ZHONGCHAO INC-CLASS A (ZCMD) Technical Analysis
NASDAQ:ZCMD • KYG9897X1152
Overall ZCMD gets a technical rating of 0 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, ZCMD is a bad performer in the overall market: 99% of all stocks are doing better.
- ZCMD is one of the lesser performing stocks in the Diversified Consumer Services industry. 83% of 75 stocks in the same industry do better.
- ZCMD is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month ZCMD has a been trading in the 1.45 - 7.76 range, which is quite wide. It is currently trading near the lows of this range.
- ZCMD has an average volume of 2008660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, ZCMD does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for ZCMD 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
1.65
We can see 3 important resistance areas.
- Resistance @1.92 from a horizontal line in the daily time frame.
- Resistance @2.17 from a trend line in the daily time frame.
- Resistance @2.54 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 ZCMD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ZCMD is down. |
| ChartMill Relative Strength | 1.42 | NEGATIVE | ZCMD has a low relative strength, it was outperformed by 98.58% 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) | 33.71 | NEUTRAL | The RSI value for ZCMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests ZCMD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 44.01 | NEUTRAL | The Stochastics value for ZCMD is a neutral value. |
| Average True Range in percent/ATR (20) | 36.35 | HIGH VOLATILITY | The high ATR as a percentage value for ZCMD suggests high volalility. |
| Average Directional Index/ADX (14) | 27.27 | POSITIVE | The high ADX value value for ZCMD suggests a strong trend. |
ZCMD Technicals: Chart, Performance Metrics, Trend & Indicators
1.67
-0.05 (-2.91%)
ZHONGCHAO INC-CLASS A / ZCMD FAQ
What is the ChartMill technical rating of ZHONGCHAO INC-CLASS A (ZCMD) stock?
ChartMill assigns a technical rating of 0 / 10 to ZCMD.
What is the current trend direction of ZHONGCHAO INC-CLASS A (ZCMD) stock?
The current trend direction for ZHONGCHAO INC-CLASS A (ZCMD) is Bearish.
What is the RSI signal for ZCMD stock?
ZHONGCHAO INC-CLASS A (ZCMD) has an RSI value of 33.7088. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ZHONGCHAO INC-CLASS A?
The MACD indicator for ZHONGCHAO INC-CLASS A (ZCMD) has a value of 0.075832, indicating a bearish trend.
What is the support and resistance level for ZCMD stock?
ZHONGCHAO INC-CLASS A (ZCMD) has a resistance level at 1.92. Check the full technical report for our detailed analysis of ZCMD support and resistance levels.