Zosano Pharma Corp Forecast and Stock Analysis
Technical ZSAN stock analysis for March 19, 2019.
Zosano Pharma Corp gained 2.99% in the last trading day, rising from $4.69 to $4.83 The price has been going up and down for this period, and there has been a 10.02% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.62 million more shares were traded than the day before. In total, 1.06 million shares bought and sold for approximately $5.11 million.
Close price at the end of the last trading day (Tuesday, 19th Mar 2019) of the ZSAN stock was $4.83. This is 2.99% more than the trading day before Monday, 18th Mar 2019.
During day the stock fluctuated 15.32% from a day low at $4.57 to a day high of $5.27.
30 day high of the ZSAN stock price was $6.65 and low was $2.18.
90 day high was $6.65 and low was $1.85.
52 week high for the Zosano Pharma Corp - $19.10 and low - $1.85.
Zosano Pharma Corp lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 84.81% during the next 3 months and, with 90% probability hold a price between $6.13 and $12.89 at the end of this period.
Only positive signals in the chart today. Zosano Pharma Corp holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $4.99. On a fall, the stock will find some support from the long-term average at approximately $3.71. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Monday March 18, 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 46 and the stock is currently not being overbought or oversold
Support & Resistance
Zosano Pharma Corp finds support from accumulated volume at $4.78.
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 $0.70 between high and low, or 15.32%. For the last week, the stock has had a daily average volatility of 11.22%.
Our recommended stoploss: $4.48 (-7.20%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 1 days ago.)
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Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and 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.