The Zweig Total Return Fund, Inc Stock Forecast

Red day on Wednesday for The Zweig Total Return Fund, Inc stock after losing 0%
(Updated on Apr 24, 2024)

ZTR Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.48%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The The Zweig Total Return Fund, Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $5.43. On a fall, the stock will find some support from the short-term average at $5.32. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for The Zweig Total Return Fund, Inc stock

The Zweig Total Return Fund, Inc finds support from accumulated volume at $5.32 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0300 between high and low, or 0.560%. For the last week the stock has had daily average volatility of 1.02%.

Our recommended stop-loss: $5.08 (-5.55%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (ZTR) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect The Zweig Total Return Fund, Inc to open at $5.38, and during the day (based on 14 day Average True Range), to move between $5.31 and $5.45, which gives a possible trading interval of +/-$0.0651 (+/-1.21%) up or down from last closing price. If The Zweig Total Return Fund, Inc takes out the full calculated possible swing range there will be an estimated 2.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $5.32 (1.12%) than the resistance at $5.49 (2.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is The Zweig Total Return Fund, Inc stock A Buy?

The Zweig Total Return Fund, Inc 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.

Current score: 0.943 Hold/Accumulate Unchanged

Predicted Opening Price for The Zweig Total Return Fund, Inc of Thursday, April 25, 2024

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