ZENAS BIOPHARMA INC (ZBIO) Stock Technical Analysis
NASDAQ:ZBIO • US98937L1052
Taking everything into account, ZBIO scores 7 out of 10 in our technical rating. Although ZBIO has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- Looking at the yearly performance, ZBIO did better than 96% of all other stocks. On top of that, ZBIO also shows a nice and consistent pattern of rising prices.
- ZBIO is part of the Biotechnology industry. There are 521 other stocks in this industry. ZBIO outperforms 90% of them.
- In the last month ZBIO has a been trading in the 17.60 - 29.55 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.
Although ZBIO has an excellent technical rating, it does not offer a high 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.
More info and screens
16.48
We found 3 important support areas.
- Support @20.28 from a trend line in the daily time frame.
- Support @17.51 from a trend line in the weekly time frame.
- Support @16.65 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 26.12 to 26.40. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A resistance zone ranging from 26.90 to 27.02. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for ZBIO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZBIO is up. |
| ChartMill Relative Strength | 96.67 | POSITIVE | ZBIO has a high relative strength, it outperformed 96.67% 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) | 55.93 | NEUTRAL | The RSI value for ZBIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.01 | POSITIVE | The MACD value suggests ZBIO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.7 | NEUTRAL | The Stochastics value for ZBIO is a neutral value. |
| Average True Range in percent/ATR (20) | 7.83 | HIGH VOLATILITY | The high ATR as a percentage value for ZBIO suggests high volalility. |
| Average Directional Index/ADX (14) | 22.02 | NEUTRAL | The ADX value for ZBIO suggests a possible start of a new trend. |
25.88
-1.14 (-4.22%)
ZENAS BIOPHARMA INC / ZBIO FAQ
What is the technical rating for ZBIO stock?
ChartMill assigns a technical rating of 7 / 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 55.9306. 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 1.00587, indicating a bullish trend.
What is the short term momentum for ZBIO stock?
The short term momentum for ZENAS BIOPHARMA INC (ZBIO) is positive.