Zoom Telephonics, Inc. Stock Forecast
Big movements in Zoom Telephonics, Inc. stock price on Thursday moving 11.08% between high and low
(Updated on May 23, 2024)
The Zoom Telephonics, Inc. stock price fell by -5.56% on the last day (Thursday, 23rd May 2024) from $3.42 to $3.23. During the last trading day the stock fluctuated 11.08% from a day low at $3.16 to a day high of $3.51. The price has fallen in 6 of the last 10 days and is down by -14.55% for this period. 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 -145 thousand shares and in total, 15 thousand shares were bought and sold for approximately $48.72 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -31.14% during the next 3 months and, with a 90% probability hold a price between $1.01 and $3.67 at the end of this 3-month period.
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MINM 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 Zoom Telephonics, 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 $3.40 and $4.16. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 14, 2024, and so far it has fallen -55.33%. 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 Zoom Telephonics, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $2.96. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
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 $0.350 between high and low, or 11.08%. For the last week the stock has had daily average volatility of 15.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MINM) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect Zoom Telephonics, Inc. to open at $3.30, and during the day (based on 14 day Average True Range), to move between $2.80 and $3.66, which gives a possible trading interval of +/-$0.432 (+/-13.37%) up or down from last closing price. If Zoom Telephonics, Inc. takes out the full calculated possible swing range there will be an estimated 26.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.42 (5.88%) than the support at $2.96 (8.36%), 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 Zoom Telephonics, Inc. stock A Buy?
Zoom Telephonics, 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.782 Strong Sell Candidate Downgraded
Predicted Opening Price for Zoom Telephonics, Inc. of Friday, May 24, 2024
| Fair opening price May 24, 2024 | Current price |
|---|---|
| $3.30 ( 2.17%) | $3.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MINM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.65 | 13.00 % | |
| R2 | 3.52 | 8.86 % | ||
| R1 | 3.43 | 6.31 % | ||
| Current price: | 3.23 | |||
| Support | S1 | 3.17 | -1.97 % | |
| S2 | 3.08 | -4.53 % | ||
| S3 | 2.95 | -8.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.87 | 19.81 % | |
| R2 | 3.72 | 15.17 % | ||
| R1 | 3.42 | 5.88 % | ||
| Current price | 3.23 | |||
| Support | S1 | 2.96 | -8.36% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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