Zambeef Products Forecast and Stock Analysis
Technical ZAM.L stock analysis for March 22, 2019.
No changes to the price of Zambeef Products in the last trading day. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the ZAM.L stock was £10.65.
During day the stock fluctuated 2.38% from a day low at £10.50 to a day high of £10.75.
30 day high of the ZAM.L stock price was £11.00 and low was £10.10.
90 day high was £11.10 and low was £10.00.
52 week high for the Zambeef Products - £13.25 and low - £9.50.
Given the current horizontal trend you can expect Zambeef Products with 90% probability to be traded between £9.99 and £10.84 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Zambeef Products 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 £10.65 and £10.56. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday March 14, 2019, which indicates further gains until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point".
Relative Strength Index (RSI)
RSI14 is 50 and the stock is currently not being overbought or oversold
Support & Resistance
Zambeef Products finds support from accumulated volume at £10.40.
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 £0.25 (2.38%) between high and low. For the last week, the stock has had a daily average volatility of 1.24%.
Our recommended stoploss: £9.99 (-6.18%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 6 days ago.)
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Zambeef Products holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.