Today ZDGE ranks # as HOLD CANDIDATE.
Today ZDGE ranks # as HOLD CANDIDATE.

ZDGE stock Zedge Inc. Class B

ZDGE stock
Zedge Inc. Class B

April 24, 2019
Change -3.75%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Sell
TREND
Hold

MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Will ZDGE stock price go up or down on Fri, 26 Apr 2019?

Zedge Inc. Class B Forecast and Stock Analysis

Technical ZDGE stock analysis for April 24, 2019.

Hold candidate since 2019-04-23 Loss -3.75%
Shorts 0.47% ( 2019-03-29 )
Cash n/a
Loans n/a
Beta 1.43
ROA -12.95

Zedge Inc. Class B fell by -3.75% in the last day from $2.00 to $1.93 and has now fallen 3 days in a row. The price has risen in 5 of the last 10 days and is up by 0.79% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -830 shares and in total 849 shares bought and sold for approximately $1 634.32.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the ZDGE stock was $1.93. This is 3.75% less than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 0.00% from a day low at $1.93 to a day high of $1.93.

30 day high of the ZDGE stock price was $2.44 and low was $1.72.
90 day high was $2.55 and low was $1.67.
52 week high for the Zedge Inc. Class B - $4.34 and low - $1.64.

Trend

Given the current horizontal trend you can expect Zedge Inc. Class B with 90% probability to be traded between $1.66 and $2.26 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.

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Signals

Zedge Inc. Class B holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $2.12. On a fall, the stock will find some support from the long-term average at approximately $1.91. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday April 17, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

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Relative Strength Index (RSI)

RSI14 is 52 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Zedge Inc. Class B finds support from accumulated volume at $1.86.

Support: $1.86 Price: $1.93 Resistance: $2.05

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 9.35%.

Our recommended stoploss: $1.79 (-6.98%) (This stock has high daily movements and this gives high risk. There is a sell signal from pivot top found 4 days ago.)

Overall risk:

Very Low Low Medium High Very High

Today ZDGE ranks # as HOLD CANDIDATE.
Today ZDGE ranks # as HOLD CANDIDATE.