Zoetis Inc. Stock Forecast
Zoetis Inc. stock price ended at 159.36€ on Friday, after gaining 0.365%.
(Updated on Jun 21, 2024)
The Zoetis Inc. stock price gained 0.365% on the last trading day (Friday, 21st Jun 2024), rising from 158.78€ to 159.36€. During the last trading day the stock fluctuated 1.75% from a day low at 156.62€ to a day high of 159.36€. The price has fallen in 7 of the last 10 days and is down by -2.58% for this period. Volume fell on the last day by -76 shares and in total, 31 shares were bought and sold for approximately 4.94€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak 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 8.45% during the next 3 months and, with a 90% probability hold a price between 158.23€ and 182.55€ at the end of this 3-month period.
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ZOE.F Signals & Forecast
The Zoetis Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 158.62€ and 158.82€. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, June 10, 2024, and so far it has fallen -4.24%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Zoetis Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at 142.48€ and 141.80€. 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, Zoetis Inc. finds support just below today's level at 142.48€. If this is broken, then the next support from accumulated volume will be at 141.80€ and 138.78€.
In general the stock tends to have controlled movements and therefore the general risk is considered 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 2.74€ between high and low, or 1.75%. For the last week the stock has had daily average volatility of 1.02%.
Our recommended stop-loss: 150.74€ (-5.41%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 43 days ago.)
Trading Expectations (ZOE.F) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Zoetis Inc. to open at 158.45€, and during the day (based on 14 day Average True Range), to move between 156.96€ and 161.76€, which gives a possible trading interval of +/-2.40€ (+/-1.51%) up or down from last closing price. If Zoetis Inc. takes out the full calculated possible swing range there will be an estimated 3.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 160.90€ (0.97%) than the support at 142.48€ (10.59%), 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 Zoetis Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Zoetis Inc. stock to perform well in the short-term.
Current score: 1.325 Buy Candidate Unchanged
Predicted Opening Price for Zoetis Inc. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| 158.45€ ( 0.573%) | 159.36€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZOE.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 161.19 | 1.15% |
| R2 | 160.14 | 0.489% |
| R1 | 159.49 | 0.0837% |
| Price | 159.36 | |
| S1 | 157.40 | -1.23% |
| S2 | 156.75 | -1.64% |
| S3 | 155.71 | -2.29% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 163.58 | 2.65% |
| R2 | 162.38 | 1.90% |
| R1 | 160.90 | 0.97% |
| Price | 159.36 | |
| S1 | 142.48 | -10.59% |
| S2 | 141.80 | -11.02% |
| S3 | 138.78 | -12.91% |
ZOE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 18, 2024 | Jul 18, 2024 | Sep 04, 2024 | 0.400€ | 0% |
| 2 | Apr 18, 2024 | Apr 18, 2024 | Jun 04, 2024 | 0.401€ | 0% |
| 3 | Jan 18, 2024 | Jan 18, 2024 | Mar 01, 2024 | 0.432€ | 0% |
| 4 | Oct 31, 2023 | Oct 31, 2023 | Oct 31, 2023 | 0.375€ | 0% |
| 5 | Jul 20, 2023 | Jul 20, 2023 | Jul 20, 2023 | 0.375€ | 0% |
FAQ
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