Wed 13'th Dec 2017
ZAGG Inc Stock Analysis
Technical stock analysis for Wed 13'th Dec 2017
|Shorts||1.37% ( 2017-11-15 )|
ZAGG Inc 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 42.76% during the next 3 months and, with 90% probability hold a price between $26.48 and $35.75 at the end of this period.
Only positive signals in the chart today. ZAGG Inc holds buy signals from both short- and long-term moving averages. In addition, 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 $19.69 and $19.51. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday December 12, 2017, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 34 and the stock is currently not being overbought or oversold
Support & Resistance
ZAGG Inc finds support from accumulated volume at $19.85. On the upside the stock meets some resistance just above today's level from accumulated volume at $20.15, $21.40 and $21.45.
The stock is about to test the resistance from accumulated volume at $20.15 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
This stock may move much during a 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 $0.78 between high and low, or 4.04%. For the last week, the stock has had a daily average volatility of 5.08%.
Our recommended stoploss: $18.72 (-5.93%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
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ZAGG Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Strong Buy Candidate.
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