ZK International Group Company. Ltd Forecast and Stock Analysis
Technical ZKIN stock analysis for March 19, 2019.
ZK International Group Company. Ltd fell by -0.69% in the last day from $1.44 to $1.43 and has now fallen 3 days in a row. The price has fallen in 7 of the last 10 days and is down by -0.69% for this period. 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 -55 868 shares and in total 162 273 shares bought and sold for approximately $232 050.00.
Close price at the end of the last trading day (Tuesday, 19th Mar 2019) of the ZKIN stock was $1.43. This is 0.69% less than the trading day before Monday, 18th Mar 2019.
During day the stock fluctuated 2.80% from a day low at $1.43 to a day high of $1.47.
30 day high of the ZKIN stock price was $1.78 and low was $1.28.
90 day high was $4.18 and low was $1.25.
52 week high for the ZK International Group Company. Ltd - $7.51 and low - $1.25.
ZK International Group Company. Ltd 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 -9.49% during the next 3 months and, with 90% probability hold a price between $1.00 and $1.53 at the end of this period.
There are few to none technical positive signals at the moment. ZK International Group Company. Ltd 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 $1.45 and $1.48. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday March 13, 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.
Relative Strength Index (RSI)
RSI14 is 49 and the stock is currently not being overbought or oversold
Support & Resistance
ZK International Group Company. Ltd finds support from accumulated volume at $1.42.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.