ZHONGCHAO INC-CLASS A (ZCMD) Stock Technical Analysis
USA - NASDAQ:ZCMD - KYG9897X1152 - Common Stock
0.747 USD
-0.07 (-8.9%)
0.73 USD
-0.02 (-2.28%)
Overall ZCMD gets a technical rating of 1 out of 10. ZCMD scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, ZCMD is a bad performer in the overall market: 97% of all stocks are doing better.
ZCMD is part of the Diversified Consumer Services industry. There are 75 other stocks in this industry, of which 78% are performing better than ZCMD.
ZCMD is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month ZCMD has a been trading in the 0.72 - 1.30 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
The technical rating of ZCMD is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.74
1.53
2 important resistance areas can be observed.
- A resistance zone ranging from 1.22 to 1.23. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @1.51 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for ZCMD is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ZCMD is neutral. |
| ChartMill Relative Strength | 3.25 | NEGATIVE | ZCMD has a low relative strength, it was outperformed by 96.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ZCMD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ZCMD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ZCMD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 28.84 | OVERSOLD | The low RSI value suggests ZCMD may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ZCMD has a negative trend. |
| Stochastics (14,3) | 12.87 | OVERSOLD | The low Stochastics value suggests ZCMD may be oversold. |
| Average True Range in percent/ATR (20) | 10.95 | HIGH VOLATILITY | The high ATR as a percentage value for ZCMD suggests high volalility. |
| Average Directional Index/ADX (14) | 39.09 | POSITIVE | The high ADX value value for ZCMD suggests a strong 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)
0.747
-0.07 (-8.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDiversified Consumer Services
Performance
% Chg-8.9%
1 Week-40.24%
2 Weeks-32.09%
1 Month-32.7%
3 Month-35.04%
6 Month-42.98%
12 Month-60.89%
2 Year-92.88%
3 Year-93.27%
5 Year-95.63%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%10.95%
ATR Inc208.18%
Range Today0.09
ADR(20)0.07
ADR(20)%8.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.25
Mansfield-4.58
10 Day High1.3
10 Day Low0.72
20 Day High1.3
20 Day Low0.72
52 Week High2.5
52 Week Low0.72
CS1 EndN/A
CR1 Start1.22
Volume & EV
DER(3)-7.47%
DER(5)3.12%
Volume343.70K
Volume Incr9975.99%
Vol(5)2.79M
Vol(50)292.51K