Ziktalk USD Stock Forecast

Evaluation of Ziktalk USD stock downgraded after the last trading session.
(Updated on Jun 28, 2024)

ZIKUSD Signals & Forecast

The Ziktalk USD stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0044 and $0.0045. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -51.89%. Further fall is indicated until a new bottom pivot has been found. 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 Ziktalk USD stock

Ziktalk USD finds support from accumulated volume at $0.0045 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.000098 between high and low, or 2.15%. For the last week the stock has had daily average volatility of 27.90%.

Our recommended stop-loss: $0.0043 (-5.94%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 54 days ago.)

Trading Expectations (ZIKUSD) For The Upcoming Trading Day Of Saturday 29th

For the upcoming trading day on Saturday, 29th we expect Ziktalk USD to open at $0.0046, and during the day (based on 14 day Average True Range), to move between $0.0037 and $0.0055, which gives a possible trading interval of +/-$0.0009 (+/-19.61%) up or down from last closing price. If Ziktalk USD takes out the full calculated possible swing range there will be an estimated 39.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0045 (1.32%) than the resistance at $0.0050 (9.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ziktalk USD stock A Buy?

Ziktalk USD 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.912 Hold/Accumulate Downgraded

Predicted Opening Price for Ziktalk USD of Saturday, June 29, 2024

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