Cogna Educação S.A. Stock Forecast
Cogna Educação S.A. stock price ended at R$2.04 on Friday, after losing 1.45%.
(Updated on May 17, 2024)
The Cogna Educação S.A. stock price fell by -1.45% on the last day (Friday, 17th May 2024) from R$2.07 to R$2.04. During the last trading day the stock fluctuated 1.96% from a day low at R$2.04 to a day high of R$2.08. The price has fallen in 6 of the last 10 days and is down by -11.3% 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 -11 million shares and in total, 13 million shares were bought and sold for approximately R$26.29 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -20.52% during the next 3 months and, with a 90% probability hold a price between R$1.38 and R$1.92 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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COGN3.SA 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 Cogna Educação 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 R$2.07 and R$2.16. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -11.30%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Cogna Educação S.A. stock
Cogna Educação S.A. finds support from accumulated volume at R$2.00 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 R$0.0400 between high and low, or 1.96%. For the last week, the stock has had daily average volatility of 3.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (COGN3.SA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Cogna Educação S.A. to open at R$2.05, and during the day (based on 14 day Average True Range), to move between R$1.94 and R$2.14, which gives a possible trading interval of +/-R$0.103 (+/-5.03%) up or down from last closing price. If Cogna Educação S.A. takes out the full calculated possible swing range there will be an estimated 10.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at R$2.00 (1.96%) than the resistance at R$2.17 (6.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cogna Educação S.A. stock A Buy?
Cogna Educação S.A. holds several negative signals and is within a very wide and 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.
Current score: -2.248 Sell Candidate Unchanged
Predicted Opening Price for Cogna Educação S.A. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| R$2.05 ( 0.654%) | R$2.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COGN3.SA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.09 | 2.61 % | |
| R2 | 2.08 | 1.87 % | ||
| R1 | 2.07 | 1.40 % | ||
| Current price: | 2.04 | |||
| Support | S1 | 2.04 | -0.0954 % | |
| S2 | 2.03 | -0.558 % | ||
| S3 | 2.01 | -1.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.48 | 21.57 % | |
| R2 | 2.37 | 16.18 % | ||
| R1 | 2.17 | 6.37 % | ||
| Current price | 2.04 | |||
| Support | S1 | 2.00 | -1.96% | |
| S2 | 1.97 | -3.43% | ||
| S3 | 1.94 | -4.90% |
COGN3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 21, 2019 | Nov 21, 2019 | Nov 21, 2019 | R$0.0047 | 0.0450% |
| 2 | Aug 21, 2019 | Aug 21, 2019 | Aug 21, 2019 | R$0.0337 | 0.302% |
| 3 | May 22, 2019 | May 22, 2019 | May 22, 2019 | R$0.0555 | 0.586% |
| 4 | Apr 05, 2019 | Apr 05, 2019 | Apr 05, 2019 | R$0.0264 | 0.248% |
| 5 | Nov 19, 2018 | Nov 19, 2018 | Nov 19, 2018 | R$0.0812 | 0.750% |
FAQ
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