Coach Inc Fund Forecast
Red day on Tuesday for Coach Inc
(Updated on Jan 16, 2018)
No changes to the price of Coach Inc fund on the last trading day (Tuesday, 16th Jan 2018). During the last trading day the fund fluctuated 0% from a day low at $39.90 to a day high of $39.90. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fund is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Coach Inc fund with a 90% probability to be traded between $39.56 and $40.47 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 funds seldom manage to go directly from the bottom of a trend up to the top. Funds turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
COH Signals & Forecast
The Coach Inc fund 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 $39.90 and $39.89. A breakdown 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 sell signal was issued from a pivot top point on Thursday, October 26, 2017, and so far it has fallen -1.21%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Coach Inc fund
Coach Inc finds support from accumulated volume at $39.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%
Coach Inc is oversold on RSI14 (21). Some funds may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $38.00 (-4.75%) (This fund has low daily movements and this gives low risk. Low RSI14 is 21 which reduces the risk some. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (COH) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect Coach Inc to open at $39.90, and during the day (based on 14 day Average True Range), to move between $39.58 and $40.22, which gives a possible trading interval of +/-$0.316 (+/-0.79%) up or down from last closing price. If Coach Inc takes out the full calculated possible swing range there will be an estimated 1.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $39.80 (0.25%) than the resistance at $40.26 (0.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Coach Inc fund 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 Coach Inc fund to perform well in the short-term period.
Current score: 1.819 Buy Candidate Unchanged
Predicted Opening Price for Coach Inc of Wednesday, January 17, 2018
| Fair opening price January 17, 2018 | Current price |
|---|---|
| $39.90 ( 0%) | $39.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.90 | . | |
| R2 | 39.90 | . | ||
| R1 | 39.90 | . | ||
| Current price: | 39.90 | |||
| Support | S1 | 39.90 | . | |
| S2 | 39.90 | . | ||
| S3 | 39.90 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 40.39 | 1.23 % | |
| R2 | 40.35 | 1.13 % | ||
| R1 | 40.26 | 0.90 % | ||
| Current price | 39.90 | |||
| Support | S1 | 39.80 | -0.251% | |
| S2 | 39.64 | -0.652% | ||
| S3 | 39.47 | -1.08% |
FAQ
Click here for our free guide on how to buy Coach Inc Fund.
