Zoned Properties Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Big movements in Zoned Properties stock price on Friday moving 13.21% between high and low
(Updated on May 03, 2024)
The Zoned Properties stock price gained 9.09% on the last trading day (Friday, 3rd May 2024), rising from $0.550 to $0.600. During the last trading day the stock fluctuated 13.21% from a day low at $0.530 to a day high of $0.600. The price has risen in 4 of the last 10 days and is up by 0.03% over the past 2 weeks. Volume fell on the last day by -100 shares and in total, 200 shares were bought and sold for approximately $120.00 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a wide and strong rising 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 $0.605 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 30.79% during the next 3 months and, with a 90% probability hold a price between $0.680 and $0.791 at the end of this 3-month period.
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ZDPY Signals & Forecast
The Zoned Properties stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.579 and $0.531. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, May 01, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for Zoned Properties stock
Zoned Properties finds support from accumulated volume at $0.580 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0700 between high and low, or 13.21%. For the last week the stock has had daily average volatility of 5.62%.
Our recommended stop-loss: $0.579 (-3.50%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (ZDPY) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Zoned Properties to open at $0.577, and during the day (based on 14 day Average True Range), to move between $0.545 and $0.655, which gives a possible trading interval of +/-$0.0547 (+/-9.12%) up or down from last closing price. If Zoned Properties takes out the full calculated possible swing range there will be an estimated 18.23% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.580, some $0.0200 (3.33%) from the current price of $0.600, our system finds the risk reward attractive.
Earnings coming up
Zoned Properties will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for Zoned Properties, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 11.81% in the first trading day after earnings release.
Is Zoned Properties stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Zoned Properties stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.160 Buy Candidate Upgraded
Predicted Opening Price for Zoned Properties of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.577 ( 3.89%) | $0.600 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZDPY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.647 | 7.78 % | |
| R2 | 0.620 | 3.32 % | ||
| R1 | 0.603 | 0.568 % | ||
| Current price: | 0.600 | |||
| Support | S1 | 0.550 | -8.35 % | |
| S2 | 0.533 | -11.10 % | ||
| S3 | 0.507 | -15.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.600 | |||
| Support | S1 | 0.580 | -3.33% | |
| S2 | 0.517 | -13.83% | ||
| S3 | 0.510 | -15.00% |
FAQ
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