ZAGG - ZAGG Inc

Industry: Specialty Retail, Other Sector: Services Exchange: NASDAQ

Wed 13'th Dec 2017

PERIOD 2017-09-14 - 2017-12-13
CHANGE 2.84%
PRICE $19.90
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

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ZAGG Inc Stock Analysis

Technical stock analysis for Wed 13'th Dec 2017

Shorts 1.37% ( 2017-11-15 )
Cash 41.6 mill
Loans 190.0 mill
Beta 0.92
ROA 0.96
Buy candidate since 2017-12-12 Gain 2.84%

ZAGG Inc gained 2.84% in the last trading day, rising from $19.35 to $19.90 The price has risen in 5 of the last 10 days and is up by 0.25% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 293 998 more shares were traded than the day before. In total, 988 198 shares bought and sold for approximately $19.67 million.

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Trend

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.

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Signals

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.

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A buy signal from a double bottom formation was found on Tuesday December 12, 2017 with a target of $19.85. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

RSI14 is 34 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

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.

Support: $19.85 Price: $19.90 Resistance: $20.15

Risk

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.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

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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