Travelzoo Inc. Stock Forecast
Travelzoo Inc. stock price ended at $10.18 on Thursday, after losing 3.96%.
(Updated on Mar 28, 2024)
The Travelzoo Inc. stock price fell by -3.96% on the last day (Thursday, 28th Mar 2024) from $10.60 to $10.18. During the last trading day the stock fluctuated 6.82% from a day low at $10.10 to a day high of $10.79. The price has risen in 6 of the last 10 days and is up by 2% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -21 thousand shares and in total, 81 thousand shares were bought and sold for approximately $824.72 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.64% during the next 3 months and, with a 90% probability hold a price between $9.97 and $12.54 at the end of this 3-month period.
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TZOO Signals & Forecast
The Travelzoo Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $10.55. On a fall, the stock will find some support from the long-term average at approximately $9.49. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Tuesday, March 26, 2024, and so far it has fallen -7.37%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Travelzoo Inc. stock
Travelzoo Inc. finds support from accumulated volume at $10.08 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.689 between high and low, or 6.82%. For the last week the stock has had daily average volatility of 5.71%.
Our recommended stop-loss: $9.58 (-5.86%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (TZOO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Travelzoo Inc. to open at $10.36, and during the day (based on 14 day Average True Range), to move between $9.64 and $10.72, which gives a possible trading interval of +/-$0.539 (+/-5.29%) up or down from last closing price. If Travelzoo Inc. takes out the full calculated possible swing range there will be an estimated 10.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.08 (0.98%) than the resistance at $10.35 (1.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Travelzoo Inc. 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 Travelzoo Inc. stock to perform well in the short-term.
Current score: 2.598 Buy Candidate Unchanged
Predicted Opening Price for Travelzoo Inc. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$10.36 ( 1.74%) | $10.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TZOO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.05 | 8.51 % | |
R2 | 10.78 | 5.92 % | ||
R1 | 10.62 | 4.32 % | ||
Current price: | 10.18 | |||
Support | S1 | 10.09 | -0.85 % | |
S2 | 9.93 | -2.44 % | ||
S3 | 9.67 | -5.03 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.73 | 5.40 % | |
R2 | 10.54 | 3.54 % | ||
R1 | 10.35 | 1.67 % | ||
Current price | 10.18 | |||
Support | S1 | 10.08 | -0.98% | |
S2 | 9.60 | -5.70% | ||
S3 | 9.45 | -7.17% |
FAQ
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