Cooper-Standard Holdings Inc Stock Forecast
Stronger technical forecast for Cooper-Standard Holdings Inc stock price after Friday trading.
(Updated on May 03, 2024)
The Cooper-Standard Holdings Inc stock price gained 0.81% on the last trading day (Friday, 3rd May 2024), rising from $16.02 to $16.15. During the last trading day the stock fluctuated 5.35% from a day low at $15.99 to a day high of $16.85. The price has fallen in 6 of the last 10 days but is still up by 2.54% 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, 45 thousand more shares were traded than the day before. In total, 112 thousand shares were bought and sold for approximately $1.80 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Cooper-Standard Holdings Inc stock with a 90% probability to be traded between $13.75 and $19.59 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CPS Signals & Forecast
The Cooper-Standard Holdings Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $15.74 and $15.91. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 6.67%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Cooper-Standard Holdings Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $14.18 and $14.16. 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, Cooper-Standard Holdings Inc finds support just below today's level at $14.18. If this is broken, then the next support from accumulated volume will be at $14.16 and $13.53.
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 $0.85 between high and low, or 5.35%. For the last week, the stock has had daily average volatility of 4.63%.
Our recommended stop-loss: $15.36 (-4.91%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (CPS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Cooper-Standard Holdings Inc to open at $16.33, and during the day (based on 14 day Average True Range), to move between $15.35 and $16.95, which gives a possible trading interval of +/-$0.80 (+/-4.98%) up or down from last closing price. If Cooper-Standard Holdings Inc takes out the full calculated possible swing range there will be an estimated 9.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $17.26 (6.87%) than the support at $14.18 (12.20%), 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.
Earnings coming up
Cooper-Standard Holdings Inc will release earnings AMC on Monday, May 06, 2024.The consensus among the analysts for the expected earnings (EPS) is -$2.01. We will update the financials statements for Cooper-Standard Holdings Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.91% in the first trading day after earnings release.
Is Cooper-Standard Holdings Inc stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Cooper-Standard Holdings Inc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.066 Buy Candidate Upgraded
Predicted Opening Price for Cooper-Standard Holdings Inc of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$16.33 ( 1.10%) | $16.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CPS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 17.18 | 6.40 % | |
R2 | 16.86 | 4.38 % | ||
R1 | 16.65 | 3.13 % | ||
Current price: | 16.15 | |||
Support | S1 | 16.00 | -0.92 % | |
S2 | 15.80 | -2.17 % | ||
S3 | 15.47 | -4.19 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 19.20 | 18.89 % | |
R2 | 18.89 | 16.97 % | ||
R1 | 17.26 | 6.87 % | ||
Current price | 16.15 | |||
Support | S1 | 14.18 | -12.20% | |
S2 | 14.16 | -12.32% | ||
S3 | 13.53 | -16.22% |
FAQ
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