NorZinc Ltd (NZC.CA) Stock Technical Analysis
Canada • Toronto Stock Exchange • TSX:NZC • CA66976U1049
Overall NZC gets a technical rating of 2 out of 10. NZC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, NZC is a bad performer in the overall market: 69% of all stocks are doing better.
- NZC is one of the lesser performing stocks in the Metals & Mining industry. 80% of 812 stocks in the same industry do better.
- In the last month NZC has a been trading in the 0.03 - 0.04 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!
- NZC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NZC is lagging the market.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, NZC does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 0.03, a Stop Loss order could be placed below this zone.
More info and screens
0.03
We found 1 important support area.
- A support zone ranging from 0.03 to 0.03. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 0.03 to 0.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.04 to 0.04. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 NZC.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NZC.CA is neutral. |
| ChartMill Relative Strength | 31.92 | NEUTRAL | NZC.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NZC.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NZC.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NZC.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.9 | NEUTRAL | The RSI value for NZC.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests NZC.CA has a negative trend. |
| Stochastics (14,3) | 33.33 | NEUTRAL | The Stochastics value for NZC.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 12.5 | HIGH VOLATILITY | The high ATR as a percentage value for NZC.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 54.96 | POSITIVE | The high ADX value value for NZC.CA suggests a strong trend. |
TSX:NZC (12/15/2022, 7:00:00 PM)
0.03
0 (0%)
NorZinc Ltd / NZC.CA FAQ
What is the ChartMill technical rating of NorZinc Ltd (NZC.CA) stock?
ChartMill assigns a technical rating of 2 / 10 to NZC.CA.
What is the trend direction for NZC stock?
The current trend direction for NorZinc Ltd (NZC.CA) is Bearish.
What is the RSI signal for NorZinc Ltd (NZC.CA) stock?
NorZinc Ltd (NZC.CA) has an RSI value of 44.8988. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NorZinc Ltd?
The MACD indicator for NorZinc Ltd (NZC.CA) has a value of -0.000114079, indicating a bearish trend.
What are the support and resistance levels for NorZinc Ltd (NZC.CA) stock?
NorZinc Ltd (NZC.CA) has a support level at 0.03 and a resistance level at 0.03. Check the full technical report for our detailed analysis of NZC.CA support and resistance levels.