Zero USD 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
Red day on Wednesday for Zero USD stock after losing 1.26%
(Updated on Jun 26, 2024)
The Zero USD stock price fell by -1.26% on the last day (Wednesday, 26th Jun 2024) from $0.0367 to $0.0363. During the last trading day the stock fluctuated 1.95% from a day low at $0.0361 to a day high of $0.0368. The price has fallen in 7 of the last 10 days and is down by -7.59% for this period.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $0.0326 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Zero USD stock with a 90% probability to be traded between $0.0320 and $0.0568 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ZERUSD Signals & Forecast
There are mixed signals in the stock today. The Zero USD stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0370 and $0.0426. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 2.92%. 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).
Support, Risk & Stop-loss for Zero USD stock
Zero USD finds support from accumulated volume at $0.0351 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 $0.0007 between high and low, or 1.95%. For the last week the stock has had daily average volatility of 3.51%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ZERUSD) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Zero USD to open at $0.0364, and during the day (based on 14 day Average True Range), to move between $0.0338 and $0.0388, which gives a possible trading interval of +/-$0.0025 (+/-6.87%) up or down from last closing price. If Zero USD takes out the full calculated possible swing range there will be an estimated 13.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0351 (3.11%) than the resistance at $0.0441 (21.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Zero USD stock A Buy?
Zero 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.
Current score: -1.828 Sell Candidate Unchanged
Predicted Opening Price for Zero USD of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $0.0364 ( 0.385%) | $0.0363 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZERUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0371 | 2.33% |
| R2 | 0.0369 | 1.59% |
| R1 | 0.0367 | 1.13% |
| Price | 0.0363 | |
| S1 | 0.0361 | -0.357% |
| S2 | 0.0360 | -0.82% |
| S3 | 0.0357 | -1.56% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0446 | 22.82% |
| R2 | 0.0445 | 22.69% |
| R1 | 0.0441 | 21.52% |
| Price | 0.0363 | |
| S1 | 0.0351 | -3.11% |
| S2 | 0.0350 | -3.59% |
| S3 | 0.0346 | -4.61% |
FAQ
Click here for our free guide on how to buy Zero USD Stock.
