REZOLUTE INC (RZLT) Stock Technical Analysis
NASDAQ:RZLT - Nasdaq - US76200L3096 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to RZLT. 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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Both the short term and long term trends are positive. This is a very positive sign.
RZLT is one of the better performing stocks in the Biotechnology industry, it outperforms 87% of 551 stocks in the same industry.
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 5.22 - 6.64 range, which is quite wide. It is currently trading near the high of this range.
RZLT has an average volume of 1074780 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 94% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
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, it does not present a decent entry opportunity 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
5.13
6.57
We found 3 important support areas.
- A support zone ranging from 5.80 to 5.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.56 from a horizontal line in the daily time frame.
- A support zone ranging from 5.18 to 5.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 94.64 | POSITIVE | RZLT has a high relative strength, it outperformed 94.64% 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) | 70.63 | OVERBOUGHT | The high RSI value suggests RZLT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RZLT has a positive trend. |
| Stochastics (14,3) | 85.97 | OVERBOUGHT | The high Stochastics value suggests RZLT may be overbought. |
| Average True Range in percent/ATR (20) | 5.01 | HIGH VOLATILITY | The high ATR as a percentage value for RZLT suggests high volalility. |
| Average Directional Index/ADX (14) | 39.18 | 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)
6.5
+0.04 (+0.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.62%
1 Week11.88%
2 Weeks10.73%
1 Month20.59%
3 Month82.07%
6 Month41%
12 Month53.3%
2 Year351.39%
3 Year173.11%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%5.01%
ATR Inc-20.33%
Range Today0.22
ADR(20)0.32
ADR(20)%4.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.64
Mansfield2.94
10 Day High6.61
10 Day Low5.52
20 Day High6.65
20 Day Low5.22
52 Week High6.65
52 Week Low2.21
CS1 End5.86
CR1 StartN/A
Volume & EV
DER(3)0.3%
DER(5)3.65%
Volume512.60K
Volume Incr-37.15%
Vol(5)573.62K
Vol(50)1.07M