Mediazest Stock Forecast
Is Mediazest stock still a buy after falling -16.67% on Tuesday?
(Updated on Sep 01, 2020)
The Mediazest stock price fell by -16.67% on the last day (Tuesday, 1st Sep 2020) from £0.0006 to £0.0005. During the last trading day the stock fluctuated 0% from a day low at £0.0005 to a day high of £0.0005. The price has fallen in 4 of the last 10 days. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately £1.05 thousand.
The stock lies in the middle of a very wide and strong 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 14.81% during the next 3 months and, with a 90% probability hold a price between £0.0005 and £0.0007 at the end of this 3-month period.
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MDZ.L Signals & Forecast
The Mediazest 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 £0.0005 and £0.0005. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, November 30, -1. Further fall is indicated until a new bottom pivot has been found. Mediazest gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Mediazest stock
On the downside, the stock finds support just below today's level from accumulated volume at £0.0004. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at £ may give a huge drop in the stock price.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this 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 0%.
Our recommended stop-loss: £0 (-5.00%) (Unable to calculate.)
Trading Expectations (MDZ.L) For The Upcoming Trading Day Of Wednesday 2nd
Since the stock is closer to the resistance from accumulated volume at £0.0006 (20.00%) than the support at £0.0004 (20.00%), 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 Mediazest stock A Buy?
Mediazest holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
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 Mediazest of Wednesday, September 2, 2020
Fair opening price September 2, 2020 | Current price |
---|---|
£0.0005 ( 0%) | £0.0005 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MDZ.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0005 | . | |
R2 | 0.0005 | . | ||
R1 | 0.0005 | . | ||
Current price: | 0.0005 | |||
Support | S1 | 0.0005 | . | |
S2 | 0.0005 | . | ||
S3 | 0.0005 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0.0006 | 20.00 % | ||
Current price | 0.0005 | |||
Support | S1 | 0.0004 | -20.00% | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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