Green day on Wednesday for Zentek Ltd.

The Zentek Ltd. stock price gained 4.39% on the last trading day (Wednesday, 5th Mar 2025), rising from $0.94 to $0.98. During the last trading day the stock fluctuated 8.78% from a day low at $0.91 to a day high of $0.99. The price has fallen in 6 of the last 10 days and is down by -6.67% for this period. Volume fell on the last day by -35 thousand shares and in total, 16 thousand shares were bought and sold for approximately $15.28 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Zentek Ltd. stock with a 90% probability to be traded between $0.89 and $1.22 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 stock seldom manage to go directly from the bottom of a trend up to the top. Stock turning up in the middle of a horizontal trend are therefore considered to be potential runners.

There are mixed signals in the stock today. The Zentek Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $1.07. On a fall, the stock will find some support from the short-term average at $0.95. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, February 28, 2025, and so far it has risen 7.69%. Further rise is indicated until a new top pivot has been found.

Zentek Ltd. finds support from accumulated volume at $0.93 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 $0.0799 between high and low, or 8.78%. For the last week the stock has had daily average volatility of 7.99%.

Zentek Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.