Zenvia Inc. Stock Forecast
Is Zenvia Inc. stock still a buy after falling -5.48% on Thursday?
(Updated on Apr 18, 2024)
The Zenvia Inc. stock price fell by -5.48% on the last day (Thursday, 18th Apr 2024) from $2.19 to $2.07. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 8.70% from a day low at $2.03 to a day high of $2.21. The price has fallen in 6 of the last 10 days and is down by -8.41% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -24 thousand shares and in total, 29 thousand shares were bought and sold for approximately $59.89 thousand.
Given the current short-term trend, the stock is expected to rise 66.04% during the next 3 months and, with a 90% probability hold a price between $3.44 and $5.16 at the end of this 3-month period.
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ZENV Signals & Forecast
There are few to no technical positive signals at the moment. The Zenvia Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $2.28 and $2.21. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -27.37%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Zenvia Inc. stock
Zenvia Inc. finds support from accumulated volume at $2.05 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 $0.177 between high and low, or 8.70%. For the last week the stock has had daily average volatility of 8.87%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ZENV) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Zenvia Inc. to open at $2.10, and during the day (based on 14 day Average True Range), to move between $1.87 and $2.27, which gives a possible trading interval of +/-$0.200 (+/-9.67%) up or down from last closing price. If Zenvia Inc. takes out the full calculated possible swing range there will be an estimated 19.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.05 (0.97%) than the resistance at $2.10 (1.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Zenvia Inc. stock A Buy?
The Zenvia Inc. stock holds several negative signals and despite the positive trend, we believe Zenvia Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.653 Sell Candidate Unchanged
Predicted Opening Price for Zenvia Inc. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $2.10 ( 1.66%) | $2.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZENV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.28 | 10.20 % | |
| R2 | 2.21 | 6.94 % | ||
| R1 | 2.17 | 4.92 % | ||
| Current price: | 2.07 | |||
| Support | S1 | 2.04 | -1.60 % | |
| S2 | 2.00 | -3.62 % | ||
| S3 | 1.93 | -6.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.20 | 6.28 % | |
| R2 | 2.15 | 3.86 % | ||
| R1 | 2.10 | 1.45 % | ||
| Current price | 2.07 | |||
| Support | S1 | 2.05 | -0.97% | |
| S2 | 1.84 | -11.11% | ||
| S3 | 1.78 | -14.01% |
FAQ
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