REZOLUTE INC (RZLT) Stock Technical Analysis
NASDAQ:RZLT - Nasdaq - US76200L3096 - Common Stock - Currency: USD
Taking everything into account, RZLT scores 5 out of 10 in our technical rating. In the past year, RZLT was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
RZLT is one of the better performing stocks in the Biotechnology industry, it outperforms 77% of 561 stocks in the same industry.
RZLT has an average volume of 1205160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, RZLT outperforms 44% of them, which is more or less in line with the market.
RZLT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RZLT is lagging the market slightly.
In the last month RZLT has a been trading in the 3.32 - 4.33 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, RZLT does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 3.72, a Stop Loss order could be placed below this zone.
More info and screens
2.58
5.78
3 important support areas can be observed.
- A support zone ranging from 3.74 to 3.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.48 from a horizontal line in the daily time frame.
- Support @2.61 from a trend line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- Resistance @4.01 from a horizontal line in the weekly time frame.
- Resistance @4.13 from a horizontal line in the daily time frame.
- Resistance @4.64 from a trend line in the weekly time frame.
- Resistance @5.06 from a trend line in the daily time frame.
- Resistance @5.72 from a horizontal line in the weekly 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 RZLT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RZLT is up. |
| ChartMill Relative Strength | 44.21 | NEUTRAL | RZLT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RZLT is above a declining 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) | DOWN | NEGATIVE | The current price of RZLT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.12 | NEUTRAL | The RSI value for RZLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RZLT has a positive trend. |
| Stochastics (14,3) | 65.99 | NEUTRAL | The Stochastics value for RZLT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.07 | HIGH VOLATILITY | The high ATR as a percentage value for RZLT suggests high volalility. |
| Average Directional Index/ADX (14) | 23.12 | NEUTRAL | The ADX value for RZLT suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.03 | 3.69 | 0.34 (8.44%) | 11.85% |
| An entry @4.03. This is a Buy Stop order right above the resistance zone. | An exit @3.69. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.34 points, which is 8.44%. | When investing 11.85% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of RZLT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
3.9
-0.11 (-2.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.74%
1 Week9.55%
2 Weeks4.84%
1 Month-1.52%
3 Month-13.91%
6 Month-20.57%
12 Month9.55%
2 Year83.1%
3 Year39.29%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%7.07%
ATR Inc31.02%
Range Today0.24
ADR(20)0.27
ADR(20)%7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.21
Mansfield-1.41
10 Day High4.33
10 Day Low3.32
20 Day High4.33
20 Day Low3.32
52 Week High6.19
52 Week Low2.21
CS1 End3.72
CR1 Start4.02
Volume & EV
DER(3)2.84%
DER(5)1.35%
Volume833.33K
Volume Incr-35.2%
Vol(5)1.15M
Vol(50)1.21M