RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of COHR
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Coherent stock price ended at $60.88 on Wednesday, after gaining 2.01%.
(Updated on Mar 27, 2024)

Sell candidate since Mar 26, 2024 Gain 2.01% PDF

The Coherent stock price gained 2.01% on the last trading day (Wednesday, 27th Mar 2024), rising from $59.68 to $60.88. During the last trading day the stock fluctuated 3.18% from a day low at $59.22 to a day high of $61.11. The price has been going up and down for this period, and there has been a -1.44% loss for the last 2 weeks. Volume fell on the last day by -431 thousand shares and in total, 2 million shares were bought and sold for approximately $99.92 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $60.09 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 50.45% during the next 3 months and, with a 90% probability hold a price between $90.40 and $111.01 at the end of this 3-month period.

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COHR Signals & Forecast

Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Coherent 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 $61.03 and $61.11. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -8.98%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Coherent stock

Coherent finds support from accumulated volume at $58.00 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 $1.89 between high and low, or 3.18%. For the last week, the stock has had daily average volatility of 3.98%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (COHR) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Coherent to open at $60.40, and during the day (based on 14 day Average True Range), to move between $58.17 and $63.59, which gives a possible trading interval of +/-$2.71 (+/-4.45%) up or down from last closing price. If Coherent takes out the full calculated possible swing range there will be an estimated 8.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $61.81 (1.53%) than the support at $58.00 (4.73%), 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 Coherent stock A Buy?

The Coherent stock holds several negative signals and despite the positive trend, we believe Coherent will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.121 Sell Candidate Unchanged

Predicted Opening Price for Coherent of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$60.40 ( 0.786%) $60.88

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

Trading levels for COHR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 62.29 2.31 %
R2 61.57 1.13 %
R1 61.12 0.397 %
Current price: 60.88
Support S1 59.68 -1.97 %
S2 59.24 -2.70 %
S3 58.52 -3.88 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 66.89 9.87 %
R2 61.89 1.66 %
R1 61.81 1.53 %
Current price 60.88
Support S1 58.00 -4.73%
S2 49.42 -18.82%
S3 48.69 -20.02%

COHR Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 10, 2012 Dec 17, 2012 Dec 27, 2012 $1.00 5.49%

FAQ

What is the symbol for Coherent Stock and on which exchange is it traded?
The symbol for Coherent is COHR and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Coherent Stock?
The Coherent stock holds several negative signals and despite the positive trend, we believe Coherent will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Coherent Stock?
Coherent Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Coherent Stock.

What's the current price of Coherent Stock?
As of the end of day on the 2024-03-27, the price of an Coherent (COHR) share was $60.88.

What is the 52-week high and low for Coherent Stock?
The 52-week high for Coherent Stock is $67.94 and the 52-week low is $26.29.

What is the market capitalization of Coherent Stock?
As of the 2024-03-27, the market capitalization of Coherent is 9.06B.

When is the next earnings date for Coherent?
The upcoming earnings date for Coherent is May 08, 2024.
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About Coherent

Coherent Coherent, Inc. supplies photonics-based solutions for a range of commercial and scientific research applications worldwide. It operates through two segments: Specialty Lasers and Systems, and Commercial Lasers and Components. The company designs, manufactures, services, and markets lasers, laser tools, precision optics, and related accessories. Its products are used in markets, such as microelectronics, materials processing, original equipment ma... COHR Profile

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