Today ZKIN ranks # as SELL CANDIDATE.
Today ZKIN ranks # as SELL CANDIDATE.

ZKIN stock ZK International Group Company. Ltd

ZKIN stock
ZK International Group Company. Ltd

22 January 2019
Change -2.62%
Chart period: 2018-10-23 - 2019-01-22
VOLUME
Sell
TREND
Sell

MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Buy
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ZK International Group Company. Ltd Stock Analysis

Technical stock analysis for 22 January 2019

Sell candidate since 2019-01-22
Shorts n/a
Cash n/a
Loans n/a
Beta 1.65
ROA 9.97

ZK International Group Company. Ltd fell by -2.62% in the last day from $1.74 to $1.70 The price has been going up and down for this period, and there has been a -0.23% loss for the last 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 -460 shares and in total 516 shares bought and sold for approximately $875.19.

Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the ZKIN stock was $1.70. This is 2.62% less than the trading day before Friday, 18th Jan 2019.

During day the stock fluctuated 0.96% from a day low at $1.68 to a day high of $1.70.

30 day high of the ZKIN stock price was $1.86 and low was $1.25.
90 day high was $2.98 and low was $1.25.
52 week high for the ZK International Group Company. Ltd - $10.49 and low - $1.25.

Trend

ZK International Group Company. Ltd lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $1.71 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -35.80% during the next 3 months and, with 90% probability hold a price between $0.54 and $1.10 at the end of this period.

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Signals

ZK International Group Company. Ltd 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 $1.71. On a fall, the stock will find some support from the long-term average at approximately $1.63. 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 January 16, 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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A buy signal from a double bottom formation was found on Tuesday January 15, 2019 and based on theory for this formation the price should go up by 0.18% to $1.82 within 3 trading days since signal was issued (Friday January 18, 2019).

Relative Strength Index (RSI)

RSI14 is 59 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $1.55 and $1.42.

There is 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, ZK International Group Company. Ltd finds support just below today's level at $1.55. If this is broken, then the next support from accumulated volume will be at $1.42 and $1.40.

Support: $1.55 Price: $1.70 Resistance: $1.70

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 $0.02 between high and low, or 0.96%. For the last week the stock has had a daily average volatility of 3.59%.

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

Overall risk:

Very Low Low Medium High Very High

Evaluation

ZK International Group Company. Ltd holds several negative signals and we believe that 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.

Today ZKIN ranks # as SELL CANDIDATE.
Today ZKIN ranks # as SELL CANDIDATE.