Z29 Technical Analysis - 029 GROUP SE

Technical Rating and Analysis

We assign a technical rating of 3 out of 10 to Z29. Although Z29 is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

In the last month Z29 has a been trading in the 28.00 - 36.80 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Warning: Z29 has an average volume of 139 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Z29 is one of the better performing stocks in the Financial Services industry, it outperforms 91% of 47 stocks in the same industry.

When comparing the yearly performance of all stocks, we notice that Z29 is one of the better performing stocks in the market, outperforming 86% of all stocks. However, we also see that Z29 couldn't keep up this performance in the last couple of months.

Z29 is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so Z29 is lagging the market.

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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

The technical rating of Z29 is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

20.30

28.28

When analyzing the support we can see 3 important areas.

A support zone ranging from 27.99 to 27.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @21.13 from a trend line in the daily time frame.
Support @20.50 from a trend line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	DOWN	NEGATIVE	The long term trend for Z29.DE is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for Z29.DE is down.
ChartMill Relative Strength	86.45	POSITIVE	Z29.DE has a high relative strength, it outperformed 86.45% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of Z29.DE is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of Z29.DE is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of Z29.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)	23.85	OVERSOLD	The low RSI value suggests Z29.DE may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.36	NEGATIVE	The MACD value suggests Z29.DE has a negative trend.
Stochastics (14,3)	0.9	OVERSOLD	The low Stochastics value suggests Z29.DE may be oversold.
Average True Range in percent/ATR (20)	3.79	MEDIUM VOLATILITY	The ATR as a percentage value for Z29.DE suggests some volalility.
Average Directional Index/ADX (14)	32.96	POSITIVE	The high ADX value value for Z29.DE suggests a strong trend.