Zaptec AS Stock Forecast
Green day on Monday for Zaptec AS stock after gaining 1.42%
(Updated on Jun 17, 2024)
The Zaptec AS stock price gained 1.42% on the last trading day (Monday, 17th Jun 2024), rising from kr12.70 to kr12.88. During the last trading day the stock fluctuated 3.57% from a day low at kr12.60 to a day high of kr13.05. The price has fallen in 6 of the last 10 days and is down by -4.02% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 58 thousand more shares were traded than the day before. In total, 162 thousand shares were bought and sold for approximately kr2.09 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -20.84% during the next 3 months and, with a 90% probability hold a price between kr8.10 and kr11.13 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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ZAP.OL Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 9.25%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Zaptec AS 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 kr13.08 and kr13.11. 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 Zaptec AS stock
Zaptec AS finds support from accumulated volume at kr12.70 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 kr0.450 between high and low, or 3.57%. For the last week, the stock has had daily average volatility of 3.44%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ZAP.OL) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Zaptec AS to open at kr12.84, and during the day (based on 14 day Average True Range), to move between kr12.27 and kr13.49, which gives a possible trading interval of +/-kr0.614 (+/-4.77%) up or down from last closing price. If Zaptec AS takes out the full calculated possible swing range there will be an estimated 9.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr12.70 (1.40%) than the resistance at kr13.50 (4.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Zaptec AS stock A Buy?
Zaptec AS holds several negative signals and is within a very 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: -1.374 Sell Candidate Unchanged
Predicted Opening Price for Zaptec AS of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| kr12.84 ( 0.285%) | kr12.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZAP.OL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.29 | 3.21% |
| R2 | 13.12 | 1.87% |
| R1 | 13.02 | 1.05% |
| Price | 12.88 | |
| S1 | 12.67 | -1.62% |
| S2 | 12.57 | -2.44% |
| S3 | 12.39 | -3.78% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.37 | 11.57% |
| R2 | 13.79 | 7.07% |
| R1 | 13.50 | 4.81% |
| Price | 12.88 | |
| S1 | 12.70 | -1.40% |
| S2 | 12.66 | -1.71% |
| S3 | 11.79 | -8.46% |
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