RSI low/high Values: [ 25 - 75 ]
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AI Analysis of ZTF.L
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Zotefoams plc stock downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 21, 2024 Gain 9.20% PDF

The Zotefoams plc stock price fell by -5.00% on the last day (Wednesday, 27th Mar 2024) from £400.00 to £380.00. During the last trading day the stock fluctuated 5.00% from a day low at £380.00 to a day high of £399.00. The price has risen in 5 of the last 10 days and is up by 15.5% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -168 thousand shares and in total, 42 thousand shares were bought and sold for approximately £16.05 million.

The stock 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 -3.00% during the next 3 months and, with a 90% probability hold a price between £306.73 and £394.41 at the end of this 3-month period.

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ZTF.L Signals & Forecast

The Zotefoams plc stock 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 £373.14 and £350.83. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Monday, March 25, 2024, and so far it has fallen -6.63%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Zotefoams plc stock

On the downside, the stock finds support just below today's level from accumulated volume at £355.00 and £348.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Zotefoams plc finds support just below today's level at £355.00. If this is broken, then the next support from accumulated volume will be at £348.00 and £344.00.

This stock may move much during the 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 £19.00 between high and low, or 5.00%. For the last week, the stock has had daily average volatility of 6.99%.

Our recommended stop-loss: £358.57 (-5.64%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (ZTF.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Zotefoams plc to open at £386.33, and during the day (based on 14 day Average True Range), to move between £358.79 and £401.21, which gives a possible trading interval of +/-£21.21 (+/-5.58%) up or down from last closing price. If Zotefoams plc takes out the full calculated possible swing range there will be an estimated 11.16% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £382.00 (0.53%) than the support at £355.00 (6.58%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Zotefoams plc stock A Buy?

Zotefoams plc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.865 Hold/Accumulate Downgraded

Predicted Opening Price for Zotefoams plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£386.33 ( 1.67%) £380.00

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

Trading levels for ZTF.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 405.33 6.67 %
R2 398.08 4.76 %
R1 393.59 3.58 %
Current price: 380.00
Support S1 379.08 -0.243 %
S2 374.59 -1.42 %
S3 367.33 -3.33 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 407.00 7.11 %
R2 400.00 5.26 %
R1 382.00 0.526 %
Current price 380.00
Support S1 355.00 -6.58%
S2 348.00 -8.42%
S3 344.00 -9.47%

ZTF Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 02, 2024 May 02, 2024 Jun 03, 2024 £4.90 1.29%
2 May 04, 2023 May 04, 2023 May 04, 2023 £4.62 1.18%
3 Aug 09, 2022 Sep 08, 2022 Oct 07, 2022 £2.18 0.84%
4 Mar 22, 2022 May 05, 2022 Jun 01, 2022 £4.40 1.41%
5 Aug 10, 2021 Sep 09, 2021 Oct 08, 2021 £2.10 0.559%

FAQ

What is the symbol for Zotefoams plc Stock and on which exchange is it traded?
The symbol for Zotefoams plc is ZTF.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Zotefoams plc Stock?
Zotefoams plc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Zotefoams plc Stock?
Zotefoams plc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Zotefoams plc Stock.

What's the current price of Zotefoams plc Stock?
As of the end of day on the 2024-03-27, the price of an Zotefoams plc (ZTF.L) share was £380.00.

What is the 52-week high and low for Zotefoams plc Stock?
The 52-week high for Zotefoams plc Stock is £415.00 and the 52-week low is £258.55.

What is the market capitalization of Zotefoams plc Stock?
As of the 2024-03-27, the market capitalization of Zotefoams plc is 185.208M.

When is the next earnings date for Zotefoams plc?
The upcoming earnings date for Zotefoams plc is Aug 06, 2024.
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About Zotefoams plc

Zotefoams plc Zotefoams plc, together with its subsidiaries, manufactures, distributes, and sells polyolefin block foams in the United Kingdom, Continental Europe, North America, and internationally. The company operates through Polyolefin Foams, High-Performance Products, and MuCell Extrusion LLC segments. It offers AZOTE, a polyolefin foam under the Plastazote, Evazote, and Supazote brands; and various high-performance foams manufactured from fluoropolymers,... ZTF.L Profile

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