USA - NASDAQ:ZENA - CA98936T2083 - Common Stock
We assign a technical rating of 3 out of 10 to ZENA. Although ZENA is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
ZENA has a poor technical rating and the quality of the setup is also not perfect 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.
2.47
2 important support areas can be observed.
When analyzing the resistance we notice one important area.
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 ZENA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ZENA is down. |
| ChartMill Relative Strength | 92.65 | POSITIVE | ZENA has a high relative strength, it outperformed 92.65% 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) | DOWN | MIXED | The current price of ZENA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.96 | NEUTRAL | The RSI value for ZENA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests ZENA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.49 | OVERSOLD | The low Stochastics value suggests ZENA may be oversold. |
| Average True Range in percent/ATR (20) | 11.84 | HIGH VOLATILITY | The high ATR as a percentage value for ZENA suggests high volalility. |
| Average Directional Index/ADX (14) | 18.1 | NEGATIVE | The low ADX value for ZENA suggests a weak or negative trend. |
4.63
+0.28 (+6.44%)
ChartMill assigns a technical rating of 3 / 10 to ZENA.
The current trend direction for ZENATECH INC (ZENA) is Bearish.
ZENATECH INC (ZENA) has an RSI value of 40.9579. This indicates that the stock is currently neutral.
ZENATECH INC (ZENA) has a support level at 4.34 and a resistance level at 5.75. Check the full technical report for our detailed analysis of ZENA support and resistance levels.