ZK Price Prediction Next Week
Technical Analysis: ZK is currently trading at $25.30, showing a bearish trend in the short term with RSI(14) at 47.09 indicating neutral momentum. The stock is trading below its 5-day SMA ($25.12) and 10-day SMA ($25.52), suggesting downward pressure.
Price Targets Based on Fibonacci Levels:
- Resistance levels: R1: $27.72, R2: $28.73, R3: $30.36
- Support levels: S1: $24.45, S2: $23.44, S3: $21.80
- Pivot point: $26.08
News Impact Analysis: Recent significant developments affecting ZK:
- Positive: Strong delivery numbers with 11,942 units in January 2025
- Positive: Achieved 87% YoY growth in 2024 with 222,123 vehicle deliveries
- Negative: Recent suspension of U.S. EV charging infrastructure program could impact growth
Analyst Sentiment:
- Consensus Buy rating with upside potential of 39%
- Price targets:
- CICC: $31.74 (Outperform)
- Bank of America: $26.00 (Buy)
Next Week Price Prediction: Based on technical indicators and news sentiment:
- Bullish scenario (40% probability): Price could reach $27.72 (R1) if market sentiment improves
- Bearish scenario (35% probability): Price might test $24.45 (S1) support level
- Base scenario (25% probability): Consolidation between $25.00-$26.08
Trading Recommendation: SELL Rationale:
- Technical indicators show weakening momentum
- Price trading below key moving averages
- Recent market close at $25.30 shows weakness
- EV sector facing headwinds from infrastructure funding suspension
- Despite strong fundamentals, short-term technical setup suggests downside risk
Target entry: Current market price ($25.30) Stop loss: $26.08 (Pivot point) Price target: $24.45 (S1)
ZK Similar Chart Price Prediction
The price of ZK is predicted to go up -3.51%, based on the high correlation periods with ATYR. The similarity of these two price pattern on the periods is 92.11%.
ZK
ATYR
Down: -3.51%Similarity: 92.11%
