We assign a technical rating of 5 out of 10 to ZBIO. Although ZBIO 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.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, we notice that ZBIO is one of the better performing stocks in the market, outperforming 96% of all stocks. We also observe that the gains produced by ZBIO over the past year are nicely spread over this period.
- ZBIO is part of the Biotechnology industry. There are 523 other stocks in this industry. ZBIO outperforms 90% of them.
- In the last month ZBIO has a been trading in the 17.60 - 23.71 range, which is quite wide. It is currently trading near the high of this range.
- ZBIO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ZBIO 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.
ZBIO has an average technical rating and also the quality of the setup is only medium 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
16.21
We found 3 important support areas.
- Support @19.30 from a trend line in the daily time frame.
- Support @17.27 from a trend line in the weekly time frame.
- Support @16.37 from a trend line in the daily 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 | DOWN | NEGATIVE | The long term trend for ZBIO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ZBIO is neutral. |
| ChartMill Relative Strength | 96.93 | POSITIVE | ZBIO has a high relative strength, it outperformed 96.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ZBIO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ZBIO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ZBIO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.37 | NEUTRAL | The RSI value for ZBIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.91 | POSITIVE | The MACD value suggests ZBIO has a positive trend. |
| Stochastics (14,3) | 85.01 | OVERBOUGHT | The high Stochastics value suggests ZBIO may be overbought. |
| Average True Range in percent/ATR (20) | 8.09 | HIGH VOLATILITY | The high ATR as a percentage value for ZBIO suggests high volalility. |
| Average Directional Index/ADX (14) | 20.21 | NEUTRAL | The ADX value for ZBIO suggests a possible start of a new trend. |
23.27
+1.79 (+8.33%)
ZENAS BIOPHARMA INC / ZBIO FAQ
What is the technical rating for ZBIO stock?
ChartMill assigns a technical rating of 5 / 10 to ZBIO.
What is the current trend direction of ZENAS BIOPHARMA INC (ZBIO) stock?
The current trend direction for ZENAS BIOPHARMA INC (ZBIO) is Bearish.
What is the RSI signal for ZENAS BIOPHARMA INC (ZBIO) stock?
ZENAS BIOPHARMA INC (ZBIO) has an RSI value of 51.3735. This indicates that the stock is currently neutral.
What is the MACD signal for ZBIO stock?
The MACD indicator for ZENAS BIOPHARMA INC (ZBIO) has a value of 0.908011, indicating a bearish trend.
What is the short term momentum for ZBIO stock?
The short term momentum for ZENAS BIOPHARMA INC (ZBIO) is neutral.