ZENATECH INC (ZENA) Stock Technical Analysis
NASDAQ:ZENA • CA98936T2083
Taking everything into account, ZENA scores 0 out of 10 in our technical rating. ZENA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, ZENA is a bad performer in the overall market: 90% of all stocks are doing better.
- ZENA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month ZENA has a been trading in the 2.58 - 4.93 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- ZENA has an average volume of 1189210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ZENA is part of the Software industry. There are 274 other stocks in this industry, ZENA did better than 46% of them.
The technical rating of ZENA is bad and it also does not present a 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
2.56
4 important resistance areas can be observed.
- Resistance @4.18 from a trend line in the weekly time frame.
- Resistance @4.54 from a trend line in the daily time frame.
- Resistance @4.71 from a trend line in the weekly time frame.
- Resistance @5.83 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for ZENA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ZENA is down. |
| ChartMill Relative Strength | 10.66 | NEGATIVE | ZENA has a low relative strength, it was outperformed by 89.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ZENA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ZENA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ZENA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.71 | NEUTRAL | The RSI value for ZENA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ZENA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.17 | OVERSOLD | The low Stochastics value suggests ZENA may be oversold. |
| Average True Range in percent/ATR (20) | 11.72 | HIGH VOLATILITY | The high ATR as a percentage value for ZENA suggests high volalility. |
| Average Directional Index/ADX (14) | 21.37 | NEUTRAL | The ADX value for ZENA suggests a possible start of a new trend. |
2.59
-0.13 (-4.78%)
ZENATECH INC / ZENA FAQ
What is the technical rating for ZENA stock?
ChartMill assigns a technical rating of 0 / 10 to ZENA.
What is the trend direction for ZENA stock?
The current trend direction for ZENATECH INC (ZENA) is Bearish.
What is the RSI signal for ZENATECH INC (ZENA) stock?
ZENATECH INC (ZENA) has an RSI value of 35.7072. This indicates that the stock is currently neutral.
What is the MACD signal for ZENA stock?
The MACD indicator for ZENATECH INC (ZENA) has a value of -0.0560602, indicating a bearish trend.
What is the short term momentum for ZENATECH INC (ZENA) stock?
The short term momentum for ZENATECH INC (ZENA) is negative.