REZOLUTE INC (RZLT) Stock Technical Analysis
NASDAQ:RZLT - Nasdaq - US76200L3096 - Common Stock - Currency: USD
Overall RZLT gets a technical rating of 8 out of 10. In the last year, RZLT was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long and short term trends are both positive. This is looking good!
RZLT is part of the Biotechnology industry. There are 555 other stocks in this industry. RZLT outperforms 87% of them.
In the last month RZLT has a been trading in the 3.97 - 4.91 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 1428060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, RZLT did better than 91% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
RZLT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RZLT is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although RZLT has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
2.72
5.78
When analyzing the support we can see 3 important areas.
- A support zone ranging from 4.28 to 4.39. 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 4.07 to 4.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.75 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 4.83 to 4.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 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 | 91.93 | POSITIVE | RZLT has a high relative strength, it outperformed 91.93% 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) | DOWN | MIXED | The current price of RZLT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.96 | NEUTRAL | The RSI value for RZLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests RZLT has a positive trend. |
| Stochastics (14,3) | 82.66 | OVERBOUGHT | The high Stochastics value suggests RZLT may be overbought. |
| Average True Range in percent/ATR (20) | 5.67 | HIGH VOLATILITY | The high ATR as a percentage value for RZLT suggests high volalility. |
| Average Directional Index/ADX (14) | 27.89 | POSITIVE | The high ADX value value for RZLT suggests a strong 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 |
|---|---|---|---|
| 4.88 | 4.27 | 0.61 (12.50%) | 8.00% |
| An entry @4.88. This is a Buy Stop order right above the resistance zone. | An exit @4.27. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.61 points, which is 12.50%. | For a 1.00% total portfolio risk, you can invest 8.00% of your capital in this trade. |
- 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.
4.82
-0.04 (-0.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.82%
1 Week11.83%
2 Weeks18.43%
1 Month13.41%
3 Month90.51%
6 Month-8.02%
12 Month16.71%
2 Year157.75%
3 Year53.99%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%5.67%
ATR Inc53.03%
Range Today0.31
ADR(20)0.27
ADR(20)%5.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.93
Mansfield0.03
10 Day High4.91
10 Day Low3.97
20 Day High4.91
20 Day Low3.97
52 Week High6.19
52 Week Low2.21
CS1 End4.39
CR1 Start4.83
Volume & EV
DER(3)5.32%
DER(5)2.78%
Volume613.00K
Volume Incr282.31%
Vol(5)3.08M
Vol(50)1.43M