ZEN Technical Analysis - ZENOBE GRAMME

Technical Rating and Analysis

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

Warning: ZEN has an average volume of 56 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long and short term trends are both positive. This is looking good!

ZEN is one of the better performing stocks in the Real Estate Management & Development industry, it outperforms 83% of 75 stocks in the same industry.

ZEN is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month ZEN has a been trading in the 198.00 - 220.00 range, which is quite wide. It is currently trading near the high of this range.

When comparing the performance of all stocks over the past year, ZEN turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although ZEN 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

188.10

222.21

When analyzing the support we can see 4 important areas.

A support zone ranging from 209.30 to 212.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 197.99 to 205.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @194.00 from a trend line in the daily time frame.
Support @190.00 from a horizontal line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 220.01 to 220.01. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 ZEN.BR is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ZEN.BR is up.
ChartMill Relative Strength	64.89	NEUTRAL	ZEN.BR is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ZEN.BR is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ZEN.BR is above the rising SMA(50).
Relative Strength Index/RSI (14)	59.84	NEUTRAL	The RSI value for ZEN.BR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.24	POSITIVE	The MACD value suggests ZEN.BR has a positive trend.
Stochastics (14,3)	100	OVERBOUGHT	The high Stochastics value suggests ZEN.BR may be overbought.
Average True Range in percent/ATR (20)	2.09	MEDIUM VOLATILITY	The ATR as a percentage value for ZEN.BR suggests some volalility.
Average Directional Index/ADX (14)	11.7	NEGATIVE	The low ADX value for ZEN.BR suggests a weak or negative trend.