RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ZKIN
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High volatility in ZK International Group Company. Ltd stock price on Thursday which ended trading at $0.585
(Updated on Mar 28, 2024)

Sell candidate since Mar 19, 2024 Loss -8.67% PDF

The ZK International Group Company. Ltd stock price gained 0.602% on the last trading day (Thursday, 28th Mar 2024), rising from $0.581 to $0.585. During the last trading day the stock fluctuated 10.23% from a day low at $0.571 to a day high of $0.629. The price has fallen in 6 of the last 10 days and is down by -14.22% for this period. Volume fell on the last day by -7 thousand shares and in total, 17 thousand shares were bought and sold for approximately $9.96 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -27.66% during the next 3 months and, with a 90% probability hold a price between $0.395 and $0.530 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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ZKIN Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 5.32%. Further rise is indicated until a new top pivot has been found. 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. The ZK International Group Company. Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 $0.592 and $0.682. A break-up above any of these levels will issue buy signals. 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 ZK International Group Company. Ltd stock

ZK International Group Company. Ltd finds support from accumulated volume at $0.581 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0584 between high and low, or 10.23%. For the last week the stock has had daily average volatility of 11.66%.

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

Trading Expectations (ZKIN) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect ZK International Group Company. Ltd to open at $0.595, and during the day (based on 14 day Average True Range), to move between $0.518 and $0.651, which gives a possible trading interval of +/-$0.0663 (+/-11.34%) up or down from last closing price. If ZK International Group Company. Ltd takes out the full calculated possible swing range there will be an estimated 22.67% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.581 (0.60%) than the resistance at $0.623 (6.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is ZK International Group Company. Ltd stock A Buy?

ZK International Group Company. Ltd 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.

Current score: -1.871 Sell Candidate Unchanged

Predicted Opening Price for ZK International Group Company. Ltd of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$0.595 ( 1.79%) $0.585

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

Trading levels for ZKIN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.653 11.78 %
R2 0.631 7.97 %
R1 0.617 5.61 %
Current price: 0.585
Support S1 0.573 -2.03 %
S2 0.559 -4.38 %
S3 0.537 -8.20 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.690 18.02 %
R2 0.670 14.64 %
R1 0.623 6.54 %
Current price 0.585
Support S1 0.581 -0.599%
S2 0.555 -5.05%
S3 0 .

FAQ

What is the symbol for ZK International Group Company. Ltd Stock and on which exchange is it traded?
The symbol for ZK International Group Company. Ltd is ZKIN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell ZK International Group Company. Ltd Stock?
ZK International Group Company. Ltd 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.

How to buy ZK International Group Company. Ltd Stock?
ZK International Group Company. Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy ZK International Group Company. Ltd Stock.

What's the current price of ZK International Group Company. Ltd Stock?
As of the end of day on the 2024-03-28, the price of an ZK International Group Company. Ltd (ZKIN) share was $0.585.

What is the 52-week high and low for ZK International Group Company. Ltd Stock?
The 52-week high for ZK International Group Company. Ltd Stock is $1.34 and the 52-week low is $0.400.

What is the market capitalization of ZK International Group Company. Ltd Stock?
As of the 2024-03-28, the market capitalization of ZK International Group Company. Ltd is 17.765M.

When is the next earnings date for ZK International Group Company. Ltd?
The upcoming earnings date for ZK International Group Company. Ltd is Oct 01, 2024.
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About ZK International Group Company. Ltd

ZK International Group Company. Ltd ZK International Group Co., Ltd., through its subsidiaries, engages in the designing, producing, and selling double-press thin-walled stainless steel, carbon steel, and single-press tubes and fittings in the People's Republic of China. It offers carbon and stainless steel strips; carbon and stainless steel pipes; light gauge stainless steel pipes; pipe connections and fittings; and couplings, unions, adapters, caps, plug pipes, elbows, three-way ... ZKIN Profile

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