Zephyr Minerals Ltd. Stock Forecast

On Tuesday, Zephyr Minerals Ltd. stock price gained an impressive 25.00%
(Updated on Jun 25, 2024)

ZFR.V Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 25.00%. Further rise is indicated until a new top pivot has been found. Zephyr Minerals Ltd. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $0.0520. On a fall, the stock will find some support from the short-term average at $0.0457. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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 and $0.0400. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0400 may give a huge drop in the stock price.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". 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 9.44%.

Our recommended stop-loss: $0.0474 (-5.12%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 18 days ago.)

Trading Expectations (ZFR.V) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Zephyr Minerals Ltd. to open at $0.0500, and during the day (based on 14 day Average True Range), to move between $0.0449 and $0.0551, which gives a possible trading interval of +/-$0.0051 (+/-10.22%) up or down from last closing price. If Zephyr Minerals Ltd. takes out the full calculated possible swing range there will be an estimated 20.45% 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 Wednesday, June 26, 2024

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