Zebec USD Stock Forecast
Zebec USD stock price ended at $0.0184 on Monday, after losing 0%.
(Updated on Jun 17, 2024)
No changes to the price of Zebec USD stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0184 to a day high of $0.0184. The price has fallen in 5 of the last 10 days and is down by -10.83% for this period.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0239 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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ZBCUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Zebec USD 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 $0.0184 and $0.0202. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -0.86%. 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 fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Zebec USD stock
Zebec USD finds support from accumulated volume at $0.0182 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.55%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ZBCUSD) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Zebec USD to open at $0.0184, and during the day (based on 14 day Average True Range), to move between $0.0171 and $0.0197, which gives a possible trading interval of +/-$0.0013 (+/-6.93%) up or down from last closing price. If Zebec USD takes out the full calculated possible swing range there will be an estimated 13.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0182 (0.81%) than the resistance at $0.0197 (7.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Zebec USD stock A Buy?
Zebec USD 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: -4.080 Sell Candidate Unchanged
Predicted Opening Price for Zebec USD of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
$0.0184 ( 0%) | $0.0184 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZBCUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0184 | - |
R2 | 0.0184 | - |
R1 | 0.0184 | - |
Price | 0.0184 | |
S1 | 0.0184 | - |
S2 | 0.0184 | - |
S3 | 0.0184 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0216 | 17.65% |
R2 | 0.0206 | 12.15% |
R1 | 0.0197 | 7.20% |
Price | 0.0184 | |
S1 | 0.0182 | -0.81% |
S2 | 0.0181 | -1.68% |
S3 | 0 | - |
FAQ
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