Travelzoo Inc. Stock Forecast
A very red day for Travelzoo Inc. stock price after a -8.04% fall in the Wednesday trading session
(Updated on Apr 24, 2024)
The Travelzoo Inc. stock price fell by -8.04% on the last day (Wednesday, 24th Apr 2024) from $9.33 to $8.58. During the last trading day the stock fluctuated 7.67% from a day low at $8.28 to a day high of $8.92. The price has fallen in 6 of the last 10 days and is down by -9.97% for this period. Volume has increased on the last day by 122 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 187 thousand shares were bought and sold for approximately $1.61 million.
Given the current short-term trend, the stock is expected to rise 12.36% during the next 3 months and, with a 90% probability hold a price between $9.64 and $12.80 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TZOO Signals & Forecast
There are few to no technical positive signals at the moment. The Travelzoo 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 $8.98 and $9.78. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -21.93%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Travelzoo Inc. stock
Travelzoo Inc. finds support from accumulated volume at $8.41 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 $0.635 between high and low, or 7.67%. For the last week, the stock has had daily average volatility of 4.95%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TZOO) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Travelzoo Inc. to open at $8.59, and during the day (based on 14 day Average True Range), to move between $8.10 and $9.06, which gives a possible trading interval of +/-$0.480 (+/-5.59%) up or down from last closing price. If Travelzoo Inc. takes out the full calculated possible swing range there will be an estimated 11.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.41 (1.98%) than the resistance at $8.92 (3.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Travelzoo Inc. will release earnings BMO on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.290. We will update the financials statements for Travelzoo Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 12.53% in the first trading day after earnings release.
Is Travelzoo Inc. stock A Buy?
The Travelzoo Inc. stock holds several negative signals and despite the positive trend, we believe Travelzoo Inc. will perform weakly in the next couple of days or weeks. Therefore, we 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 Hold/Accumulate to a Sell candidate.
Current score: -3.024 Sell Candidate Downgraded
Predicted Opening Price for Travelzoo Inc. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $8.59 ( 0.136%) | $8.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TZOO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.23 | 7.54 % | |
| R2 | 8.98 | 4.71 % | ||
| R1 | 8.83 | 2.96 % | ||
| Current price: | 8.58 | |||
| Support | S1 | 8.35 | -2.69 % | |
| S2 | 8.20 | -4.44 % | ||
| S3 | 7.96 | -7.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.08 | 17.48 % | |
| R2 | 9.60 | 11.89 % | ||
| R1 | 8.92 | 3.96 % | ||
| Current price | 8.58 | |||
| Support | S1 | 8.41 | -1.98% | |
| S2 | 8.24 | -3.96% | ||
| S3 | 8.06 | -6.06% |
FAQ
Click here for our free guide on how to buy Travelzoo Inc. Stock.
