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Zedge Inc. Class B (ZDGE)

Zedge stock forecast: buy or sell

Close on Sep 25th, 2020
$1.43 0.01%
3 months performance
0.04%
Published: September 26th, 2020 - 22:25

Zedge stock outlook

  • Zedge stock just moved 0.7% to close at $1.43 on the stock market yesterday.
  • From the chart point view, price is drawing an scaled downtrend since mid-July with lower tops and lower bottoms. shares price lost a -18.29% since the downtrend started.
  • Zedge, Inc. operates a digital publishing and content platform worldwide.

Important:
The viewpoints written in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this document does not have any knowledge of the specific positions of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are provided for education motives only

Zedge stock charts

Should I buy Zedge stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is ZDGE stock a buy?

In the current situation of Zedge there is not any eligible buy setup. This doesn't mean ZDGE will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Zedge stock?

When you are a novel trader and you own stock shares with some profit, it's really hard to decide the best moment to sell and get your benefits. Trading strategies give us the ability us to avoid impulsive decisions based on our moods or the noise surrounding the market. Our trading system selects very simple setups to guide us on when is a good time to sell our shares. Be aware that these setups should not be used for selling short ZDGE stock

As a rule of thumb, you should not keep a trade that results in greater losses than those expected at the time of the buy. When to sell shares must always be dictated by the stop-loss (automatic or manual)

Is it time to sell Zedge stock?

In the current situation of Zedge there is not any eligible sell setup, so Zedge stock holders with operations in profit can keep their positions

Analysts' recommendations to buy or sell Zedge stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

We don't have any rating posted in the last month for Zedge

Technical analysis

Zedge accumulates a selloff of -18.29% since its latest high mid-July at $1.75. Like in all downtrends, the stock oscillates drawing lower highs and lows. In this case, we have seen 2 consecutive lower tops

SMAs overview

Moving averages are simple indicators for investors to detect momentum. A moving average is the average price of a stock over a set period of time. Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days

ZDGE SMAs chart

Supports and resistances

Investors use support and resistance levels as a way to identify price points on a chart that tend to behave as glass ceiling, preventing the price of an asset to move up or down. Supports are levels where the price tends to find support as it falls. Price is more likely to "rebound" this level rather than break through it. However, if the price breaks down this level, it is likely to continue descending until meeting another support level. On the other side, a resistance level is where the price may find opposition as it rises. Likewise, the price is more liable to "rebound" at this level, and if it finally breaks this level, it will rise easily until it hits the next resistance

The current resistances are:

  • R1: $1.43 (0% above)
  • R2: $1.48 (3.5% above)
  • R3: $1.49 (4.2% above)
  • The current supports are:

  • S1: $1.40 (-2.1% below)
  • S2: $1.35 (-5.59% below)
  • S3: $1.33 (-6.99% below)
  • Bollinger bands

    The so-called Bollinger bands are a well-known technique introduced by John Bollinger. Essentially, the Bollinger Bands are bands that move around a moving average and vary the distance from the bottom to the top depending on market volatility. They are usually drawn by an interval of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20

    ZDGE RSI chart

    Relative strength index

    The RSI (Relative Strength Index) is an oscillator-type indicator that track price fluctuations to reveal when the share or financial asset is oversold or overbought. Oscillator indicators, such as relative strength, are designed to indicate values in the range of 0-100. J. Welles Wilder introduced the relative strength indicator in the late 1970s and since then it has been widely used by stock traders

    The relative strength (RSI) has been between the overbought and oversold zones for many weeks, and therefore, without this indicator really being helpful in making any decisions.

    ZDGE RSI chart

    Earnings and financials

    In mid-June, Zedge had the financial event and released the second-quarter report.

    This compares to earnings of $-0.12 per share same quarter last year, so reported EPS means an increase of 100%. Looking at sales, figures grew a 8.85% compared to $1.9M same quarter a year ago.

    Zedge will host the earnings call on mid next October. Market estimates an earnings per share (EPS) of $-0.04, compared to previous quarter that made $0.00. If you hold or you are looking to buy Zedge stock, be careful as earnings reporting day usually has a higher than usual volatility, and price can soar and sink with exceptionally low liquidity and not respecting your buy or stop-loss orders. You can probably find more information about the earnings call and the financial reports on the Investor Relations section of its website: http://www.zedge.net.

    ZDGE revenues and profits chart