Zoned Properties Stock Forecast

Stronger technical forecast for Zoned Properties stock price after Thursday trading.
(Updated on Apr 25, 2024)

ZDPY Signals & Forecast

The Zoned Properties stock holds a sell 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 giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.572. On a fall, the stock will find some support from the long-term average at approximately $0.517. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -9.17%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Zoned Properties stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.517 and $0.510. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Zoned Properties finds support just below today's level at $0.517. If this is broken, then the next support from accumulated volume will be at $0.510 and $0.430.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0450 between high and low, or 9.00%. For the last week the stock has had daily average volatility of 13.37%.

Our recommended stop-loss: $0.516 (-5.38%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (ZDPY) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Zoned Properties to open at $0.530, and during the day (based on 14 day Average True Range), to move between $0.492 and $0.598, which gives a possible trading interval of +/-$0.0532 (+/-9.76%) up or down from last closing price. If Zoned Properties takes out the full calculated possible swing range there will be an estimated 19.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.517 (5.14%) than the resistance at $0.580 (6.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Zoned Properties stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Zoned Properties stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.088 Buy Candidate Upgraded

Predicted Opening Price for Zoned Properties of Friday, April 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.