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Coupa Software Incorporated Stock Forecast NASDAQ:COUP

$172.94 (2.33%)

Volume: 6M

Closed: Dec 08, 2021

Hollow Logo Score: -2.724

Coupa Software Incorporated Stock Forecast

$172.94 (2.33%)

Volume: 6M

Closed: Dec 08, 2021

Score Hollow Logo -2.724
Which way will COUP go? Request
Key Stats
P/E Ratio -41.13
Beta 1.36
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 80 ] RSI14 is 15 and the stock is extremely oversold on RSI14 and is now having a minor correction up. Further gains in the short-term can be expected, and some stocks will provide a very good short-term return from this kind of RSI position unless there is a fundamental risk for bankruptcy or other issues that may affect the stock negatively.

Coupa Software Incorporated stock upgraded from Strong Sell Candidate to Sell Candidate after Wednesday trading session.
(Updated on Dec 08, 2021)


Sell candidate since 2021-11-16 Loss -25.61%

The Coupa Software Incorporated stock price gained 2.33% on the last trading day (Wednesday, 8th Dec 2021), rising from $169.00 to $172.94. During the day the stock fluctuated 7.69% from a day low at $161.56 to a day high of $173.98. The price has fallen in 6 of the last 10 days and is down by -14.08% for this period. Volume fell on the last day by -780 thousand shares and in total, 6 million shares were bought and sold for approximately $992.04 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $168.13 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -19.45% during the next 3 months and, with a 90% probability hold a price between $135.43 and $182.89 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, December 07, 2021, and so far it has risen 2.33%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Coupa Software Incorporated stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $177.47 and $217.55. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

Coupa Software Incorporated finds support from accumulated volume at $170.74 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $12.42 between high and low, or 7.69%. For the last week, the stock has had a daily average volatility of 8.73%.

Coupa Software Incorporated is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Coupa Software Incorporated stock A Buy?

Coupa Software Incorporated holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -2.724

Predicted Opening Price for Coupa Software Incorporated of Thursday, December 9, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 9, 2021 Current price
$169.49 $172.94 (Overvalued)
Sell Candidate Upgraded

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Analyst Ratings

On Dec 07, 2021 "Wells Fargo & Company" gave "$270.00 - $190.00" rating for COUP. The price target was changed from $172.73 to 0.8%.

Volatility and Risk
Daily Average Volatility: 8.73 %
Overall Risk: Very High High Medium Low Very Low
Volatility
8.73 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $174.10
Price: $172.94
Support: $170.74

COUP Insider Trading Show all Trades

INSIDER POWER

0.490

Last 100 transactions
Buy: 73 823 | Sell: 150 510 (Shares)
Date Action Amount Person Type
Oct 18, 2021 Sell 50 000 Bernshteyn Robert Stock Option (Right to Buy)
Oct 18, 2021 Sell 1 070 Bernshteyn Robert Common Stock
Oct 18, 2021 Sell 2 400 Bernshteyn Robert Common Stock
Oct 18, 2021 Sell 3 417 Bernshteyn Robert Common Stock
Oct 18, 2021 Sell 26 055 Bernshteyn Robert Common Stock
Show all Insider Trades
INSIDER POWER

0.490

Last 100 transactions
Buy: 73 823 | Sell: 150 510 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 181.91 5.19 %
177.17 2.45 %
174.24 0.75 %
Current price: 172.94
Support 164.75 -4.74 %
161.82 -6.43 %
157.07 -9.17 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 215.47 24.59 %
177.29 2.52 %
174.10 0.67 %
Current price 172.94
Support 170.74 -1.27%
169.00 -2.28%
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