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Jiuzi Holdings's 15min chart shows RSI Oversold and KDJ Golden Cross
ByAinvest
Thursday, Apr 24, 2025 1:01 pm ET1min read
Jiuzi Holdings' 15-minute chart has exhibited an RSI reading below the oversold threshold, coupled with a KDJ Golden Cross at 04/24/2025 12:45. This indicates that the stock price has experienced a precipitous decline, falling below the level of fundamental support. However, the momentum of the stock price is shifting towards an uptrend, suggesting that it has the potential to rebound and further increase.
Jiuzi Holdings Inc. (JZXN) has achieved a significant milestone as its stock price hit a new 52-week high, reaching $7.35 on April 24, 2025 [1]. This marks a substantial gain for the electric vehicle retailer, with a year-to-date return of 411% and a 40% increase over the past year. Notably, the stock has surged by 362% in the past six months alone.The impressive performance reflects investor confidence and a positive market outlook. However, technical indicators suggest caution. As of April 25, 2025, Jiuzi Holdings' 15-minute chart indicates an RSI reading below the oversold threshold, coupled with a KDJ Golden Cross at 12:45 on April 24, 2025. These indicators suggest that the stock price has experienced a precipitous decline, falling below the level of fundamental support. Despite this, the momentum is shifting towards an uptrend, suggesting potential for a rebound and further price increase.
InvestingPro analysis reveals that while the stock is currently overvalued at current levels, it also indicates that Jiuzi Holdings is burning through cash rapidly. This financial strain could pose a risk to the company's long-term sustainability. Investors seeking detailed insights can access 14 additional ProTips and comprehensive financial metrics through InvestingPro's advanced analysis tools.
In summary, Jiuzi Holdings' stock has reached a significant milestone, but technical indicators and financial strain warrant caution. Investors should carefully consider these factors before making investment decisions.
References:
[1] https://za.investing.com/news/company-news/jzxn-stock-soars-to-52week-high-reaching-735-93CH-3669937
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