Zoe's Kitchen Inc Fund Forecast

Zoe's Kitchen Inc fund price down 0% on Friday
(Updated on Jan 18, 2019)

ZOES Signals & Forecast

The Zoe's Kitchen Inc fund holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $12.76 and $12.74. A breakdown below any of these levels will issue sell signals. 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 Thursday, January 17, 2019, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Zoe's Kitchen Inc fund

Zoe's Kitchen Inc finds support from accumulated volume at $12.72 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%

Our recommended stop-loss: $12.25 (-4.00%) (This fund has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (ZOES) For The Upcoming Trading Day Of Tuesday 22nd

For the upcoming trading day on Tuesday, 22nd we expect Zoe's Kitchen Inc to open at $12.76, and during the day (based on 14 day Average True Range), to move between $12.75 and $12.77, which gives a possible trading interval of +/-$0.0109 (+/-0.09%) up or down from last closing price. If Zoe's Kitchen Inc takes out the full calculated possible swing range there will be an estimated 0.17% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $12.72, some $0.0400 (0.31%) from the current price of $12.76, our system finds the risk reward attractive.

Is Zoe's Kitchen Inc fund A Buy?

Zoe's Kitchen Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.387 Hold/Accumulate Unchanged

Predicted Opening Price for Zoe's Kitchen Inc of Tuesday, January 22, 2019

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