Zuora, Inc. Stock Forecast
Zuora, Inc. stock price ended at $9.60 on Tuesday, after losing 1.34%.
(Updated on Jul 02, 2024)
The Zuora, Inc. stock price fell by -1.34% on the last day (Tuesday, 2nd Jul 2024) from $9.73 to $9.60. During the last trading day the stock fluctuated 4.15% from a day low at $9.40 to a day high of $9.79. The price has fallen in 6 of the last 10 days but is still up by 1.05% 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 -232 thousand shares and in total, 921 thousand shares were bought and sold for approximately $8.84 million.
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 7.51% during the next 3 months and, with a 90% probability hold a price between $9.72 and $11.85 at the end of this 3-month period.
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ZUO Signals & Forecast
There are mixed signals in the stock today. The Zuora, Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $9.82. On a fall, the stock will find some support from the short-term average at $9.51. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -9.09%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Zuora, Inc. stock
Zuora, Inc. finds support from accumulated volume at $9.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.390 between high and low, or 4.15%. For the last week, the stock has had daily average volatility of 3.89%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ZUO) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Zuora, Inc. to open at $9.60, and during the day (based on 14 day Average True Range), to move between $9.29 and $9.91, which gives a possible trading interval of +/-$0.314 (+/-3.27%) up or down from last closing price. If Zuora, Inc. takes out the full calculated possible swing range there will be an estimated 6.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.63 (0.31%) than the support at $9.46 (1.46%), 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 Zuora, Inc. stock A Buy?
Zuora, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -5.166 Strong Sell Candidate Unchanged
Predicted Opening Price for Zuora, Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $9.60 ( 0.0347%) | $9.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZUO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.99 | 4.03% |
| R2 | 9.84 | 2.48% |
| R1 | 9.75 | 1.52% |
| Price | 9.60 | |
| S1 | 9.45 | -1.59% |
| S2 | 9.36 | -2.55% |
| S3 | 9.21 | -4.10% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.39 | 8.23% |
| R2 | 9.86 | 2.71% |
| R1 | 9.63 | 0.313% |
| Price | 9.60 | |
| S1 | 9.46 | -1.46% |
| S2 | 9.27 | -3.44% |
| S3 | 9.25 | -3.65% |
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