Zambeef Products Stock Forecast
Zambeef Products stock price ended at £5.75 on Thursday, after losing 0%.
(Updated on Apr 25, 2024)
No changes to the price of Zambeef Products stock on the last trading day (Thursday, 25th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at £5.75 to a day high of £5.75. The price has risen in 4 of the last 10 days.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Zambeef Products stock with a 90% probability to be traded between £5.50 and £6.00 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ZAM.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has fallen 0%. 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 Zambeef Products stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 £5.84 and £5.84. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A sell signal from a double top formation was found on Tuesday, April 16, 2024 and based on theory for this formation the price should fall by -12.17% to £5.05 within 4 trading days since signal was issued (Friday, April 26, 2024).
Support, Risk & Stop-loss for Zambeef Products stock
Zambeef Products finds support from accumulated volume at £5.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £0 (0%) between high and low. For the last week, the stock has had daily average volatility of 2.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ZAM.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Zambeef Products to open at £5.75, and during the day (based on 14 day Average True Range), to move between £5.52 and £5.98, which gives a possible trading interval of +/-£0.225 (+/-3.92%) up or down from last closing price. If Zambeef Products takes out the full calculated possible swing range there will be an estimated 7.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £5.80 (0.87%) than the support at £5.70 (0.87%), 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 Zambeef Products stock A Buy?
Zambeef Products holds several negative signals and is within a 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.
Current score: -1.036 Sell Candidate Unchanged
Predicted Opening Price for Zambeef Products of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £5.75 ( 0%) | £5.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZAM.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.75 | . | |
| R2 | 5.75 | . | ||
| R1 | 5.75 | . | ||
| Current price: | 5.75 | |||
| Support | S1 | 5.75 | . | |
| S2 | 5.75 | . | ||
| S3 | 5.75 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.00 | 4.35 % | |
| R2 | 5.98 | 3.91 % | ||
| R1 | 5.80 | 0.87 % | ||
| Current price | 5.75 | |||
| Support | S1 | 5.70 | -0.87% | |
| S2 | 5.65 | -1.74% | ||
| S3 | 5.55 | -3.48% |
ZAM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 22, 2011 | Dec 22, 2011 | Dec 22, 2011 | £0.450 | 0.93% |
| 2 | Dec 21, 2011 | Dec 21, 2011 | Dec 21, 2011 | £2,140.00 | 4,412.37% |
FAQ
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