Zosano Pharma Corp Forecast and Stock Analysis
Technical ZSAN stock analysis for Monday June 24, 2019.
Zosano Pharma Corp gained 1.60% in the last trading day ( Monday, 24th Jun 2019 ), rising from $3.12 to $3.17 , and has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During day the stock fluctuated 10.71% from a day low at $3.08 to a day high of $3.41. The price has risen in 7 of the last 10 days and is up by 10.45% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 247 062 more shares were traded than the day before. In total, 605 312 shares bought and sold for approximately $1.92 million.
- 30 day high of the ZSAN stock price was $3.41 and low was $2.64.
- 90 day high was $5.46 and low was $2.64.
- 52 week high for the Zosano Pharma Corp - $6.65 and low - $1.85.
Zosano Pharma Corp 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 $3.33 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 -38.15% during the next 3 months and, with 90% probability hold a price between $1.07 and $2.06 at the end of this period.
Only positive signals in the chart today. Zosano Pharma Corp holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $2.99 and $3.00. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday June 12, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 60 and the stock is currently not being overbought or oversold
Support & Resistance
Zosano Pharma Corp finds support from accumulated volume at $3.12.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.33 between high and low, or 10.71%. For the last week, the stock has had a daily average volatility of 6.78%.
Since the Zosano Pharma Corp has been rising for 7 days in a row, the risk for the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stoploss: $3.03 (-4.31%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 8 days ago.)
6.78 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.
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|ZSAN $3.17 ($0.05 1.60%)|
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