RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CCA.TO
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Green day on Wednesday for Cogeco Communications Inc. stock after gaining 0.552%
(Updated on Mar 27, 2024)

Sell candidate since Mar 21, 2024 Gain 0.47% PDF

The Cogeco Communications Inc. stock price gained 0.552% on the last trading day (Wednesday, 27th Mar 2024), rising from $59.77 to $60.10. During the last trading day the stock fluctuated 2.00% from a day low at $59.36 to a day high of $60.55. The price has been going up and down for this period, and there has been a 0.3% gain for the last 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 32 thousand shares were bought and sold for approximately $1.95 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 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 -2.16% during the next 3 months and, with a 90% probability hold a price between $57.22 and $61.56 at the end of this 3-month period.

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CCA.TO Signals & Forecast

There are mixed signals in the stock today. The Cogeco Communications Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $60.50. On a fall, the stock will find some support from the short-term average at $59.74. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 2.68%. 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.

Support, Risk & Stop-loss for Cogeco Communications Inc. stock

Cogeco Communications Inc. finds support from accumulated volume at $59.95 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 $1.19 between high and low, or 2.00%. For the last week the stock has had daily average volatility of 2.12%.

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

Trading Expectations (CCA.TO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Cogeco Communications Inc. to open at $60.00, and during the day (based on 14 day Average True Range), to move between $58.86 and $61.34, which gives a possible trading interval of +/-$1.24 (+/-2.06%) up or down from last closing price. If Cogeco Communications Inc. takes out the full calculated possible swing range there will be an estimated 4.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $59.95 (0.25%) than the resistance at $60.75 (1.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Cogeco Communications Inc. stock A Buy?

Cogeco Communications Inc. 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: -2.090 Sell Candidate Unchanged

Predicted Opening Price for Cogeco Communications Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$60.00 ( 0.161%) $60.10

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

Trading levels for CCA.TO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 61.19 1.82 %
R2 60.74 1.06 %
R1 60.46 0.596 %
Current price: 60.10
Support S1 59.55 -0.92 %
S2 59.27 -1.38 %
S3 58.81 -2.14 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 61.12 1.70 %
R2 60.78 1.13 %
R1 60.75 1.08 %
Current price 60.10
Support S1 59.95 -0.250%
S2 59.72 -0.632%
S3 59.09 -1.68%

CCA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 11, 2024 Jan 23, 2024 Feb 07, 2024 $0.85 1.39%
2 Nov 02, 2023 Nov 14, 2023 Nov 29, 2023 $0.85 1.64%
3 Jul 14, 2023 Jul 26, 2023 Aug 10, 2023 $0.776 1.17%
4 Apr 26, 2023 Apr 26, 2023 Aug 10, 2023 $0.776 1.17%
5 Jan 13, 2023 Jan 25, 2023 May 11, 2023 $0.776 1.24%

FAQ

What is the symbol for Cogeco Communications Inc. Stock and on which exchange is it traded?
The symbol for Cogeco Communications Inc. is CCA.TO and it is traded on the TSX (Toronto Stock Exchange).

Should I buy or sell Cogeco Communications Inc. Stock?
Cogeco Communications Inc. 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.

How to buy Cogeco Communications Inc. Stock?
Cogeco Communications Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Cogeco Communications Inc. Stock.

What's the current price of Cogeco Communications Inc. Stock?
As of the end of day on the 2024-03-27, the price of an Cogeco Communications Inc. (CCA.TO) share was $60.10.

What is the 52-week high and low for Cogeco Communications Inc. Stock?
The 52-week high for Cogeco Communications Inc. Stock is $72.56 and the 52-week low is $50.78.

What is the market capitalization of Cogeco Communications Inc. Stock?
As of the 2024-03-27, the market capitalization of Cogeco Communications Inc. is 2.522B.

When is the next earnings date for Cogeco Communications Inc.?
The upcoming earnings date for Cogeco Communications Inc. is Apr 11, 2024.
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About Cogeco Communications Inc.

Cogeco Communications Inc. operates as a communications corporation in North America. It operates in two segments, Canadian Broadband Services and American Broadband Services. The company offers Internet, video, and telephony services to residential and business customers through its two-way broadband fiber networks. It provides Internet services using modems, Wi-Fi gateways, and extenders either on a rental basis or as part of the Internet servi... CCA.TO Profile

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