Zeekr Intelligent Technology Holding Ltd Stock Forecast
Green day on Monday for Zeekr Intelligent Technology Holding Ltd stock after gaining 0.473%
(Updated on Jun 24, 2024)
The Zeekr Intelligent Technology Holding Ltd stock price gained 0.473% on the last trading day (Monday, 24th Jun 2024), rising from $21.16 to $21.26. During the last trading day the stock fluctuated 2.90% from a day low at $21.01 to a day high of $21.62. The price has fallen in 7 of the last 10 days and is down by -10.45% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 93 thousand more shares were traded than the day before. In total, 300 thousand shares were bought and sold for approximately $6.38 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -16.74% during the next 3 months and, with a 90% probability hold a price between $16.28 and $18.90 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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ZK Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 3.86%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Zeekr Intelligent Technology Holding Ltd 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 $21.32 and $23.20. 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).
Support, Risk & Stop-loss for Zeekr Intelligent Technology Holding Ltd stock
Zeekr Intelligent Technology Holding Ltd finds support from accumulated volume at $21.16 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 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 $0.610 between high and low, or 2.90%. For the last week, the stock has had daily average volatility of 5.64%.
Zeekr Intelligent Technology Holding Ltd is oversold on RSI14 (26). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $20.00 (-5.94%) (This stock has high daily movements and this gives high risk. Low RSI14 is 26 which reduces the risk some. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (ZK) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Zeekr Intelligent Technology Holding Limited to open at $21.30, and during the day (based on 14 day Average True Range), to move between $19.62 and $22.90, which gives a possible trading interval of +/-$1.64 (+/-7.72%) up or down from last closing price. If Zeekr Intelligent Technology Holding Limited takes out the full calculated possible swing range there will be an estimated 15.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.16 (0.47%) than the resistance at $22.02 (3.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Zeekr Intelligent Technology Holding Limited stock A Buy?
Zeekr Intelligent Technology Holding Ltd 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: -0.854 Hold/Accumulate Unchanged
Predicted Opening Price for Zeekr Intelligent Technology Holding Limited of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $21.30 ( 0.172%) | $21.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.91 | 3.04% |
| R2 | 21.67 | 1.95% |
| R1 | 21.53 | 1.27% |
| Price | 21.26 | |
| S1 | 21.06 | -0.92% |
| S2 | 20.92 | -1.60% |
| S3 | 20.69 | -2.70% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.63 | 15.85% |
| R2 | 22.12 | 4.05% |
| R1 | 22.02 | 3.57% |
| Price | 21.26 | |
| S1 | 21.16 | -0.470% |
| S2 | 21.06 | -0.94% |
| S3 | 20.47 | -3.72% |
FAQ
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