ZEG Technical Analysis - ASTRAZENECA PLC

Technical Rating and Analysis

Overall ZEG gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ZEG is only an average performer.

Warning: ZEG has an average volume of 14569 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 positive. This is a very positive sign.

ZEG is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 75% of 53 stocks in the same industry.

ZEG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ZEG is lagging the market slightly.

ZEG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

When compared to the yearly performance of all other stocks, ZEG outperforms 68% of them, which is more or less in line with the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ASTRAZENECA PLC / ZEG Weekly stock chart

Setup Rating and Analysis

ZEG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

114.39

150.20

When analyzing the support we can see 4 important areas.

Support @129.23 from a trend line in the weekly time frame.
A support zone ranging from 123.20 to 126.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @119.10 from a horizontal line in the daily time frame.
Support @115.55 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 145.53 to 148.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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 ZEG.DE is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ZEG.DE is up.
ChartMill Relative Strength	68.6	NEUTRAL	ZEG.DE is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ZEG.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ZEG.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ZEG.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)	59.73	NEUTRAL	The RSI value for ZEG.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.27	NEGATIVE	The MACD value suggests ZEG.DE has a negative trend.
Stochastics (14,3)	44.22	NEUTRAL	The Stochastics value for ZEG.DE is a neutral value.
Average True Range in percent/ATR (20)	2.16	MEDIUM VOLATILITY	The ATR as a percentage value for ZEG.DE suggests some volalility.
Average Directional Index/ADX (14)	28	POSITIVE	The high ADX value value for ZEG.DE suggests a strong trend.