ZOOMCAR HOLDINGS INC (ZCARW) Stock Technical Analysis
NASDAQ:ZCARW - Nasdaq - - Currency: USD
Overall ZCARW gets a technical rating of 8 out of 10. In the last year, ZCARW was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Looking at the yearly performance, ZCARW did better than 88% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
ZCARW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ZCARW is lagging the market.
In the last month ZCARW has a been trading in the 0.01 - 0.04 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ZCARW has an excellent technical rating and 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.
More info and screens
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We found 1 important support 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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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%. | For a 1.00% total portfolio risk, you can invest 0.97% of your capital in this trade. |
- 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.
0.0216
-0.01 (-28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-28%
1 Week92.86%
2 Weeks111.77%
1 Month67.44%
3 Month8.54%
6 Month-1.82%
12 Month23.43%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%29.4%
ATR Inc299.35%
Range Today0.01
ADR(20)0.01
ADR(20)%26.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.04
Mansfield3.36
10 Day High0.04
10 Day Low0.01
20 Day High0.04
20 Day Low0.01
52 Week High0.04
52 Week Low0.01
CS1 End0.01
CR1 StartN/A
Volume & EV
DER(3)14.68%
DER(5)-1.01%
Volume40.10K
Volume Incr2803.7%
Vol(5)651.88K
Vol(50)98.07K