TZERO GRP INC/PFD SH S A Stock Forecast
Big movements in TZERO GRP INC/PFD SH S A stock price on Friday moving 23.00% between high and low
(Updated on May 10, 2024)
The TZERO GRP INC/PFD SH S A stock price gained 6.64% on the last trading day (Friday, 10th May 2024), rising from $2.11 to $2.25. During the last trading day the stock fluctuated 23.00% from a day low at $2.00 to a day high of $2.46. The price has fallen in 7 of the last 10 days and is down by -22.41% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 thousand more shares were traded than the day before. In total, 22 thousand shares were bought and sold for approximately $49.47 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.13 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 36.81% during the next 3 months and, with a 90% probability hold a price between $2.91 and $5.71 at the end of this 3-month period.
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TZROP Signals & Forecast
TZERO GRP INC/PFD SH S A 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 TZERO GRP INC/PFD SH S A 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 $2.36 and $2.90. 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 -38.36%. 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).
Support, Risk & Stop-loss for TZERO GRP INC/PFD SH S A stock
TZERO GRP INC/PFD SH S A finds support from accumulated volume at $2.15 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.460 between high and low, or 23.00%. For the last week, the stock has had daily average volatility of 14.99%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TZROP) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect TZERO GRP INC/PFD SH S A to open at $2.24, and during the day (based on 14 day Average True Range), to move between $2.01 and $2.49, which gives a possible trading interval of +/-$0.240 (+/-10.66%) up or down from last closing price. If TZERO GRP INC/PFD SH S A takes out the full calculated possible swing range there will be an estimated 21.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.15 (4.44%) than the resistance at $2.53 (12.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TZERO GRP INC/PFD SH S A stock A Buy?
The TZERO GRP INC/PFD SH S A stock holds several negative signals and despite the positive trend, we believe TZERO GRP INC/PFD SH S A will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.694 Sell Candidate Unchanged
Predicted Opening Price for TZERO GRP INC/PFD SH S A of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $2.24 ( 0.593%) | $2.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TZROP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.70 | 19.85 % | |
| R2 | 2.52 | 12.04 % | ||
| R1 | 2.41 | 7.22 % | ||
| Current price: | 2.25 | |||
| Support | S1 | 2.06 | -8.40 % | |
| S2 | 1.95 | -13.23 % | ||
| S3 | 1.78 | -21.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.75 | 22.22 % | |
| R2 | 2.55 | 13.33 % | ||
| R1 | 2.53 | 12.44 % | ||
| Current price | 2.25 | |||
| Support | S1 | 2.15 | -4.44% | |
| S2 | 2.00 | -11.11% | ||
| S3 | 1.90 | -15.56% |
FAQ
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