ZMLP Stock Forecast and Technical Analysis
Sell candidate since 2020-02-05 Loss -12.33% PDF
DIREXION ZACKS MLP HIGH INCOME INDEX SHARES DIREXION ZACKS MLP HIGH INCOME INDEX SHARES fell by -1.96% in the last day ( Wednesday, 26th Feb 2020 ) from $10.23 to $10.03 and has now fallen 7 days in a row. During the day the stock fluctuated 2.99% from a day low at $10.03 to a day high of $10.33. The price has fallen in 8 of the last 10 days and is down by -10.37% for this period. Volume has increased in the last day by 44 692 shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 163 707 shares bought and sold for approximately $1.64 million.
ZMLP Stock Price Summary
- 30 day high of the ZMLP stock price was $11.56 and low was $10.03.
- 90 day high was $12.52 and low was $10.03.
- 52 week high for DIREXION ZACKS MLP HIGH INCOME INDEX SHARES DIREXION ZACKS MLP HIGH INCOME INDEX SHARES - $14.14 and low - $10.03.
DIREXION ZACKS MLP HIGH INCOME INDEX SHARES DIREXION ZACKS MLP HIGH INCOME INDEX SHARES has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($10.38) are considered to be a "second chance" to get out. According to the fan-theory $8.71 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
There are few to no technical positive signals at the moment. DIREXION ZACKS MLP HIGH INCOME INDEX SHARES DIREXION ZACKS MLP HIGH INCOME INDEX SHARES 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 $10.79 and $11.54. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday February 12, 2020, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
ZMLP Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 14 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
ZMLP Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
ZMLP Stock Risk
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.30 (2.99%) between high and low. For the last week, the stock has had daily average volatility of 2.78%.
DIREXION ZACKS MLP HIGH INCOME INDEX SHARES DIREXION ZACKS MLP HIGH INCOME INDEX SHARES is oversold on RSI14 (14). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
2.78 %Average volatility
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ZMLP Stock Evaluation
DIREXION ZACKS MLP HIGH INCOME INDEX SHARES DIREXION ZACKS MLP HIGH INCOME INDEX SHARES holds several negative signals and is within a 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.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
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