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$265.62 (0.36%)

Volume: 138k

Closed: Dec 08, 2021

Hollow Logo Score: 3.372

Coherent Stock Forecast

$265.62 (0.36%)

Volume: 138k

Closed: Dec 08, 2021

Score Hollow Logo 3.372
Which way will COHR go? Request
Wed, Dec 08, 2021 Buy Candidate Upgraded
Stop-loss: $254.54 (-4.17%)
Key Stats
P/E Ratio -30.72
Beta 0.8
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 68 and the stock is currently not being overbought or oversold

Coherent stock upgraded to Buy Candidate.
(Updated on Dec 08, 2021)


Buy or Hold candidate since 2021-10-28 Gain 4.73%

The Coherent stock price gained 0.36% on the last trading day (Wednesday, 8th Dec 2021), rising from $264.67 to $265.62. , and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the day the stock fluctuated 0.80% from a day low at $264.70 to a day high of $266.83. The price has risen in 8 of the last 10 days and is up by 2.47% over the past 2 weeks. Volume fell on the last day by -60 thousand shares and in total, 138 thousand shares were bought and sold for approximately $36.53 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 has broken the narrow and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $264.71, a level that may pose a second chance to hit a runner. According to fan-theory $276.24 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

Signals & Forecast

The Coherent 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 $260.56 and $257.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 3.23%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, October 14, 2021 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Thursday, October 14, 2021 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Sell
Special Signal Notification

Double Top Formation

Double Top Formation

Support, Risk & Stop-loss

Coherent finds support from accumulated volume at $259.77 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $2.13 between high and low, or 0.80%. For the last week the stock has had a daily average volatility of 1.23%.

Since the Coherent has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $254.54 (-4.17%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)

Is Coherent stock A Buy?

Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for Coherent stock to perform well in the short-term period. Due to a possible false trend-break listing stock as pure buy candidate is held back. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.372

Predicted Opening Price for Coherent of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$265.72 $265.62 (Undervalued)
Buy Candidate Upgraded

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Analyst Ratings

On Oct 04, 2021 "Stifel Nicolaus" gave "" rating for COHR. The price target was set to $253.12+1.2%.

Volatility and Risk
Daily Average Volatility: 1.23 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.23 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

No Resistance Found
Price: $265.62
Support: $259.77

COHR Insider Trading Show all Trades

INSIDER POWER

1.751

Last 100 transactions
Buy: 229 867 | Sell: 131 298 (Shares)
Date Action Amount Person Type
Nov 15, 2021 Sell 584 Dimarco Bret Common Stock
Nov 15, 2021 Sell 2 494 Palatnik Kevin S. Common Stock
Nov 15, 2021 Sell 849 Sobey Mark Stewart Common Stock
Nov 13, 2021 Buy 2 864 Sobey Mark Stewart Performance Restricted Stock Unit
Nov 13, 2021 Sell 2 101 Sobey Mark Stewart Common Stock
Show all Insider Trades
INSIDER POWER

1.751

Last 100 transactions
Buy: 229 867 | Sell: 131 298 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 267.85 0.84 %
267.03 0.53 %
266.53 0.34 %
Current price: 265.62
Support 264.90 -0.27 %
264.40 -0.46 %
263.59 -0.77 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
0 .
Current price 265.62
Support 259.77 -2.20%
250.83 -5.57%
250.76 -5.59%

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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... Read more

Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

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