Jiuzi Holdings, Inc. Stock Forecast
Jiuzi Holdings, Inc. stock upgraded to Sell Candidate.
(Updated on May 03, 2024)
The Jiuzi Holdings, Inc. stock price fell by -0.464% on the last day (Friday, 3rd May 2024) from $0.388 to $0.386. During the last trading day the stock fluctuated 8.05% from a day low at $0.370 to a day high of $0.400. The price has been going up and down for this period, and there has been a 0.26% gain for the last 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 -71 thousand shares and in total, 77 thousand shares were bought and sold for approximately $29.61 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.265 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -10.99% during the next 3 months and, with a 90% probability hold a price between $0.236 and $3.42 at the end of this 3-month period.
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JZXN Signals & Forecast
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. The Jiuzi Holdings, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.389 and $1.36. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -90.40%. 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Jiuzi Holdings, Inc. stock
Jiuzi Holdings, Inc. finds support from accumulated volume at $0.385 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0298 between high and low, or 8.05%. For the last week the stock has had daily average volatility of 12.17%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JZXN) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Jiuzi Holdings, Inc. to open at $0.385, and during the day (based on 14 day Average True Range), to move between $0.200 and $0.572, which gives a possible trading interval of +/-$0.186 (+/-48.25%) up or down from last closing price. If Jiuzi Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 96.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.385 (0.26%) than the resistance at $0.414 (7.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jiuzi Holdings, Inc. stock A Buy?
Jiuzi Holdings, Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.400 Sell Candidate Upgraded
Predicted Opening Price for Jiuzi Holdings, Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.385 ( 0.155%) | $0.386 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JZXN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.415 | 7.56 % | |
| R2 | 0.404 | 4.62 % | ||
| R1 | 0.397 | 2.79 % | ||
| Current price: | 0.386 | |||
| Support | S1 | 0.374 | -3.10 % | |
| S2 | 0.367 | -4.93 % | ||
| S3 | 0.356 | -7.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.475 | 22.95 % | |
| R2 | 0.462 | 19.69 % | ||
| R1 | 0.414 | 7.25 % | ||
| Current price | 0.386 | |||
| Support | S1 | 0.385 | -0.259% | |
| S2 | 0.378 | -2.07% | ||
| S3 | 0.362 | -6.22% |
FAQ
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