ZDC Technical Analysis - ZEDCOR INC

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to ZDC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ZDC is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that ZDC is one of the better performing stocks in the market, outperforming 89% of all stocks. We also observe that the gains produced by ZDC over the past year are nicely spread over this period.

ZDC is part of the Trading Companies & Distributors industry. There are 12 other stocks in this industry. ZDC outperforms 100% of them.

ZDC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month ZDC has a been trading in the 4.18 - 6.20 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although ZDC has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.70

6.01

We found 4 important support areas.

Support @4.44 from a trend line in the daily time frame.
Support @4.08 from a horizontal line in the daily time frame.
Support @3.99 from a horizontal line in the daily time frame.
Support @3.74 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

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	UP	POSITIVE	The long term trend for ZDC.CA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ZDC.CA is up.
ChartMill Relative Strength	89.85	POSITIVE	ZDC.CA has a high relative strength, it outperformed 89.85% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ZDC.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ZDC.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ZDC.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	83.4	OVERBOUGHT	The high RSI value suggests ZDC.CA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.1	POSITIVE	The MACD value suggests ZDC.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	84.25	OVERBOUGHT	The high Stochastics value suggests ZDC.CA may be overbought.
Average True Range in percent/ATR (20)	4.71	MEDIUM VOLATILITY	The ATR as a percentage value for ZDC.CA suggests some volalility.
Average Directional Index/ADX (14)	50.41	POSITIVE	The high ADX value value for ZDC.CA suggests a strong trend.