Coloplast A-S Stock Forecast
Green day on Tuesday for Coloplast A-S
(Updated on Jul 02, 2024)
The Coloplast A-S stock price gained 0.481% on the last trading day (Tuesday, 2nd Jul 2024), rising from kr832.40 to kr836.40. During the last trading day the stock fluctuated 1.23% from a day low at kr827.80 to a day high of kr838.00. The price has been going up and down for this period, and there has been a 0.72% 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, 18 thousand more shares were traded than the day before. In total, 132 thousand shares were bought and sold for approximately kr110.53 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.71% during the next 3 months and, with a 90% probability hold a price between kr700.97 and kr770.27 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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COLO-B.CO Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has risen 3.64%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The Coloplast A-S stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at kr841.80 and kr840.42. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Coloplast A-S stock
Coloplast A-S finds support from accumulated volume at kr830.40 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 kr10.20 between high and low, or 1.23%. For the last week the stock has had daily average volatility of 1.24%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (COLO-B.CO) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Coloplast A-S to open at kr834.07, and during the day (based on 14 day Average True Range), to move between kr821.43 and kr851.37, which gives a possible trading interval of +/-kr14.97 (+/-1.79%) up or down from last closing price. If Coloplast A-S takes out the full calculated possible swing range there will be an estimated 3.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr842.40 (0.72%) than the support at kr830.40 (0.72%), 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 Coloplast A-S stock A Buy?
Coloplast A-S holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.542 Sell Candidate Unchanged
Predicted Opening Price for Coloplast A-S of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| kr834.07 ( 0.279%) | kr836.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COLO-B.CO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 844.27 | 0.94% |
| R2 | 840.37 | 0.475% |
| R1 | 837.96 | 0.187% |
| Price | 836.40 | |
| S1 | 830.17 | -0.745% |
| S2 | 827.76 | -1.03% |
| S3 | 823.87 | -1.50% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 863.40 | 3.23% |
| R2 | 845.20 | 1.05% |
| R1 | 842.40 | 0.717% |
| Price | 836.40 | |
| S1 | 830.40 | -0.717% |
| S2 | 829.60 | -0.81% |
| S3 | 824.80 | -1.39% |
COLO-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 13, 2024 | May 13, 2024 | May 15, 2024 | kr5.00 | 0.597% |
| 2 | Dec 08, 2023 | Dec 08, 2023 | Dec 12, 2023 | kr16.00 | 2.13% |
| 3 | May 15, 2023 | May 15, 2023 | May 15, 2023 | kr5.00 | 0.543% |
| 4 | Dec 02, 2022 | Dec 02, 2022 | Dec 02, 2022 | kr15.00 | 1.72% |
| 5 | May 09, 2022 | May 09, 2022 | May 09, 2022 | kr5.00 | 0.588% |
FAQ
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