Zelda Therapeutics Limited Stock Forecast
Red day on Friday for Zelda Therapeutics Limited stock after losing 2.22%
(Updated on Jun 14, 2024)
The Zelda Therapeutics Limited stock price fell by -2.22% on the last day (Friday, 14th Jun 2024) from $0.450 to $0.440. During the last trading day the stock fluctuated 0% from a day low at $0.440 to a day high of $0.440. The price has been going up and down for this period, and there has been a -6.38% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 thousand shares and in total, 2 thousand shares were bought and sold for approximately $1.05 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.429 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -37.28% during the next 3 months and, with a 90% probability hold a price between $0.269 and $0.351 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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ZLD.AX Signals & Forecast
There are mixed signals in the stock today. The Zelda Therapeutics Limited 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 $0.450 and $0.545. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Zelda Therapeutics Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day, but be aware of low or falling volume as this increases the 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 1.79%.
Zelda Therapeutics Limited is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $0.411 (-6.66%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 17 which reduces the risk some. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (ZLD.AX) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Zelda Therapeutics Limited to open at $0.440, and during the day (based on 14 day Average True Range), to move between $0.424 and $0.456, which gives a possible trading interval of +/-$0.0162 (+/-3.68%) up or down from last closing price. If Zelda Therapeutics Limited takes out the full calculated possible swing range there will be an estimated 7.35% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.460, some $0.0200 (4.55%) from the current price of $0.440, our system finds the risk reward not very attractive.
Is Zelda Therapeutics Limited stock A Buy?
Zelda Therapeutics Limited 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.
Current score: -0.008 Hold/Accumulate Unchanged
Predicted Opening Price for Zelda Therapeutics Limited of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $0.440 ( 0%) | $0.440 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZLD.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.440 | - |
| R2 | 0.440 | - |
| R1 | 0.440 | - |
| Price | 0.440 | |
| S1 | 0.440 | - |
| S2 | 0.440 | - |
| S3 | 0.440 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.490 | 11.36% |
| R2 | 0.480 | 9.09% |
| R1 | 0.460 | 4.55% |
| Price | 0.440 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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