Euroz Limited Stock Forecast

Euroz Limited stock price ended at $0.83 on Wednesday, after gaining 0.606%.
(Updated on Jun 26, 2024)

EZL.AX Signals & Forecast

Mostly positive signals in the chart today. The Euroz Limited stock 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 $0.83 and $0.82. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 4.40%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Euroz Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. The stock had a Golden Star Signal on Wednesday, April 24, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Euroz Limited stock

Euroz Limited finds support from accumulated volume at $0.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0120 between high and low, or 1.45%. For the last week the stock has had daily average volatility of 1.52%.

Our recommended stop-loss: $0.796 (-4.14%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 40 days ago.)

Trading Expectations (EZL.AX) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Euroz Limited to open at $0.83, and during the day (based on 14 day Average True Range), to move between $0.81 and $0.85, which gives a possible trading interval of +/-$0.0169 (+/-2.03%) up or down from last closing price. If Euroz Limited takes out the full calculated possible swing range there will be an estimated 4.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.84 (0.60%) than the support at $0.83 (0.60%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Euroz Limited stock 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 Euroz Limited stock to perform well in the short-term period.

Current score: 1.391 Buy Candidate Unchanged

Predicted Opening Price for Euroz Limited of Thursday, June 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.