Zosano Pharma Corp Stock Analysis
Technical stock analysis for 18 January 2019
Zosano Pharma Corp gained 1.33% in the last trading day, rising from $2.26 to $2.29 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has been going up and down for this period, and there has been a -13.26% loss for the last 2 weeks. Volume fell in the last day by -41 287 shares, and in total, 73 245 shares bought and sold for approximately $167 731.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Friday, 18th Jan 2019) of the ZSAN stock was $2.29. This is 1.33% more than the trading day before Thursday, 17th Jan 2019.
During day the stock fluctuated 12.03% from a day low at $2.05 to a day high of $2.30.
30 day high of the ZSAN stock price was $3.36 and low was $1.85.
90 day high was $4.15 and low was $1.85.
52 week high for the Zosano Pharma Corp - $25.70 and low - $1.85.
Zosano Pharma Corp 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 -37.16% during the next 3 months and, with 90% probability hold a price between $0.89 and $1.88 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday January 16, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Zosano Pharma Corp 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 $2.44 and $2.93. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Relative Strength Index (RSI)
RSI14 is 51 and the stock is currently not being overbought or oversold
Support & Resistance
Zosano Pharma Corp finds support from accumulated volume at $2.25.
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 $0.25 between high and low, or 12.03%. For the last week the stock has had a daily average volatility of 10.05%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Zosano Pharma Corp 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.
|ZSAN $2.29 $0.03(1.33%)|
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