Cancom SE Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Thursday for Cancom SE stock after gaining 1.71%
(Updated on May 02, 2024)
The Cancom SE stock price gained 1.71% on the last trading day (Thursday, 2nd May 2024), rising from 29.30€ to 29.80€. During the last trading day the stock fluctuated 2.05% from a day low at 29.26€ to a day high of 29.86€. The price has risen in 6 of the last 10 days and is up by 0.81% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 896 more shares were traded than the day before. In total, 30 thousand shares were bought and sold for approximately 889.98€ thousand.
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 4.51% during the next 3 months and, with a 90% probability hold a price between 27.30€ and 32.41€ at the end of this 3-month period.
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COK.DE Signals & Forecast
The Cancom SE 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 29.65€ and 28.41€. A breakdown below any of these levels will issue sell signals. Cancom SE has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -3.06%. 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 Cancom SE stock
On the downside, the stock finds support just below today's level from accumulated volume at 27.82€ and 27.64€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Cancom SE finds support just below today's level at 27.82€. If this is broken, then the next support from accumulated volume will be at 27.64€ and 25.94€.
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 0.600€ between high and low, or 2.05%. For the last week the stock has had daily average volatility of 2.46%.
Our recommended stop-loss: 28.47€ (-4.47%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (COK.DE) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Cancom SE to open at 29.64€, and during the day (based on 14 day Average True Range), to move between 28.96€ and 30.64€, which gives a possible trading interval of +/-0.84€ (+/-2.81%) up or down from last closing price. If Cancom SE takes out the full calculated possible swing range there will be an estimated 5.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 29.96€ (0.54%) than the support at 27.82€ (6.64%), 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 Cancom SE stock A Buy?
Cancom SE holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.757 Hold/Accumulate Unchanged
Predicted Opening Price for Cancom SE of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| 29.64€ ( 0.537%) | 29.80€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COK.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.24 | 1.48 % | |
| R2 | 30.01 | 0.707 % | ||
| R1 | 29.87 | 0.232 % | ||
| Current price: | 29.80 | |||
| Support | S1 | 29.41 | -1.31 % | |
| S2 | 29.27 | -1.78 % | ||
| S3 | 29.04 | -2.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.64 | 2.82 % | |
| R2 | 29.98 | 0.604 % | ||
| R1 | 29.96 | 0.537 % | ||
| Current price | 29.80 | |||
| Support | S1 | 27.82 | -6.64% | |
| S2 | 27.64 | -7.25% | ||
| S3 | 25.94 | -12.95% |
COK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2024 | Jun 06, 2024 | Jun 06, 2024 | 0€ | 0% |
| 2 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | 1.00€ | 3.64% |
| 3 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | 1.00€ | 3.04% |
| 4 | Jun 30, 2021 | Jun 30, 2021 | Jun 30, 2021 | 0.750€ | 1.48% |
| 5 | Apr 28, 2020 | Jul 01, 2020 | Jul 01, 2020 | 0.500€ | 1.06% |
FAQ
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