0% commission for ETF tradesCohu Stock Forecast
AI Analysis of COHU
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Red day on Thursday for Cohu stock after losing 0.0839%
(Updated on Sep 12, 2024)
The Cohu stock price fell by -0.0839% on the last day (Thursday, 12th Sep 2024) from $23.83 to $23.81. During the last trading day the stock fluctuated 3.82% from a day low at $23.30 to a day high of $24.19. The price has fallen in 7 of the last 10 days and is down by -7.35% for this period. Volume has increased on the last day by 12 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 264 thousand shares were bought and sold for approximately $6.29 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $22.83 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -28.45% during the next 3 months and, with a 90% probability hold a price between $16.34 and $20.06 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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COHU Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, September 10, 2024, and so far it has risen 2.67%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Cohu 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 $24.07 and $26.27. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Cohu stock
Cohu finds support from accumulated volume at $23.35 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 $0.89 between high and low, or 3.82%. For the last week, the stock has had daily average volatility of 4.25%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (COHU) For The Upcoming Trading Day Of Friday 13th
For the upcoming trading day on Friday, 13th we expect Cohu to open at $23.77, and during the day (based on 14 day Average True Range), to move between $22.76 and $24.86, which gives a possible trading interval of +/-$1.05 (+/-4.41%) up or down from last closing price. If Cohu takes out the full calculated possible swing range there will be an estimated 8.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $23.35 (1.93%) than the resistance at $25.47 (6.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cohu stock A Buy?
Cohu holds several negative signals and is within a 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.
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Current score: -2.003 Sell Candidate Unchanged
Predicted Opening Price for Cohu of Friday, September 13, 2024
| Fair opening price September 13, 2024 | Current price |
|---|---|
| $23.77 ( 0.182%) | $23.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COHU
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.66 | 3.56% |
| R2 | 24.32 | 2.13% |
| R1 | 24.11 | 1.25% |
| Price | 23.81 | |
| S1 | 23.43 | -1.61% |
| S2 | 23.22 | -2.49% |
| S3 | 22.88 | -3.92% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.01 | 17.62% |
| R2 | 26.62 | 11.80% |
| R1 | 25.47 | 6.97% |
| Price | 23.81 | |
| S1 | 23.35 | -1.93% |
| S2 | 23.19 | -2.60% |
| S3 | 0 | - |
COHU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 11, 2020 | Feb 24, 2020 | Apr 09, 2020 | $0.0600 | 0.410% |
| 2 | Oct 31, 2019 | Nov 14, 2019 | Jan 02, 2020 | $0.0600 | 0.264% |
| 3 | Aug 05, 2019 | Aug 22, 2019 | Oct 18, 2019 | $0.0600 | 0.399% |
| 4 | May 06, 2019 | Jun 13, 2019 | Jul 26, 2019 | $0.0600 | 0.382% |
| 5 | Feb 12, 2019 | Feb 25, 2019 | Apr 12, 2019 | $0.0600 | 0.405% |
FAQ
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