ZEDGE INC-CL B (ZDGE) Stock Technical Analysis
NYSEARCA:ZDGE - NYSE Arca - US98923T1043 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to ZDGE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ZDGE is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
ZDGE is part of the Interactive Media & Services industry. There are 71 other stocks in this industry. ZDGE outperforms 92% of them.
ZDGE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ZDGE is performing more or less in line with the market.
In the last month ZDGE has a been trading in the 2.12 - 4.10 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.
Looking at the yearly performance, ZDGE did better than 94% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
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 present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.37
3.95
We found 1 important support area.
- Support @2.39 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 | UP | POSITIVE | The long term trend for ZDGE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZDGE is up. |
| ChartMill Relative Strength | 94.38 | POSITIVE | ZDGE has a high relative strength, it outperformed 94.38% 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) | UP | POSITIVE | The current price of ZDGE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 87.8 | OVERBOUGHT | The high RSI value suggests ZDGE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests ZDGE has a positive trend. |
| Stochastics (14,3) | 94.15 | OVERBOUGHT | The high Stochastics value suggests ZDGE may be overbought. |
| Average True Range in percent/ATR (20) | 6.56 | HIGH VOLATILITY | The high ATR as a percentage value for ZDGE suggests high volalility. |
| Average Directional Index/ADX (14) | 40.14 | 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)
3.91
+0.03 (+0.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg0.77%
1 Week45.35%
2 Weeks60.6%
1 Month70.74%
3 Month66.38%
6 Month65.68%
12 Month34.36%
2 Year74.55%
3 Year35.76%
5 Year164.19%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%6.56%
ATR Inc51.72%
Range Today0.41
ADR(20)0.25
ADR(20)%6.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.38
Mansfield3.14
10 Day High4.1
10 Day Low2.46
20 Day High4.1
20 Day Low2.12
52 Week High4.37
52 Week Low1.73
CS1 End2.39
CR1 StartN/A
Volume & EV
DER(3)5.73%
DER(5)1.91%
Volume477.20K
Volume Incr2133.38%
Vol(5)1.28M
Vol(50)168.81K