 | 0.384 % | ||
| R1 | 15.58 | 0.0656 % | ||
| Current price: | 15.57 | |||
| Support | S1 | 15.42 | -0.96 % | |
| S2 | 15.37 | -1.28 % | ||
| S3 | 15.29 | -1.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 15.62 | 0.321 % | ||
| Current price | 15.57 | |||
| Support | S1 | 15.21 | -2.31% | |
| S2 | 13.88 | -10.85% | ||
| S3 | 13.71 | -11.95% |
COFA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 22, 2024 | May 22, 2024 | May 24, 2024 | 1.30€ | 8.39% |
| 2 | May 22, 2023 | May 22, 2023 | May 22, 2023 | 1.52€ | 12.07% |
| 3 | May 20, 2022 | May 20, 2022 | May 20, 2022 | 1.50€ | 14.26% |
| 4 | May 19, 2021 | May 19, 2021 | May 19, 2021 | 0.550€ | 5.45% |
| 5 | Mar 28, 2019 | May 22, 2019 | May 24, 2019 | 0.790€ | 9.16% |
FAQ
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