NorZinc Ltd (NZC.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:NZC - CA66976U1049 - Common Stock
We assign a technical rating of 2 out of 10 to NZC. 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.
NZC has a bad technical rating, but it does show a decent setup pattern. 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
When analyzing the support we notice one important 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.
When analyzing the resistance we notice 2 important areas.
- 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.