ZBAI Technical Analysis - ATIF HOLDINGS LTD

Technical Rating and Analysis

We assign a technical rating of 3 out of 10 to ZBAI. In the past year, ZBAI was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

When comparing the yearly performance of all stocks, ZBAI is a bad performer in the overall market: 100% of all stocks are doing better.

ZBAI is one of the lesser performing stocks in the Professional Services industry. 87% of 81 stocks in the same industry do better.

The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.

In the last month ZBAI has a been trading in the 5.65 - 11.94 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ATIF HOLDINGS LTD / ZBAI Weekly stock chart

ATIF HOLDINGS LTD / ZBAI Daily stock chart

Setup Rating and Analysis

The technical rating of ZBAI is bad and it also does not present a quality setup 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

5.26

11.02

4 important support areas can be observed.

Support @8.91 from a horizontal line in the weekly time frame.
A support zone ranging from 8.44 to 8.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @6.63 from a trend line in the daily time frame.
Support @5.31 from a horizontal line in the daily time frame.

We can see 2 important resistance areas.

Resistance @10.48 from a trend line in the daily time frame.
Resistance @10.91 from a trend line in the daily 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	DOWN	NEGATIVE	The long term trend for ZBAI is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ZBAI is up.
ChartMill Relative Strength	0	NEGATIVE	ZBAI has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ZBAI is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of ZBAI is above a declining SMA(50).
Relative Strength Index/RSI (14)	55.65	NEUTRAL	The RSI value for ZBAI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.23	POSITIVE	The MACD value suggests ZBAI has a positive trend, although the MACD value is declining.
Stochastics (14,3)	49.76	NEUTRAL	The Stochastics value for ZBAI is a neutral value.
Average True Range in percent/ATR (20)	12.33	HIGH VOLATILITY	The high ATR as a percentage value for ZBAI suggests high volalility.
Average Directional Index/ADX (14)	35.64	POSITIVE	The high ADX value value for ZBAI suggests a strong trend.