Zephyr Minerals Ltd. Stock Forecast

Stronger technical forecast for Zephyr Minerals Ltd. stock price after Friday trading.
(Updated on Jun 14, 2024)

ZFR.V Signals & Forecast

There are mixed signals in the stock today. The Zephyr Minerals Ltd. 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 $0.0527. On a fall, the stock will find some support from the short-term average at $0.0493. 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. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Friday, April 26, 2024 and based on theory for this formation the price should go up by 0% to $0.0500 within 4 trading days since signal was issued (Monday, June 17, 2024).

Support, Risk & Stop-loss for Zephyr Minerals Ltd. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0450. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%

Our recommended stop-loss: $0.0479 (-4.14%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (ZFR.V) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Zephyr Minerals Ltd. to open at $0.0500, and during the day (based on 14 day Average True Range), to move between $0.0458 and $0.0542, which gives a possible trading interval of +/-$0.0042 (+/-8.39%) up or down from last closing price. If Zephyr Minerals Ltd. takes out the full calculated possible swing range there will be an estimated 16.79% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0550 (10.00%) than the support at $0.0450 (10.00%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Zephyr Minerals Ltd. stock A Buy?

Zephyr Minerals Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Zephyr Minerals Ltd. of Monday, June 17, 2024

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