Cosan Ltd (CZZ) Stock Technical Analysis
NYSE:CZZ
Taking everything into account, CZZ scores 4 out of 10 in our technical rating. CZZ has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- When comparing the yearly performance of all stocks, CZZ is a bad performer in the overall market: 73% of all stocks are doing better.
- CZZ is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month CZZ has a been trading in the 17.17 - 21.25 range, which is quite wide. It is currently trading near the high of this range.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, CZZ does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 20.74. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.89, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CZZ in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
10.86
When analyzing the support we can see 5 important areas.
- A support zone ranging from 18.43 to 18.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.33 to 17.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.99 from a horizontal line in the daily time frame.
- Support @15.99 from a trend line in the weekly time frame.
- Support @10.97 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 20.74 to 20.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for CZZ is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CZZ is neutral. |
| ChartMill Relative Strength | 27.35 | NEGATIVE | CZZ has a low relative strength, it was outperformed by 72.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CZZ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CZZ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CZZ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.31 | NEUTRAL | The RSI value for CZZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests CZZ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.58 | NEUTRAL | The Stochastics value for CZZ is a neutral value. |
| Average True Range in percent/ATR (20) | 4.92 | MEDIUM VOLATILITY | The ATR as a percentage value for CZZ suggests some volalility. |
20.29
+0.4 (+2.01%)
Cosan Ltd / CZZ FAQ
What is the technical rating for CZZ stock?
ChartMill assigns a technical rating of 4 / 10 to CZZ.
What is the current trend direction of Cosan Ltd (CZZ) stock?
The current trend direction for Cosan Ltd (CZZ) is Bearish.
Can you provide the RSI signal for Cosan Ltd?
Cosan Ltd (CZZ) has an RSI value of 57.3146. This indicates that the stock is currently neutral.
What is the support and resistance level for CZZ stock?
Cosan Ltd (CZZ) has a support level at 18.89 and a resistance level at 20.74. Check the full technical report for our detailed analysis of CZZ support and resistance levels.