ZEDGE INC-CL B (ZDGE) Stock Technical Analysis
NYSEARCA:ZDGE - NYSE Arca - US98923T1043 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to ZDGE. ZDGE has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
ZDGE is one of the better performing stocks in the Interactive Media & Services industry, it outperforms 74% of 71 stocks in the same industry.
In the last month ZDGE has a been trading in the 2.12 - 3.22 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 comparing the yearly performance of all stocks, we notice that ZDGE is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
ZDGE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ZDGE is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ZDGE has an excellent technical rating, it does not offer a high quality setup 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.
More info and screens
1.90
2.84
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.33 to 2.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.92 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.79 to 2.81. This zone is formed by a combination of multiple trend lines 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 ZDGE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZDGE is up. |
| ChartMill Relative Strength | 73.33 | POSITIVE | ZDGE has a high relative strength, it outperformed 73.33% off all stocks 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 | MIXED | The current price of ZDGE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.29 | 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) | 75.48 | NEUTRAL | The Stochastics value for ZDGE is a neutral value. |
| Average True Range in percent/ATR (20) | 6.55 | HIGH VOLATILITY | The high ATR as a percentage value for ZDGE suggests high volalility. |
| Average Directional Index/ADX (14) | 30.12 | 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)
2.78
-0.02 (-0.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg-0.71%
1 Week7.34%
2 Weeks17.8%
1 Month18.8%
3 Month25.79%
6 Month1.83%
12 Month-6.4%
2 Year24.11%
3 Year-3.47%
5 Year87.84%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%6.55%
ATR Inc118.24%
Range Today0.55
ADR(20)0.18
ADR(20)%6.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.33
Mansfield-0.61
10 Day High3.22
10 Day Low2.29
20 Day High3.22
20 Day Low2.12
52 Week High4.37
52 Week Low1.73
CS1 End2.36
CR1 Start2.79
Volume & EV
DER(3)-4.73%
DER(5)-4.37%
Volume919.00K
Volume Incr2220.38%
Vol(5)962.26K
Vol(50)134.40K