Euroz Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=25a8ebeec01b7b81c6d8306e42bbbe090ea218b2)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=25a8ebeec01b7b81c6d8306e42bbbe090ea218b2)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=25a8ebeec01b7b81c6d8306e42bbbe090ea218b2)
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Euroz Limited stock price ended at $0.83 on Wednesday, after gaining 0.606%.
(Updated on Jun 26, 2024)
The Euroz Limited stock price gained 0.606% on the last trading day (Wednesday, 26th Jun 2024), rising from $0.83 to $0.83. During the last trading day the stock fluctuated 1.45% from a day low at $0.83 to a day high of $0.84. The price has risen in 6 of the last 10 days and is up by 4.4% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 60 thousand more shares were traded than the day before. In total, 126 thousand shares were bought and sold for approximately $104.85 thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Euroz Limited stock with a 90% probability to be traded between $0.783 and $0.85 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 stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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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.
Golden Star
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
Fair opening price June 27, 2024 | Current price |
---|---|
$0.83 ( 0.0803%) | $0.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EZL.AX
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.84 | 1.53% |
R2 | 0.84 | 0.97% |
R1 | 0.84 | 0.633% |
Price | 0.83 | |
S1 | 0.83 | -0.472% |
S2 | 0.82 | -0.81% |
S3 | 0.82 | -1.37% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.85 | 2.41% |
R2 | 0.84 | 1.20% |
R1 | 0.84 | 0.602% |
Price | 0.83 | |
S1 | 0.83 | -0.602% |
S2 | 0.82 | -1.20% |
S3 | 0.82 | -1.81% |
EZL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 02, 2024 | Feb 02, 2024 | Feb 16, 2024 | $0.0175 | 2.11% |
2 | Aug 14, 2023 | Aug 14, 2023 | Sep 01, 2023 | $0.0350 | 3.40% |
3 | Feb 01, 2023 | Feb 01, 2023 | Feb 01, 2023 | $0.0250 | 2.17% |
4 | Nov 29, 2022 | Nov 29, 2022 | Nov 29, 2022 | $0.203 | 14.08% |
5 | Nov 22, 2022 | Nov 22, 2022 | Nov 22, 2022 | $0.203 | 14.08% |
FAQ
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