Cofinimmo SA Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for Cofinimmo SA stock after gaining 2.52%
(Updated on May 03, 2024)
The Cofinimmo SA stock price gained 2.52% on the last trading day (Friday, 3rd May 2024), rising from 63.40€ to 65.00€. During the last trading day the stock fluctuated 4.26% from a day low at 63.35€ to a day high of 66.05€. The price has risen in 7 of the last 10 days and is up by 4.42% 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, 6 thousand more shares were traded than the day before. In total, 108 thousand shares were bought and sold for approximately 7.02€ million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at 65.86€ will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Cofinimmo SA stock with a 90% probability to be traded between 58.08€ and 67.04€ 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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COFB.BB Signals & Forecast
The Cofinimmo 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 62.76€ and 60.87€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 05, 2024, and so far it has risen 15.45%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Cofinimmo SA stock
On the downside, the stock finds support just below today's level from accumulated volume at 58.35€ and 57.70€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Cofinimmo SA finds support just below today's level at 58.35€. If this is broken, then the next support from accumulated volume will be at 57.70€ and 57.50€.
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 2.70€ between high and low, or 4.26%. For the last week the stock has had daily average volatility of 2.91%.
Our recommended stop-loss: 62.61€ (-3.68%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 40 days ago.)
Trading Expectations (COFB.BB) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Cofinimmo SA to open at 64.80€, and during the day (based on 14 day Average True Range), to move between 63.56€ and 66.44€, which gives a possible trading interval of +/-1.44€ (+/-2.22%) up or down from last closing price. If Cofinimmo SA takes out the full calculated possible swing range there will be an estimated 4.43% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 58.35€, some 6.65€ (10.23%) from the current price of 65.00€, our system finds the risk reward attractive.
Is Cofinimmo SA stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Cofinimmo SA stock to perform well in the short-term period.
Current score: 4.142 Buy Candidate Unchanged
Predicted Opening Price for Cofinimmo SA of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 64.80€ ( 0.308%) | 65.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COFB.BB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 67.50 | 3.85 % | |
| R2 | 66.47 | 2.26 % | ||
| R1 | 65.83 | 1.28 % | ||
| Current price: | 65.00 | |||
| Support | S1 | 63.77 | -1.89 % | |
| S2 | 63.13 | -2.87 % | ||
| S3 | 62.10 | -4.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 65.00 | |||
| Support | S1 | 58.35 | -10.23% | |
| S2 | 57.70 | -11.23% | ||
| S3 | 57.50 | -11.54% |
COFB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 13, 2024 | May 13, 2024 | May 13, 2024 | 0€ | 0% |
| 2 | May 15, 2023 | May 15, 2023 | May 15, 2023 | 6.20€ | 0% |
| 3 | May 16, 2022 | May 16, 2022 | May 16, 2022 | 6.00€ | 0% |
| 4 | May 17, 2021 | May 17, 2021 | May 17, 2021 | 5.80€ | 0% |
| 5 | Apr 26, 2019 | May 18, 2020 | Jun 09, 2020 | 5.60€ | 0% |
FAQ
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