ZEDGE INC-CL B (ZDGE) Stock Technical Analysis
NYSEARCA:ZDGE - NYSE Arca - US98923T1043 - Common Stock - Currency: USD
Taking everything into account, ZDGE scores 6 out of 10 in our technical rating. In the past year, ZDGE was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month ZDGE has a been trading in the 2.12 - 2.80 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, which is what you like to see during a strong movement up.
When compared to the yearly performance of all other stocks, ZDGE outperforms 59% of them, which is more or less in line with the market.
ZDGE is part of the Interactive Media & Services industry. There are 71 other stocks in this industry, ZDGE did better than 68% of them.
ZDGE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ZDGE is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is only medium, ZDGE does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 2.35, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.90
2.72
2 important support areas can be observed.
- A support zone ranging from 2.30 to 2.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.92 from a trend line in the weekly 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 ZDGE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZDGE is up. |
| ChartMill Relative Strength | 59.14 | NEUTRAL | ZDGE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ZDGE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ZDGE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ZDGE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 66.77 | NEUTRAL | The RSI value for ZDGE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ZDGE has a positive trend. |
| Stochastics (14,3) | 77.55 | NEUTRAL | The Stochastics value for ZDGE is a neutral value. |
| Average True Range in percent/ATR (20) | 5.81 | HIGH VOLATILITY | The high ATR as a percentage value for ZDGE suggests high volalility. |
| Average Directional Index/ADX (14) | 25.75 | POSITIVE | The high ADX value value for ZDGE 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)
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 |
|---|---|---|---|
| 2.81 | 2.28 | 0.53 (18.86%) | 5.30% |
| An entry @2.81. This is a Buy Stop order right above the 10 day high. | An exit @2.28. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.53 points, which is 18.86%. | For a 1.00% total portfolio risk, you can invest 5.30% 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.
2.69
+0.06 (+2.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg2.28%
1 Week10.49%
2 Weeks11.16%
1 Month13.5%
3 Month21.72%
6 Month-1.47%
12 Month-9.43%
2 Year20.09%
3 Year-6.6%
5 Year81.76%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%5.81%
ATR Inc35.86%
Range Today0.25
ADR(20)0.15
ADR(20)%5.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.14
Mansfield-0.97
10 Day High2.8
10 Day Low2.29
20 Day High2.8
20 Day Low2.12
52 Week High4.37
52 Week Low1.73
CS1 End2.35
CR1 StartN/A
Volume & EV
DER(3)-4.74%
DER(5)-4%
Volume174.10K
Volume Incr371.78%
Vol(5)133.58K
Vol(50)46.73K