ZOOMCAR HOLDINGS INC (ZCARW) Stock Technical Analysis
NASDAQ:ZCARW - Nasdaq - - Currency: USD
Taking everything into account, ZCARW scores 8 out of 10 in our technical rating. ZCARW has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Besides having an excellent technical rating, ZCARW also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 0.01, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ZCARW in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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When analyzing the support we notice one important area.
- A support zone ranging from 0.01 to 0.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 ZCARW is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZCARW is up. |
| ChartMill Relative Strength | 88.04 | POSITIVE | ZCARW has a high relative strength, it outperformed 88.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ZCARW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ZCARW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ZCARW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.53 | NEUTRAL | The RSI value for ZCARW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ZCARW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.62 | NEUTRAL | The Stochastics value for ZCARW is a neutral value. |
| Average True Range in percent/ATR (20) | 29.4 | HIGH VOLATILITY | The high ATR as a percentage value for ZCARW suggests high volalility. |
| Average Directional Index/ADX (14) | 21.25 | NEUTRAL | The ADX value for ZCARW suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.05 | 0.00 | 0.05 (102.80%) | 0.97% |
| An entry @0.05. This is a Buy Stop order right above the 10 day high. | An exit @0.00. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.05 points, which is 102.80%. | When investing 0.97% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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