Zinc One Resources Inc Forecast and Stock Analysis
Technical ZZZOF stock analysis for Friday May 17, 2019.
Zinc One Resources Inc gained 0.84% in the last trading day ( Friday, 17th May 2019 ), rising from $0.03 to $0.03 During day the stock fluctuated 27.45% from a day low at $0.03 to a day high of $0.04. The price has fallen in 4 of the last 10 days and is down by -32.53% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 6 999 more shares were traded than the day before. In total, 18 000 shares bought and sold for approximately $624.24.
- 30 day high of the ZZZOF stock price was $0.06 and low was $0.03.
- 90 day high was $0.07 and low was $0.03.
- 52 week high for the Zinc One Resources Inc - $0.20 and low - $0.03.
Zinc One Resources Inc lies in the lower of a very wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $0.03 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -28.79% during the next 3 months and, with 90% probability hold a price between $0.02 and $0.04 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday May 16, 2019, which indicates further gains until a new top pivot has been found. Zinc One Resources Inc has rising volume and follows the last lift in the price. This considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Zinc One Resources Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $0.04 and $0.05. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 34 and the stock is currently not being overbought or oversold
Support & Resistance
Zinc One Resources Inc finds support from accumulated volume at $0.03.
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 $0.01 between high and low, or 27.45%. For the last week, the stock has had a daily average volatility of 13.46%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
13.46 %Average volatility
Very Low Low Medium High Very High
Zinc One Resources Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.
|Golden Star Signal|
Get competitive edge
The signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives a very good return. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Get access to Golden Star list now
From Our Blog
- Trading With Moving Average
- Pivot Points
- Accumulated Volume - Support and Resistance
- Volume - The Indicator You Really Need to Know
- We Give Back!
- Better Buy: Amazon vs. Facebook
- Better Buy: Apple vs. Microsoft
- Relative Strength Index (RSI)
- How to Lose Money When Trading: Part 2
- How to Lose Money When Trading: A Trader is Born
- Our 2017 Christmas Donation
- The Golden Star
- Announcing Partnership With CityFALCON
- Why correct moving average matters
- NASDAQ down -4.17%. Our portfolio is up +8.56%
- New Feature Added: Golden Star Signal
- Pick a Winner With StockInvest.us