Zalando SE Stock Forecast
Zalando SE stock price down 2.99% on Friday
(Updated on May 17, 2024)
The Zalando SE stock price fell by -2.99% on the last day (Friday, 17th May 2024) from $13.59 to $13.19. During the last trading day the stock fluctuated 1.23% from a day low at $13.04 to a day high of $13.20. The price has risen in 6 of the last 10 days and is up by 3.25% over the past 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 -2 thousand shares and in total, 16 thousand shares were bought and sold for approximately $212.85 thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $12.96 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 29.94% during the next 3 months and, with a 90% probability hold a price between $16.84 and $20.56 at the end of this 3-month period.
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ZLNDY Signals & Forecast
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. The Zalando SE 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 $13.37 and $13.67. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen -9.26%. 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.
Support, Risk & Stop-loss for Zalando SE stock
On the downside, the stock finds support just below today's level from accumulated volume at $12.08 and $10.59. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Zalando SE finds support just below today's level at $12.08. If this is broken, then the next support from accumulated volume will be at $10.59 and $10.44.
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 $0.160 between high and low, or 1.23%. For the last week the stock has had daily average volatility of 1.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ZLNDY) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Zalando SE to open at $13.14, and during the day (based on 14 day Average True Range), to move between $12.76 and $13.61, which gives a possible trading interval of +/-$0.426 (+/-3.23%) up or down from last closing price. If Zalando SE takes out the full calculated possible swing range there will be an estimated 6.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.58 (3.00%) than the support at $12.08 (8.38%), 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 Zalando SE stock A Buy?
The Zalando SE stock holds several negative signals and despite the positive trend, we believe Zalando SE will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.101 Sell Candidate Unchanged
Predicted Opening Price for Zalando SE of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $13.14 ( 0.329%) | $13.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZLNDY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.30 | 0.88 % | |
| R2 | 13.24 | 0.421 % | ||
| R1 | 13.20 | 0.135 % | ||
| Current price: | 13.19 | |||
| Support | S1 | 13.08 | -0.792 % | |
| S2 | 13.04 | -1.08 % | ||
| S3 | 12.98 | -1.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.31 | 8.53 % | |
| R2 | 14.17 | 7.47 % | ||
| R1 | 13.58 | 3.00 % | ||
| Current price | 13.19 | |||
| Support | S1 | 12.08 | -8.38% | |
| S2 | 10.59 | -19.68% | ||
| S3 | 10.44 | -20.82% |
FAQ
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