Zus USD Stock Forecast
Zus USD stock price up 0.753% on Friday
(Updated on Jun 28, 2024)
The Zus USD stock price gained 0.753% on the last trading day (Friday, 28th Jun 2024), rising from $0.0882 to $0.0889. During the last trading day the stock fluctuated 7.08% from a day low at $0.0862 to a day high of $0.0923. The price has fallen in 6 of the last 10 days and is down by -3.4% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 29 thousand shares were bought and sold for approximately $2.58 thousand.
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 -40.48% during the next 3 months and, with a 90% probability hold a price between $0.0473 and $0.0715 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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ZCNUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 7.02%. Further rise is indicated until a new top pivot has been found. Zus USD 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 Zus 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 $0.0895 and $0.101. 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 Zus USD stock
Zus USD finds support from accumulated volume at $0.0885 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 $0.0061 between high and low, or 7.08%. For the last week, the stock has had daily average volatility of 12.89%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ZCNUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Zus USD to open at $0.0892, and during the day (based on 14 day Average True Range), to move between $0.0793 and $0.0985, which gives a possible trading interval of +/-$0.0096 (+/-10.82%) up or down from last closing price. If Zus USD takes out the full calculated possible swing range there will be an estimated 21.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0885 (0.37%) than the resistance at $0.104 (17.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Zus USD stock A Buy?
Zus 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: -2.249 Sell Candidate Unchanged
Predicted Opening Price for Zus USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0892 ( 0.310%) | $0.0889 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZCNUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0953 | 7.18% |
| R2 | 0.0929 | 4.56% |
| R1 | 0.0915 | 2.94% |
| Price | 0.0889 | |
| S1 | 0.0868 | -2.32% |
| S2 | 0.0854 | -3.94% |
| S3 | 0.0830 | -6.56% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.109 | 22.76% |
| R2 | 0.107 | 19.85% |
| R1 | 0.104 | 17.15% |
| Price | 0.0889 | |
| S1 | 0.0885 | -0.372% |
| S2 | 0.0860 | -3.19% |
| S3 | 0.0830 | -6.56% |
FAQ
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