Zalando SE Stock Forecast

Zalando SE stock price down 1.73% on Friday
(Updated on Jun 14, 2024)

ZAL.F Signals & Forecast

There are few to no technical positive signals at the moment. The Zalando SE 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 23.12€ and 24.20€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -16.45%. 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 Zalando SE stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.690€ (3.14%) between high and low. For the last week, the stock has had daily average volatility of 3.87%.

Zalando SE is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ZAL.F) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Zalando SE to open at 22.25€, and during the day (based on 14 day Average True Range), to move between 21.33€ and 22.97€, which gives a possible trading interval of +/-0.82€ (+/-3.71%) up or down from last closing price. If Zalando SE takes out the full calculated possible swing range there will be an estimated 7.42% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ 22.21€, some 0.0600€ (0.27%) from the current price of 22.15€, our system finds the risk reward not very attractive.

Is Zalando SE stock A Buy?

Zalando SE holds several negative signals and is within a 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.

Current score: -3.898 Sell Candidate Unchanged

Predicted Opening Price for Zalando SE of Monday, June 17, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.