RZLT Technical Analysis - REZOLUTE INC

Technical Rating and Analysis

Overall RZLT gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RZLT is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that RZLT is one of the better performing stocks in the market, outperforming 95% of all stocks.

RZLT is part of the Biotechnology industry. There are 536 other stocks in this industry. RZLT outperforms 90% of them.

RZLT 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 RZLT has a been trading in the 7.14 - 9.56 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

RZLT has an average volume of 1095020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although RZLT has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

7.17

9.49

We found 2 important support areas.

A support zone ranging from 8.17 to 8.27. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 7.24 to 7.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Technical Indicator Signal Analysis

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	UP	POSITIVE	The long term trend for RZLT is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for RZLT is up.
ChartMill Relative Strength	95.88	POSITIVE	RZLT has a high relative strength, it outperformed 95.88% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of RZLT is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of RZLT is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of RZLT is above the rising SMA(200).
Relative Strength Index/RSI (14)	75.41	OVERBOUGHT	The high RSI value suggests RZLT may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.1	POSITIVE	The MACD value suggests RZLT has a positive trend.
Stochastics (14,3)	90.7	OVERBOUGHT	The high Stochastics value suggests RZLT may be overbought.
Average True Range in percent/ATR (20)	5.44	HIGH VOLATILITY	The high ATR as a percentage value for RZLT suggests high volalility.
Average Directional Index/ADX (14)	41.91	POSITIVE	The high ADX value value for RZLT suggests a strong trend.