Exchanges: NASDAQ | NYSE | XLON | AMS | ADS | TSE | BRU
Monday June 24, 2019 Change 1.60% Price $3.17
Chart period: 2019-03-25 - 2019-06-24
VOLUME
Buy
TREND
Sell
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will ZSAN stock price go up or down on Tue, 25 Jun 2019?

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Zosano Pharma Corp Forecast and Stock Analysis

Technical ZSAN stock analysis for Monday June 24, 2019.

Buy candidate since 2019-06-19 Gain 3.59%


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.

Quick summary:

  • 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.

Trend

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.

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Signals

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.

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A buy signal from a double bottom formation was found on Wednesday June 12, 2019 with a target of $2.92. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

RSI14 is 60 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Zosano Pharma Corp finds support from accumulated volume at $3.12.

Support: $3.12 Price: $3.17 Resistance: $3.49

Risk

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

Overall risk:

Very Low Low Medium High Very High

Evaluation:

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.

Buy Candidate Upgraded
Weaker Buy Today ZSAN ranks #932 as BUY CANDIDATE #932 Stronger Buy

Will ZSAN stock price go up or down on Tue, 25 Jun 2019?

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