ZTEST Electronics Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
ZTEST Electronics Inc. stock upgraded to Hold/Accumulate.
(Updated on May 17, 2024)
The ZTEST Electronics Inc. stock price gained 1.85% on the last trading day (Friday, 17th May 2024), rising from $0.270 to $0.275. During the last trading day the stock fluctuated 5.56% from a day low at $0.270 to a day high of $0.285. The price has fallen in 7 of the last 10 days and is down by -14.06% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 111 thousand more shares were traded than the day before. In total, 111 thousand shares were bought and sold for approximately $30.55 thousand.
The stock lies in the lower part of a very 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 $0.273 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 104.65% during the next 3 months and, with a 90% probability hold a price between $0.559 and $0.796 at the end of this 3-month period.
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ZTE.CN Signals & Forecast
ZTEST Electronics Inc. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ZTEST Electronics Inc. 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 $0.291 and $0.302. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -23.61%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for ZTEST Electronics Inc. stock
ZTEST Electronics Inc. finds support from accumulated volume at $0.265 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0150 between high and low, or 5.56%. For the last week, the stock has had daily average volatility of 8.00%.
Our recommended stop-loss: $0.258 (-6.26%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (ZTE.CN) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect ZTEST Electronics Inc. to open at $0.277, and during the day (based on 14 day Average True Range), to move between $0.253 and $0.297, which gives a possible trading interval of +/-$0.0216 (+/-7.84%) up or down from last closing price. If ZTEST Electronics Inc. takes out the full calculated possible swing range there will be an estimated 15.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.265 (3.64%) than the resistance at $0.290 (5.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ZTEST Electronics Inc. stock A Buy?
ZTEST Electronics Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for ZTEST Electronics Inc. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.277 ( 0.606%) | $0.275 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZTE.CN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.292 | 6.06 % | |
| R2 | 0.286 | 3.98 % | ||
| R1 | 0.282 | 2.69 % | ||
| Current price: | 0.275 | |||
| Support | S1 | 0.271 | -1.48 % | |
| S2 | 0.267 | -2.76 % | ||
| S3 | 0.262 | -4.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.340 | 23.64 % | |
| R2 | 0.300 | 9.09 % | ||
| R1 | 0.290 | 5.45 % | ||
| Current price | 0.275 | |||
| Support | S1 | 0.265 | -3.64% | |
| S2 | 0.230 | -16.36% | ||
| S3 | 0.210 | -23.64% |
FAQ
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