Zeedex USD Stock Forecast

High volatility in Zeedex USD stock price on Friday which ended trading at $0.0274
(Updated on Jun 28, 2024)

ZDEXUSD Signals & Forecast

A sell signal was issued from a pivot top point on Sunday, March 31, 2024, and so far it has fallen -38.19%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Zeedex USD stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0080 and $0.0150. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Saturday, May 25, 2024 in the short-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 Zeedex USD stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0227 between high and low, or 484.06%. For the last week the stock has had daily average volatility of 97.68%.

Our recommended stop-loss: $0.0259 (-5.68%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 101 days ago.)

Trading Expectations (ZDEXUSD) For The Upcoming Trading Day Of Saturday 29th

For the upcoming trading day on Saturday, 29th we expect Zeedex USD to open at $0.0199, and during the day (based on 14 day Average True Range), to move between $0.0223 and $0.0325, which gives a possible trading interval of +/-$0.0051 (+/-18.58%) up or down from last closing price. If Zeedex USD takes out the full calculated possible swing range there will be an estimated 37.16% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0324, some $0.0050 (18.19%) from the current price of $0.0274, our system finds the risk reward not very attractive.

Is Zeedex USD stock A Buy?

The stock is within a very wide and falling trend and holds several negative signals that may affect the stock in the short-term. However, we believe that today's you should hold a possible buying opportunity and expect the price to be higher at the end of the 3-month period. The careful investor would await further signals. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 3.945 Buy Candidate Upgraded

Predicted Opening Price for Zeedex USD of Saturday, June 29, 2024

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