Coor Service Management Holding AB Stock Forecast
Evaluation of Coor Service Management Holding AB stock downgraded after the last trading session.
(Updated on May 27, 2024)
The Coor Service Management Holding AB stock price fell by -0.282% on the last day (Monday, 27th May 2024) from kr49.62 to kr49.48. During the last trading day the stock fluctuated 1.88% from a day low at kr48.98 to a day high of kr49.90. The price has fallen in 6 of the last 10 days but is still up by 1.6% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -13 thousand shares and in total, 209 thousand shares were bought and sold for approximately kr10.34 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 3.44% during the next 3 months and, with a 90% probability hold a price between kr48.56 and kr54.59 at the end of this 3-month period.
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COOR.ST Signals & Forecast
The Coor Service Management Holding AB 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 kr49.07 and kr48.74. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 6.41%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Coor Service Management Holding AB stock
Coor Service Management Holding AB finds support from accumulated volume at kr48.92 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved kr0.92 (1.88%) between high and low. For the last week, the stock has had daily average volatility of 2.17%.
Our recommended stop-loss: kr47.63 (-3.74%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (COOR.ST) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Coor Service Management Holding AB to open at kr49.45, and during the day (based on 14 day Average True Range), to move between kr48.15 and kr50.81, which gives a possible trading interval of +/-kr1.33 (+/-2.69%) up or down from last closing price. If Coor Service Management Holding AB takes out the full calculated possible swing range there will be an estimated 5.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr49.60 (0.24%) than the support at kr48.92 (1.13%), 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 Coor Service Management Holding AB 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 Coor Service Management Holding AB stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.503 Buy Candidate Downgraded
Predicted Opening Price for Coor Service Management Holding AB of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| kr49.45 ( 0.0539%) | kr49.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COOR.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.37 | 1.81 % | |
| R2 | 50.02 | 1.10 % | ||
| R1 | 49.80 | 0.656 % | ||
| Current price: | 49.48 | |||
| Support | S1 | 49.10 | -0.764 % | |
| S2 | 48.88 | -1.20 % | ||
| S3 | 48.53 | -1.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 51.20 | 3.48 % | |
| R2 | 50.35 | 1.76 % | ||
| R1 | 49.60 | 0.243 % | ||
| Current price | 49.48 | |||
| Support | S1 | 48.92 | -1.13% | |
| S2 | 48.80 | -1.37% | ||
| S3 | 48.40 | -2.18% |
COOR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 03, 2024 | Oct 03, 2024 | Oct 09, 2024 | kr0.600 | 1.21% |
| 2 | Apr 29, 2024 | Apr 29, 2024 | Apr 29, 2024 | kr0 | 0% |
| 3 | Apr 28, 2023 | Apr 28, 2023 | Apr 28, 2023 | kr2.40 | 3.60% |
| 4 | Oct 06, 2022 | Oct 06, 2022 | Oct 06, 2022 | kr2.40 | 3.19% |
| 5 | May 02, 2022 | May 02, 2022 | May 02, 2022 | kr2.40 | 2.64% |
FAQ
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