Cognor Holding S.A. Stock Forecast

Stronger technical forecast for Cognor Holding S.A. stock price after Tuesday trading.
(Updated on May 21, 2024)

COG.WA 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 Cognor Holding S.A. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 8.47zł and 8.71zł. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -16.15%. 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 Cognor Holding S.A. stock

Cognor Holding S.A. finds support from accumulated volume at 8.14zł 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.130zł between high and low, or 1.61%. For the last week the stock has had daily average volatility of 3.55%.

Our recommended stop-loss: 7.67zł (-6.22%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 52 days ago.)

Trading Expectations (COG.WA) For The Upcoming Trading Day Of Wednesday 22nd

For the upcoming trading day on Wednesday, 22nd we expect Cognor Holding S.A. to open at 8.17zł, and during the day (based on 14 day Average True Range), to move between 7.84zł and 8.51zł, which gives a possible trading interval of +/-0.340zł (+/-4.16%) up or down from last closing price. If Cognor Holding S.A. takes out the full calculated possible swing range there will be an estimated 8.31% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 8.14zł (0.43%) than the resistance at 8.30zł (1.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Cognor Holding S.A. stock A Buy?

Cognor Holding S.A. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.685 Hold/Accumulate Upgraded

Predicted Opening Price for Cognor Holding S.A. of Wednesday, May 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.