Unizen USD Stock Forecast

Big movements in Unizen USD stock price on Tuesday moving 18.51% between high and low
(Updated on Jun 25, 2024)

ZCXUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 21.45%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Unizen USD stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.155. On a fall, the stock will find some support from the short-term average at $0.132. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Friday, October 06, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Unizen USD stock

Unizen USD finds support from accumulated volume at $0.137 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 $0.0229 between high and low, or 18.51%. For the last week, the stock has had daily average volatility of 11.97%.

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

Trading Expectations (ZCXUSD) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Unizen USD to open at $0.137, and during the day (based on 14 day Average True Range), to move between $0.124 and $0.154, which gives a possible trading interval of +/-$0.0149 (+/-10.73%) up or down from last closing price. If Unizen USD takes out the full calculated possible swing range there will be an estimated 21.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.139 (0.05%) than the support at $0.137 (1.20%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Unizen USD stock A Buy?

Unizen USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.468 Sell Candidate Downgraded

Predicted Opening Price for Unizen USD of Wednesday, June 26, 2024

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