Zealand Pharma AS (ZEAL) Stock Technical Analysis
USA - NASDAQ:ZEAL - US98920Y3045 - ADR
17.59 USD
+0.21 (+1.21%)
We assign a technical rating of 6 out of 10 to ZEAL. ZEAL was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
Warning: ZEAL has an average volume of 2802 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the yearly performance of all stocks, we notice that ZEAL is one of the better performing stocks in the market, outperforming 70% of all stocks. However, ZEAL's most recent performance is quite weak.
ZEAL is part of the Biotechnology industry. There are 536 other stocks in this industry, ZEAL did better than 55% of them.
ZEAL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ZEAL is lagging the market.
In the last month ZEAL has a been trading in the 16.51 - 20.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
ZEAL has an average technical rating and also the quality of the setup is only medium 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
16.37
29.87
We found 1 important support area.
- A support zone ranging from 16.54 to 16.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 19.15 to 19.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @19.90 from a trend line in the daily time frame.
- Resistance @26.06 from a trend line in the weekly time frame.
- Resistance @29.57 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 ZEAL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ZEAL is neutral. |
| ChartMill Relative Strength | 70.51 | POSITIVE | ZEAL has a high relative strength, it outperformed 70.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ZEAL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ZEAL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ZEAL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.24 | NEUTRAL | The RSI value for ZEAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests ZEAL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.75 | OVERSOLD | The low Stochastics value suggests ZEAL may be oversold. |
| Average True Range in percent/ATR (20) | 4.62 | MEDIUM VOLATILITY | The ATR as a percentage value for ZEAL suggests some volalility. |
| Average Directional Index/ADX (14) | 15.44 | NEGATIVE | The low ADX value for ZEAL suggests a weak or negative 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)
NASDAQ:ZEAL (9/29/2022, 8:02:19 PM)
17.59
+0.21 (+1.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.21%
1 Week-3.11%
2 Weeks-8.34%
1 Month-5.35%
3 Month36.46%
6 Month27.22%
12 Month-48.7%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.78
ATR(20)%4.62%
ATR Inc-5.95%
Range Today0.6
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.51
Mansfield1.35
10 Day High19
10 Day Low16.51
20 Day High20.49
20 Day Low16.51
52 Week High33.42
52 Week Low9.93
CS1 End16.62
CR1 Start19.15
Volume & EV
DER(3)-5.53%
DER(5)-9.98%
Volume2.10K
Volume Incr-56.36%
Vol(5)1.20K
Vol(50)2.80K