Parazero Technologies Ltd. Stock Forecast
Green day on Tuesday for Parazero Technologies Ltd. stock after gaining 0.100%
(Updated on Jun 25, 2024)
The Parazero Technologies Ltd. stock price gained 0.100% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.600 to $0.600. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.88% from a day low at $0.593 to a day high of $0.610. The price has risen in 6 of the last 10 days but is still down by -1.53% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 33 thousand more shares were traded than the day before. In total, 70 thousand shares were bought and sold for approximately $42.15 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 $0.582 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -11.63% during the next 3 months and, with a 90% probability hold a price between $0.514 and $0.89 at the end of this 3-month period.
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PRZO Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 1.97%. Further rise is indicated until a new top pivot has been found. Parazero Technologies Ltd. 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Parazero Technologies Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.668. On a fall, the stock will find some support from the short-term average at $0.597. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Parazero Technologies Ltd. stock
Parazero Technologies Ltd. finds support from accumulated volume at $0.599 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0171 between high and low, or 2.88%. For the last week, the stock has had daily average volatility of 4.45%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PRZO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Parazero Technologies Ltd. to open at $0.601, and during the day (based on 14 day Average True Range), to move between $0.563 and $0.637, which gives a possible trading interval of +/-$0.0371 (+/-6.18%) up or down from last closing price. If Parazero Technologies Ltd. takes out the full calculated possible swing range there will be an estimated 12.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.599 (0.20%) than the resistance at $0.688 (14.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Parazero Technologies Ltd. stock A Buy?
Parazero Technologies Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.477 Sell Candidate Unchanged
Predicted Opening Price for Parazero Technologies Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.601 ( 0.150%) | $0.600 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRZO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.618 | 3.00% |
| R2 | 0.612 | 1.91% |
| R1 | 0.608 | 1.24% |
| Price | 0.600 | |
| S1 | 0.595 | -0.94% |
| S2 | 0.591 | -1.61% |
| S3 | 0.584 | -2.70% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.750 | 24.98% |
| R2 | 0.740 | 23.29% |
| R1 | 0.688 | 14.63% |
| Price | 0.600 | |
| S1 | 0.599 | -0.200% |
| S2 | 0.590 | -1.68% |
| S3 | 0.589 | -1.93% |
FAQ
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