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ZAGG - ZAGG Inc

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

Fri 23'rd Feb 2018

PERIOD 2017-11-24 - 2018-02-23
CHANGE 3.24%
PRICE $15.95
VOLUME
Sell
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Buy

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ZAGG Inc Stock Analysis

Technical stock analysis for Fri 23'rd Feb 2018

Shorts 2.40% ( 2018-01-31 )
Cash 41.6 mill
Loans 190.0 mill
Beta 0.92
ROA 0.94
Sell candidate since 2018-02-15 Loss -3.33%

ZAGG Inc gained 3.24% in the last trading day, rising from $15.45 to $15.95 The price has risen in 5 of the last 10 days and is up by 2.57% over the past 2 weeks. Volume fell in the last day by -53 139 shares, and in total, 182 096 shares bought and sold for approximately $2.90 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Access today's Top 5 Sell Candidates

Trend

ZAGG Inc lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $16.51 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -27.20% during the next 3 months and, with 90% probability hold a price between $9.26 and $12.02 at the end of this period.

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Signals

A buy signal was issued from a pivot bottom point on Thursday February 22, 2018, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. ZAGG Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $16.01 and $16.75. A break-up above any of these levels will issue buy signals.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 51 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 $15.90. On the upside the stock meets some resistance from accumulated volume at $17.20, $19.50 and $19.90.

Support: $15.90 Price: $15.95 Resistance: $17.20

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.65 (4.21%) between high and low. For the last week, the stock has had a daily average volatility of 4.09%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation

ZAGG Inc 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. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.

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