Ezz Life Science Holdings Limited Stock Forecast

Big movements in Ezz Life Science Holdings Limited stock price on Friday moving 13.50% between high and low
(Updated on Jun 28, 2024)

EZZ.AX Signals & Forecast

The Ezz Life Science Holdings 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 $1.51 and $1.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 47.01%. 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). Ezz Life Science Holdings 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.

Support, Risk & Stop-loss for Ezz Life Science Holdings Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at $1.67 and $1.59. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Ezz Life Science Holdings Limited finds support just below today's level at $1.67. If this is broken, then the next support from accumulated volume will be at $1.59 and $1.45.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.220 between high and low, or 13.50%. For the last week, the stock has had daily average volatility of 15.64%.

Our recommended stop-loss: $1.78 (-3.44%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (EZZ.AX) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ezz Life Science Holdings Limited to open at $1.78, and during the day (based on 14 day Average True Range), to move between $1.73 and $1.96, which gives a possible trading interval of +/-$0.120 (+/-6.50%) up or down from last closing price. If Ezz Life Science Holdings Limited takes out the full calculated possible swing range there will be an estimated 12.99% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $1.67, some $0.180 (9.76%) from the current price of $1.85, our system finds the risk reward attractive.

Is Ezz Life Science Holdings Limited stock A Buy?

Ezz Life Science Holdings Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Ezz Life Science Holdings Limited of Monday, July 1, 2024

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