Zalando SE Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Tuesday for Zalando SE
(Updated on Jun 25, 2024)
The Zalando SE stock price gained 1.48% on the last trading day (Tuesday, 25th Jun 2024), rising from 21.67€ to 21.99€. During the last trading day the stock fluctuated 2.78% from a day low at 21.62€ to a day high of 22.22€. The price has fallen in 6 of the last 10 days and is down by -4.02% for this period. Volume fell on the last day by -1 million shares and in total, 1 million shares were bought and sold for approximately 22.00€ million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 21.60€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -14.69% during the next 3 months and, with a 90% probability hold a price between 18.43€ and 20.61€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ZAL.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 1.48%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 22.40€ and 23.71€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Zalando SE stock
Zalando SE finds support from accumulated volume at 21.67€ 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 0.600€ between high and low, or 2.78%. For the last week, the stock has had daily average volatility of 3.57%.
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 Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Zalando SE to open at 21.94€, and during the day (based on 14 day Average True Range), to move between 21.16€ and 22.82€, which gives a possible trading interval of +/-0.83€ (+/-3.77%) up or down from last closing price. If Zalando SE takes out the full calculated possible swing range there will be an estimated 7.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 21.67€ (1.46%) than the resistance at 22.54€ (2.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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: -1.128 Sell Candidate Unchanged
Predicted Opening Price for Zalando SE of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 21.94€ ( 0.212%) | 21.99€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZAL.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.54 | 2.52% |
| R2 | 22.31 | 1.47% |
| R1 | 22.17 | 0.83% |
| Price | 21.99 | |
| S1 | 21.71 | -1.25% |
| S2 | 21.57 | -1.90% |
| S3 | 21.34 | -2.94% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.46 | 20.33% |
| R2 | 25.66 | 16.69% |
| R1 | 22.54 | 2.50% |
| Price | 21.99 | |
| S1 | 21.67 | -1.46% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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