ZUMZ - Zumiez Inc. Mon 27'th Feb 2017
Stock analysis for Mon 27'th Feb 2017 (Updated daily)
Buy candidate since 2017-02-27
Zumiez Inc. Stock Analysis
Zumiez Inc. gained 3.07% in the last trading day, rising from USD 19.55 to USD 20.15. , 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 fallen in 6 of the last 10 days and is down by -3.82% for this period. Volume fell in the last day by -2 425 shares and ,in total, 389 038 shares bought and sold for approximately USD 7.84 million. You should note that falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Zumiez Inc. lies the upper part of a wide and strong 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 USD 20.70 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 -22.6% during the next 3 months and, with 90% probability hold a price between USD 12.87 and USD 16.02 at the end of this period.
Only positive signals in the chart today. Zumiez Inc. 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 USD 19.81 and USD 19.97. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday February 23, 2017, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSI14 is 48 and the stock is currently not being overbought or oversold
Support & Resistance
Zumiez Inc. finds support from accumulated volume at USD 19.95, USD 19.85, and USD 18.85. On the upside the stock meets some resistance from accumulated volume at USD 24.05, USD 24.55 and USD 24.70.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved USD 0.82 (4.19%) between high and low. For the last week, the stock has had a daily average volatility of 6.34%.
Our recommended stoploss: USD 19.91 (-1.19%) ( criteria: risk and position in trend)
Several short-term signals are positive and despite the stock being in a strong 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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.