ZIP Company Limited (Z1P)
Source: IG
The global tech wreck, along with a collapse in buy-now-pay-later stocks locally, has seen Z!P shares fall towards post-pandemic lows with the stock down roughly 80% in the past year. While the company faces headwinds from higher interest rates and potentially weaker profits from increasing bad debts, the technicals point to a looming bounce for the stock. Although in a primary downtrend, the weekly RSI is heavily oversold, and the signal line is suggesting slowing downside momentum. A break of trendline resistance could see buyers drive a reversion in the stock, with the resistance at $2.70 the major level to watch in such an event
Daily Price Movement / General Discussion, page-45838
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Last
$1.60 |
Change
-0.095(5.60%) |
Mkt cap ! $1.791B | |||
| Open | High | Low | Value | Volume |
| $1.72 | $1.72 | $1.59 | $30.62M | 18.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 50 | 113334 | $1.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.61 | 58713 | 25 |
View Market Depth
| Last trade - 14.00pm 15/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |