RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of COA.L
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Weaker technical forecast for Coats Group Plc as stock downgraded to Buy Candidate.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 12, 2024 Gain 8.20% PDF

The Coats Group Plc stock price gained 0.122% on the last trading day (Wednesday, 27th Mar 2024), rising from £81.70 to £81.80. During the last trading day the stock fluctuated 1.48% from a day low at £81.10 to a day high of £82.30. The price has risen in 7 of the last 10 days and is up by 6.65% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 1 million shares were bought and sold for approximately £115.29 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.

Given the current short-term trend, the stock is expected to rise 5.29% during the next 3 months and, with a 90% probability hold a price between £72.34 and £86.13 at the end of this 3-month period.

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COA.L Signals & Forecast

Mostly positive signals in the chart today. The Coats Group Plc 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 £79.76 and £72.84. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 28, 2024, and so far it has risen 21.36%. 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). 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 Coats Group Plc stock

On the downside, the stock finds support just below today's level from accumulated volume at £71.00 and £69.80. 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, Coats Group Plc finds support just below today's level at £71.00. If this is broken, then the next support from accumulated volume will be at £69.80 and £69.30.

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 £1.20 between high and low, or 1.48%. For the last week, the stock has had daily average volatility of 2.84%.

The Coats Group Plc stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: £77.82 (-4.86%) (This stock has high daily movements and this gives high risk. The RSI14 is 82 and this increases the risk substantially. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (COA.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Coats Group Plc to open at £81.73, and during the day (based on 14 day Average True Range), to move between £79.59 and £84.01, which gives a possible trading interval of +/-£2.21 (+/-2.70%) up or down from last closing price. If Coats Group Plc takes out the full calculated possible swing range there will be an estimated 5.41% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ £71.00, some £10.80 (13.20%) from the current price of £81.80, our system finds the risk reward attractive.

Is Coats Group Plc 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 Coats Group Plc 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: 3.760 Buy Candidate Downgraded

Predicted Opening Price for Coats Group Plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£81.73 ( 0.0815%) £81.80

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

Trading levels for COA.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 82.93 1.39 %
R2 82.47 0.83 %
R1 82.19 0.479 %
Current price: 81.80
Support S1 81.27 -0.642 %
S2 80.99 -0.99 %
S3 80.53 -1.55 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 81.80
Support S1 71.00 -13.20%
S2 69.80 -14.67%
S3 69.30 -15.28%

COA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 02, 2024 May 02, 2024 May 30, 2024 £1.55 1.89%
2 Mar 02, 2023 Apr 27, 2023 May 25, 2023 £1.73 2.49%
3 Aug 02, 2022 Oct 20, 2022 Nov 16, 2022 £0.700 1.05%
4 Mar 03, 2022 Apr 28, 2022 May 25, 2022 £1.50 2.15%
5 Aug 03, 2021 Oct 21, 2021 Nov 16, 2021 £0.610 0.90%

FAQ

What is the symbol for Coats Group Plc Stock and on which exchange is it traded?
The symbol for Coats Group Plc is COA.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Coats Group Plc Stock?
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 Coats Group Plc 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.

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

What's the current price of Coats Group Plc Stock?
As of the end of day on the 2024-03-27, the price of an Coats Group Plc (COA.L) share was £81.80.

What is the 52-week high and low for Coats Group Plc Stock?
The 52-week high for Coats Group Plc Stock is £82.70 and the 52-week low is £63.50.

What is the market capitalization of Coats Group Plc Stock?
As of the 2024-03-27, the market capitalization of Coats Group Plc is 1.307B.

When is the next earnings date for Coats Group Plc?
The upcoming earnings date for Coats Group Plc is Jul 30, 2024.
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About Coats Group Plc

Coats Group Plc Coats Group plc, together with its subsidiaries, manufactures and supplies industrial threads worldwide. The company provides apparel and footwear, and accessories threads for sport/athleisure, denim, women wear, menswear, children's wear, leather wear, workwear, footwear, and intimates and underwear under Epic, Dual Duty, Seamsoft, Nylbond, Gral, Gramax, Astra, Sylko, Knit, EcoVerde, Eloflex, and Drybond brands; zips, trims, and crafting's for u... COA.L Profile

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