Cohu Stock Forecast
Stronger technical forecast for Cohu stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The Cohu stock price gained 3.21% on the last trading day (Tuesday, 2nd Jul 2024), rising from $32.39 to $33.43. During the last trading day the stock fluctuated 3.58% from a day low at $32.39 to a day high of $33.55. The price has been going up and down for this period, and there has been a 5.76% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 27 thousand more shares were traded than the day before. In total, 249 thousand shares were bought and sold for approximately $8.34 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.02% during the next 3 months and, with a 90% probability hold a price between $31.62 and $36.33 at the end of this 3-month period.
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COHU Signals & Forecast
The Cohu 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 $32.33 and $31.47. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 16.16%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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).
Support, Risk & Stop-loss for Cohu stock
Cohu finds support from accumulated volume at $33.10 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 $1.16 between high and low, or 3.58%. For the last week the stock has had daily average volatility of 3.49%.
Our recommended stop-loss: $32.19 (-3.72%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 65 days ago.)
Trading Expectations (COHU) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Cohu to open at $33.12, and during the day (based on 14 day Average True Range), to move between $32.45 and $34.41, which gives a possible trading interval of +/-$0.98 (+/-2.92%) up or down from last closing price. If Cohu takes out the full calculated possible swing range there will be an estimated 5.83% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $33.10, some $0.330 (0.99%) from the current price of $33.43, our system finds the risk reward attractive.
Is Cohu stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Cohu stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.101 Buy Candidate Upgraded
Predicted Opening Price for Cohu of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $33.12 ( 0.92%) | $33.43 |
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 | 34.28 | 2.55% |
| R2 | 33.84 | 1.23% |
| R1 | 33.57 | 0.408% |
| Price | 33.43 | |
| S1 | 32.68 | -2.24% |
| S2 | 32.41 | -3.06% |
| S3 | 31.96 | -4.39% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 33.43 | |
| S1 | 33.10 | -0.99% |
| S2 | 31.99 | -4.31% |
| S3 | 29.60 | -11.46% |
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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