ZAP Technical Analysis - ZAPTEC ASA

Technical Rating and Analysis

Taking everything into account, ZAP scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ZAP is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that ZAP is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, ZAP also shows a nice and consistent pattern of rising prices.

ZAP is one of the better performing stocks in the Electrical Equipment industry, it outperforms 94% of 60 stocks in the same industry.

ZAP is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month ZAP has a been trading in the 25.30 - 29.65 range, which is quite wide. It is currently trading near the high of this range.

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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 ZAP 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

20.51

29.29

We found 5 important support areas.

A support zone ranging from 27.38 to 27.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @26.15 from a horizontal line in the daily time frame.
A support zone ranging from 25.47 to 25.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @24.08 from a trend line in the daily time frame.
Support @20.72 from a trend line in the weekly time frame.

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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 ZAP.OL is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ZAP.OL is up.
ChartMill Relative Strength	98.21	POSITIVE	ZAP.OL has a high relative strength, it outperformed 98.21% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ZAP.OL is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ZAP.OL is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ZAP.OL is above the rising SMA(200).
Relative Strength Index/RSI (14)	72.47	OVERBOUGHT	The high RSI value suggests ZAP.OL may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.09	POSITIVE	The MACD value suggests ZAP.OL has a positive trend.
Stochastics (14,3)	82.53	OVERBOUGHT	The high Stochastics value suggests ZAP.OL may be overbought.
Average True Range in percent/ATR (20)	3.28	MEDIUM VOLATILITY	The ATR as a percentage value for ZAP.OL suggests some volalility.
Average Directional Index/ADX (14)	34.98	POSITIVE	The high ADX value value for ZAP.OL suggests a strong trend.