Zapata Computing Holdings Inc. Common Stock Forecast

Zapata Computing Holdings Inc. Common stock price ended at $0.600 on Friday, after gaining 0.91%.
(Updated on Jun 28, 2024)

ZPTA Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 2.76%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Zapata Computing Holdings Inc. Common 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 $0.612 and $0.82. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 also not.

Support, Risk & Stop-loss for Zapata Computing Holdings Inc. Common stock

Zapata Computing Holdings Inc. Common finds support from accumulated volume at $0.595 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0356 between high and low, or 6.31%. For the last week the stock has had daily average volatility of 8.63%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ZPTA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Zapata Computing Holdings Inc. Common Stock to open at $0.588, and during the day (based on 14 day Average True Range), to move between $0.510 and $0.690, which gives a possible trading interval of +/-$0.0901 (+/-15.01%) up or down from last closing price. If Zapata Computing Holdings Inc. Common Stock takes out the full calculated possible swing range there will be an estimated 30.03% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.595 (0.90%) than the resistance at $0.645 (7.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Zapata Computing Holdings Inc. Common Stock stock A Buy?

Zapata Computing Holdings Inc. Common holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -4.257 Sell Candidate Unchanged

Predicted Opening Price for Zapata Computing Holdings Inc. Common Stock of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.