Zepp Health Corporation Stock Forecast
Zepp Health Corporation stock downgraded to Sell Candidate
(Updated on May 03, 2024)
The Zepp Health Corporation stock price fell by -3.76% on the last day (Friday, 3rd May 2024) from $0.91 to $0.87. During the last trading day the stock fluctuated 5.52% from a day low at $0.87 to a day high of $0.92. The price has risen in 6 of the last 10 days and is up by 4.44% over the past 2 weeks. 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 -19 thousand shares and in total, 50 thousand shares were bought and sold for approximately $43.25 thousand.
The stock lies the upper part of a wide and falling 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 $0.90 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -36.53% during the next 3 months and, with a 90% probability hold a price between $0.460 and $0.573 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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ZEPP Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 5.50%. 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 Zepp Health Corporation 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 $0.94. On a fall, the stock will find some support from the short-term average at $0.86. 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 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 Zepp Health Corporation stock
Zepp Health Corporation finds support from accumulated volume at $0.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0480 between high and low, or 5.52%. For the last week the stock has had daily average volatility of 5.42%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ZEPP) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Zepp Health Corporation to open at $0.89, and during the day (based on 14 day Average True Range), to move between $0.81 and $0.93, which gives a possible trading interval of +/-$0.0589 (+/-6.76%) up or down from last closing price. If Zepp Health Corporation takes out the full calculated possible swing range there will be an estimated 13.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.85 (2.41%) than the resistance at $0.91 (4.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Zepp Health Corporation stock A Buy?
Zepp Health Corporation 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: -2.584 Sell Candidate Downgraded
Predicted Opening Price for Zepp Health Corporation of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.89 ( 1.76%) | $0.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZEPP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.93 | 7.27 % | |
| R2 | 0.92 | 5.17 % | ||
| R1 | 0.90 | 3.87 % | ||
| Current price: | 0.87 | |||
| Support | S1 | 0.87 | -0.345 % | |
| S2 | 0.86 | -1.65 % | ||
| S3 | 0.84 | -3.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.07 | 22.85 % | |
| R2 | 0.92 | 5.63 % | ||
| R1 | 0.91 | 4.82 % | ||
| Current price | 0.87 | |||
| Support | S1 | 0.85 | -2.41% | |
| S2 | 0.84 | -3.56% | ||
| S3 | 0.83 | -5.21% |
ZEPP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 17, 2022 | Mar 25, 2022 | Apr 15, 2022 | $0.100 | 3.77% |
FAQ
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