COSO Should I Buy

COSO is not a good buy right now for a beginner long-term investor who is unwilling to wait for better entry points. While the business posted strong YoY growth in the latest quarter, near-term price action is weakening (negative MACD momentum, pre-market selling, and pattern-based downside odds over the next week/month). I would hold off and only consider buying after the stock reclaims and holds above the 23.92–24.44 area with improving momentum.

Trend/price: Current price 23.68 is below the pivot (23.915) and showing pre-market weakness (-3.03%), which increases the odds of testing support. Momentum: MACD histogram is negative (-0.0118) and expanding negatively, implying bearish momentum is building. RSI(6) ~49.99 is neutral, so there’s no oversold bounce signal yet. Moving averages: SMA_5 > SMA_20 > SMA_200 is bullish structurally (longer-term uptrend intact), but momentum has turned down short-term. Levels: Support S1 23.388 then S2 23.062. Resistance R1 24.442 then R2 24.768. A break below 23.39 increases risk of a move toward ~23.06. Pattern odds provided: ~50% chance of -6.81% next week and -6.94% next month, which argues against buying immediately if you don’t want to wait. **Intellectia Proprietary Trading Signals** - [AI Stock Picker](module://ai_stock_pick): no signal on given stock today. - [SwingMax](module://swingmax): No signal on given stock recently.