ZKSpace USD Stock Forecast
Red day on Friday for ZKSpace USD stock after losing 0.286%
(Updated on Jun 21, 2024)
The ZKSpace USD stock price fell by -0.286% on the last day (Friday, 21st Jun 2024) from $0.0423 to $0.0422. During the last trading day the stock fluctuated 0.82% from a day low at $0.0419 to a day high of $0.0423. The price has fallen in 6 of the last 10 days and is down by -4.48% for this period. Volume has increased on the last day by 135 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 7 million shares were bought and sold for approximately $292.18 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.84% during the next 3 months and, with a 90% probability hold a price between $0.0382 and $0.0585 at the end of this 3-month period.
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ZKSUSD Signals & Forecast
There are few to no technical positive signals at the moment. The ZKSpace USD 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 $0.0425 and $0.0449. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -14.16%. 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). ZKSpace USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for ZKSpace USD stock
ZKSpace USD finds support from accumulated volume at $0.0421 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0003 between high and low, or 0.82%. For the last week, the stock has had daily average volatility of 1.96%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ZKSUSD) For The Upcoming Trading Day Of Saturday 22nd
For the upcoming trading day on Saturday, 22nd we expect ZKSpace USD to open at $0.0421, and during the day (based on 14 day Average True Range), to move between $0.0410 and $0.0433, which gives a possible trading interval of +/-$0.0011 (+/-2.69%) up or down from last closing price. If ZKSpace USD takes out the full calculated possible swing range there will be an estimated 5.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0421 (0.05%) than the resistance at $0.0423 (0.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ZKSpace USD stock A Buy?
The ZKSpace USD stock holds several negative signals and despite the positive trend, we believe ZKSpace USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.097 Sell Candidate Unchanged
Predicted Opening Price for ZKSpace USD of Saturday, June 22, 2024
| Fair opening price June 22, 2024 | Current price |
|---|---|
| $0.0421 ( 0.0954%) | $0.0422 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZKSUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0425 | 0.717% |
| R2 | 0.0423 | 0.407% |
| R1 | 0.0422 | 0.215% |
| Price | 0.0422 | |
| S1 | 0.0420 | -0.406% |
| S2 | 0.0419 | -0.597% |
| S3 | 0.0418 | -0.91% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0457 | 8.34% |
| R2 | 0.0441 | 4.68% |
| R1 | 0.0423 | 0.297% |
| Price | 0.0422 | |
| S1 | 0.0421 | -0.0473% |
| S2 | 0.0407 | -3.56% |
| S3 | 0.0326 | -22.66% |
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