Cosan Ltd (CZZ) Stock Technical Analysis
NYSE:CZZ - New York Stock Exchange, Inc. -
Overall CZZ gets a technical rating of 4 out of 10. In the last year, CZZ was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
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.
When analyzing the resistance we notice one important 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%)