Zytronic plc Stock Forecast
Red day on Friday for Zytronic plc stock after losing 0%
(Updated on Apr 26, 2024)
No changes to the price of Zytronic plc stock on the last trading day (Friday, 26th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at £53.50 to a day high of £53.50. The price has been going up and down for this period, and there has been a -5.31% loss for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -21.29% during the next 3 months and, with a 90% probability hold a price between £34.11 and £50.28 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ZYT.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has fallen 0%. 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 Zytronic plc 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 £54.00 and £58.33. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Zytronic plc stock
Zytronic plc finds support from accumulated volume at £51.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very 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 £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 5.04%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ZYT.L) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Zytronic plc to open at £53.50, and during the day (based on 14 day Average True Range), to move between £49.57 and £57.43, which gives a possible trading interval of +/-£3.93 (+/-7.34%) up or down from last closing price. If Zytronic plc takes out the full calculated possible swing range there will be an estimated 14.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £51.00 (4.67%) than the resistance at £57.50 (7.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Zytronic plc stock A Buy?
Zytronic plc 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: -2.512 Sell Candidate Unchanged
Predicted Opening Price for Zytronic plc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| £53.50 ( 0%) | £53.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZYT.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.50 | . | |
| R2 | 53.50 | . | ||
| R1 | 53.50 | . | ||
| Current price: | 53.50 | |||
| Support | S1 | 53.50 | . | |
| S2 | 53.50 | . | ||
| S3 | 53.50 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.00 | 21.50 % | |
| R2 | 60.00 | 12.15 % | ||
| R1 | 57.50 | 7.48 % | ||
| Current price | 53.50 | |||
| Support | S1 | 51.00 | -4.67% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
ZYT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 13, 2022 | Feb 09, 2023 | Feb 24, 2023 | £2.20 | 1.76% |
| 2 | Dec 07, 2021 | Mar 03, 2022 | Mar 18, 2022 | £1.50 | 0.98% |
| 3 | Dec 10, 2019 | Jan 09, 2020 | Feb 07, 2020 | £15.20 | 9.07% |
| 4 | May 14, 2019 | Jul 04, 2019 | Jul 19, 2019 | £7.60 | 3.17% |
| 5 | Dec 11, 2018 | Feb 07, 2019 | Feb 22, 2019 | £15.20 | 4.31% |
FAQ
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