ZENATECH INC (ZENA) Stock Technical Analysis
NASDAQ:ZENA - Nasdaq - CA98936T2083 - Common Stock - Currency: USD
Taking everything into account, ZENA scores 5 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. ZENA was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, ZENA is a bad performer in the overall market: 100% of all stocks are doing better.
ZENA is part of the Software industry. There are 282 other stocks in this industry, of which 90% are performing better than ZENA.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
ZENA has an average volume of 4887710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ZENA has a been trading in the 3.23 - 6.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ZENA has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.94
5.11
2 important support areas can be observed.
- Support @3.40 from a trend line in the daily time frame.
- Support @1.96 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 5.04 to 5.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for ZENA is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | ZENA has a low relative strength, it was outperformed by 100% 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) | UP | POSITIVE | The current price of ZENA is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 69.1 | NEUTRAL | The RSI value for ZENA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ZENA has a positive trend. |
| Stochastics (14,3) | 74.9 | NEUTRAL | The Stochastics value for ZENA is a neutral value. |
| Average True Range in percent/ATR (20) | 8.9 | HIGH VOLATILITY | The high ATR as a percentage value for ZENA suggests high volalility. |
| Average Directional Index/ADX (14) | 46.1 | POSITIVE | The high ADX value value for ZENA suggests a strong 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)
5.03
+0.82 (+19.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg19.48%
1 Week45.38%
2 Weeks34.13%
1 Month3.93%
3 Month113.14%
6 Month-17.54%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%8.9%
ATR Inc89.22%
Range Today0.55
ADR(20)0.42
ADR(20)%8.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High5.05
10 Day Low3.23
20 Day High6.3
20 Day Low3.23
52 Week HighN/A
52 Week LowN/A
CS1 End3.4
CR1 Start5.04
Volume & EV
DER(3)1.88%
DER(5)-0.35%
Volume4.39M
Volume Incr-80.11%
Vol(5)1.97M
Vol(50)4.89M