VOLUME
Sell
TREND
Sell
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

CODA Forecast and Technical Stock Analysis

Hold candidate since 2019-07-17

No changes to the price of Coda Octopus Group Inc in the last trading day ( Wednesday, 17th Jul 2019 ). During day the stock fluctuated 3.22% from a day low at $12.25 to a day high of $12.65. The price has fallen in 5 of the last 10 days and is down by -1.19% for this period.

Quick summary:

  • 30 day high of the CODA stock price was $15.64 and low was $11.65.
  • 90 day high was $19.20 and low was $9.08.
  • 52 week high for the Coda Octopus Group Inc - $19.20 and low - $3.91.
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Trend

Coda Octopus Group Inc lies in the middle of a very wide and 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 -14.40% during the next 3 months and, with 90% probability hold a price between $7.07 and $14.31 at the end of this period.

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Signals

Coda Octopus Group Inc holds buy signals from both short- and long-term moving averages. In addition, 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 $12.36 and $12.32. A break down 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 sales signal was issued from a pivot top point on Tuesday July 16, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention for the next couple of days.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 80 ]

RSI14 is 47 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

Coda Octopus Group Inc finds support from accumulated volume at $12.28.

Support: $12.28 Price: $12.50 Resistance: $13.05

Risk

This stock may move much during a 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 $0.40 between high and low, or 3.22%. For the last week, the stock has had a daily average volatility of 4.97%.

Our recommended stoploss: $11.89 (-4.90%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 days ago.)

4.97 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Downgraded

Evaluation

Coda Octopus Group Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

Previous Hold Today CODA ranks #2572 as HOLD CANDIDATE #2572 Next Hold

Will CODA stock price go up or down on Fri, 19 Jul 2019?

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