Zoomd Technologies Ltd. Stock Forecast
High volatility in Zoomd Technologies Ltd. stock price on Tuesday which ended trading at $0.175
(Updated on Jun 25, 2024)
The Zoomd Technologies Ltd. stock price gained 29.63% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.135 to $0.175. During the last trading day the stock fluctuated 34.62% from a day low at $0.130 to a day high of $0.175. The price has risen in 4 of the last 10 days and is up by 84.21% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 68 thousand more shares were traded than the day before. In total, 129 thousand shares were bought and sold for approximately $22.51 thousand.
The stock has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $0.167, a level that may pose a second chance to hit a runner. According to fan-theory $0.229 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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ZOMD.V Signals & Forecast
Mostly positive signals in the chart today. The Zoomd Technologies Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.129 and $0.0877. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 75.00%. 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). Zoomd Technologies Ltd. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Zoomd Technologies Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.150 and $0.135. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.135 may give a huge drop in the stock price.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0450 between high and low, or 34.62%. For the last week, the stock has had daily average volatility of 17.45%.
Our recommended stop-loss: $0.169 (-3.62%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (ZOMD.V) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Zoomd Technologies Ltd. to open at $0.160, and during the day (based on 14 day Average True Range), to move between $0.158 and $0.192, which gives a possible trading interval of +/-$0.0165 (+/-9.43%) up or down from last closing price. If Zoomd Technologies Ltd. takes out the full calculated possible swing range there will be an estimated 18.87% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.150, some $0.0250 (14.29%) from the current price of $0.175, our system finds the risk reward attractive.
Is Zoomd Technologies Ltd. stock A Buy?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Zoomd Technologies Ltd. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.463 Strong Buy Candidate Upgraded
Predicted Opening Price for Zoomd Technologies Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.160 ( 8.57%) | $0.175 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZOMD.V
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.205 | 17.14% |
| R2 | 0.188 | 7.32% |
| R1 | 0.177 | 1.25% |
| Price | 0.175 | |
| S1 | 0.143 | -18.39% |
| S2 | 0.132 | -24.46% |
| S3 | 0.115 | -34.29% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.175 | |
| S1 | 0.150 | -14.29% |
| S2 | 0.135 | -22.86% |
| S3 | 0 | - |
FAQ
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