ZENATECH INC (ZENA) Stock Technical Analysis
USA - NASDAQ:ZENA - CA98936T2083 - Common Stock
5.24 USD
-0.16 (-2.96%)
5.3 USD
+0.06 (+1.15%)
Overall ZENA gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ZENA is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that ZENA is one of the better performing stocks in the market, outperforming 89% of all stocks.
ZENA is part of the Software industry. There are 281 other stocks in this industry. ZENA outperforms 79% of them.
ZENA has an average volume of 1283970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ZENA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ZENA is lagging the market.
In the last month ZENA has a been trading in the 4.59 - 5.82 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, ZENA also presents a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for ZENA in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
4.53
6.46
We found 3 important support areas.
- A support zone ranging from 5.02 to 5.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 4.80 to 4.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.58 to 4.62. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 4 important resistance areas.
- Resistance @5.47 from a trend line in the daily time frame.
- A resistance zone ranging from 5.58 to 5.65. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @5.84 from a horizontal line in the weekly time frame.
- Resistance @6.40 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for ZENA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZENA is up. |
| ChartMill Relative Strength | 89.49 | POSITIVE | ZENA has a high relative strength, it outperformed 89.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ZENA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ZENA is above 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) | 53.73 | NEUTRAL | The RSI value for ZENA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ZENA has a positive trend. |
| Stochastics (14,3) | 46.79 | NEUTRAL | The Stochastics value for ZENA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.96 | HIGH VOLATILITY | The high ATR as a percentage value for ZENA suggests high volalility. |
| Average Directional Index/ADX (14) | 16.43 | NEGATIVE | The low ADX value for ZENA 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.48 | 5.01 | 0.47 (8.58%) | 11.66% |
| An entry @5.48. This is a Buy Stop order right above the resistance zone. | An exit @5.01. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.47 points, which is 8.58%. | When investing 11.66% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ZENA. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
5.24
-0.16 (-2.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.96%
1 Week5.43%
2 Weeks-1.69%
1 Month8.94%
3 Month51.45%
6 Month150.72%
12 Month34.02%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%5.96%
ATR Inc1.98%
Range Today0.34
ADR(20)0.31
ADR(20)%5.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.49
Mansfield1.14
10 Day High5.82
10 Day Low4.73
20 Day High5.82
20 Day Low4.59
52 Week High12.43
52 Week Low1.41
CS1 End5.16
CR1 Start5.47
Volume & EV
DER(3)5.7%
DER(5)-0.09%
Volume1.36M
Volume Incr55.13%
Vol(5)1.17M
Vol(50)1.28M