Cosmo Pharmaceuticals N.V. Stock Forecast
Cosmo Pharmaceuticals N.V. stock upgraded to Buy Candidate.
(Updated on May 17, 2024)
The Cosmo Pharmaceuticals N.V. stock price fell by -0.82% on the last day (Friday, 17th May 2024) from 73.50 Fr to 72.90 Fr. During the last trading day the stock fluctuated 0.82% from a day low at 72.80 Fr to a day high of 73.40 Fr. The price has been going up and down for this period, and there has been a 1.82% gain for the last 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 -17 thousand shares and in total, 7 thousand shares were bought and sold for approximately 521.16 Fr thousand.
The stock lies in the middle of a wide and strong 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 12.23% during the next 3 months and, with a 90% probability hold a price between 77.10 Fr and 86.87 Fr at the end of this 3-month period.
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COPN.SW Signals & Forecast
The Cosmo Pharmaceuticals N.V. 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 72.21 Fr and 71.21 Fr. A breakdown below any of these levels will issue sell signals. 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 Wednesday, April 24, 2024, and so far it has fallen -3.19%. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Cosmo Pharmaceuticals N.V. stock
Cosmo Pharmaceuticals N.V. finds support from accumulated volume at 69.90 Fr 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.600 Fr between high and low, or 0.82%. For the last week the stock has had daily average volatility of 1.64%
Our recommended stop-loss: 69.82 Fr (-4.22%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (COPN.SW) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Cosmo Pharmaceuticals N.V. to open at 73.03 Fr, and during the day (based on 14 day Average True Range), to move between 71.30 Fr and 74.50 Fr, which gives a possible trading interval of +/-1.60 Fr (+/-2.19%) up or down from last closing price. If Cosmo Pharmaceuticals N.V. takes out the full calculated possible swing range there will be an estimated 4.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 73.50 Fr (0.82%) than the support at 69.90 Fr (4.12%), 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 Cosmo Pharmaceuticals N.V. 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 Cosmo Pharmaceuticals N.V. 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: 3.172 Buy Candidate Upgraded
Predicted Opening Price for Cosmo Pharmaceuticals N.V. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| 73.03 Fr ( 0.183%) | 72.90 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COPN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 73.63 | 1.01 % | |
| R2 | 73.40 | 0.692 % | ||
| R1 | 73.26 | 0.497 % | ||
| Current price: | 72.90 | |||
| Support | S1 | 72.80 | -0.132 % | |
| S2 | 72.66 | -0.326 % | ||
| S3 | 72.43 | -0.640 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 74.40 | 2.06 % | |
| R2 | 73.60 | 0.96 % | ||
| R1 | 73.50 | 0.82 % | ||
| Current price | 72.90 | |||
| Support | S1 | 69.90 | -4.12% | |
| S2 | 66.50 | -8.78% | ||
| S3 | 63.50 | -12.89% |
COPN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 28, 2024 | May 28, 2024 | May 28, 2024 | 0 Fr | 0% |
| 2 | May 31, 2023 | May 31, 2023 | Jun 02, 2023 | 1.05 Fr | 2.19% |
| 3 | Jun 01, 2022 | Jun 01, 2022 | Jun 03, 2022 | 0.95 Fr | 1.91% |
| 4 | May 31, 2022 | May 31, 2022 | Jun 03, 2022 | 0.95 Fr | 1.91% |
| 5 | Mar 24, 2017 | May 29, 2017 | May 31, 2017 | 1.50 Fr | 0.92% |
FAQ
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