Zivo Bioscience, Inc. Stock Forecast
Red day on Friday for Zivo Bioscience, Inc.
(Updated on Jun 21, 2024)
No changes to the price of Zivo Bioscience, Inc. stock on the last trading day (Friday, 21st Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.190 to a day high of $0.190. The price has been going up and down for this period, and there has been a -15.59% loss for the last 2 weeks.
The stock lies the upper part of a very 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 $0.194 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 -39.04% during the next 3 months and, with a 90% probability hold a price between $0.0250 and $0.118 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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ZIVOW Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Zivo Bioscience, Inc. 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 $0.190 and $0.347. A break-up above any of these levels will issue buy signals. 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.
A sell signal from a double top formation was found on Thursday, May 02, 2024 with a target of $0.260. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Zivo Bioscience, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.161 and $0.150. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.150 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: $0.179 (-5.90%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (ZIVOW) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Zivo Bioscience, Inc. to open at $0.190, and during the day (based on 14 day Average True Range), to move between $0.150 and $0.230, which gives a possible trading interval of +/-$0.0405 (+/-21.30%) up or down from last closing price. If Zivo Bioscience, Inc. takes out the full calculated possible swing range there will be an estimated 42.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.200 (5.26%) than the support at $0.161 (15.26%), 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 Zivo Bioscience, Inc. stock A Buy?
Zivo Bioscience, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
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 Zivo Bioscience, Inc. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $0.190 ( 0.00000000%) | $0.190 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZIVOW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.190 | 0.00000000% |
| R2 | 0.190 | 0.00000000% |
| R1 | 0.190 | 0.00000000% |
| Price | 0.190 | |
| S1 | 0.190 | 0.00000000% |
| S2 | 0.190 | 0.00000000% |
| S3 | 0.190 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.225 | 18.47% |
| R2 | 0.225 | 18.42% |
| R1 | 0.200 | 5.26% |
| Price | 0.190 | |
| S1 | 0.161 | -15.26% |
| S2 | 0.150 | -21.05% |
| S3 | 0 | - |
FAQ
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