Help us make better tools for you!. Read more (Published: 2017-01-12)

ZUMZ - Zumiez Inc. Fri 13'th Jan 2017

Industry: Specialty Retail, Other Sector: Services
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Hold/Accumulate

Score: 0.40

#3454 of 5193
Trend:
MV Long:
MV Short:
Pivot:
Volume:
MACD:
Accuracy: 84.38%
Risk: High
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Stock analysis for Fri 13'th Jan 2017 (Updated daily)

Hold candidate since 2017-01-13

Zumiez Inc. Stock Analysis


Zumiez Inc. gained 1.28% in the last trading day rising from, USD 19.60 to USD 19.85. The price has been going up and down for this period, and there has been a -9.36% loss for the last 2 weeks. Volume fell in the last day by -123 296 shares and ,in total, 140 796 shares bought and sold for approximately USD 2.79 million. You should note that falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

Zumiez Inc. lays in the lower of a very wide and weak falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at USD 19.58 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.5% during the next 3 months and, with 90% probability will hold a price between USD 18.51 and USD 23.99 at the end of this period.

Signals

A buy signal was issued from a pivot bottom point on Thursday January 12, 2017, which indicates further gains 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 may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Zumiez Inc. holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at USD 19.97 and USD 23.05. A break-up above any of these levels will issue buy signals.

Relative Strength Index (RSI)

RSI14 is 40 and the stock is currently not being overbought or oversold

Support & Resistance

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days. On the upside the stock meets some resistance from accumulated volume at USD 24.05, USD 24.55 and USD 24.70.

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 USD 0.38 between high and low, or 1.93%. For the last week, the stock has had a daily average volatility of 4.88%.

Our recommended stoploss: USD 19.78 (-0.35%) ( criteria: risk and position in trend)

Evaluation

Zumiez Inc. holds several negative signals and isolated this should give a sell recommendiation, but due to general chance for a turnaround situation we recommend a hold or accumulate position awaiting further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.

Hold/Accumulate


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