VOLUME
Sell
TREND
Hold
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

ZZZOF Forecast and Technical Stock Analysis

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Hold candidate since 2019-08-16

No changes to the price of Zinc One Resources Inc in the last trading day ( Monday, 19th Aug 2019 ). During the day the stock fluctuated 0.00% from a day low at $0.02 to a day high of $0.02. The price has been going up and down for this period, and there has been a 100% gain for the last 2 weeks.

Quick summary:

  • 30 day high of the ZZZOF stock price was $0.03 and low was $0.01.
  • 90 day high was $0.04 and low was $0.01.
  • 52 week high for Zinc One Resources Inc - $0.12 and low - $0.01.
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Trend

Zinc One Resources Inc has broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $0.02, a level that may pose a second chance to hit a runner. According to fan-theory $0.04 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.

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Signals

Zinc One Resources Inc holds buy signals from both short- and long-term moving averages. In addition, 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 $0.02 and $0.02. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday August 16, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

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A buy signal from a double bottom formation was found on Wednesday August 14, 2019 and based on theory for this formation the price should go up by 0.01% to $0.02 within 8 trading days since signal was issued (Monday August 26, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

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

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $0.02 and $0.02.

There is 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, Zinc One Resources Inc finds support just below today's level at $0.02. If this is broken, then the next support from accumulated volume will be at $0.02 and $0.02.

Support: $0.02 Price: $0.02 Resistance: $0.02

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 13.89%.

Our recommended stop-loss: $0.02 (-3.80%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 1 day(s) ago.)

13.89 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Upgraded

Evaluation

Zinc One Resources Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level, we recommend to hold or accumulate in this position whilst awaiting further development.

Will ZZZOF stock price go up or down on Tue, 20 Aug 2019?

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