ZENA Technical Analysis - ZENATECH INC

Technical Rating and Analysis

We assign a technical rating of 4 out of 10 to ZENA. In the last year, ZENA was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.

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 one of the lesser performing stocks in the Software industry. 90% of 280 stocks in the same industry do better.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

ZENA has an average volume of 1711240 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 4.35 - 5.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

ZENA has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 4.86, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ZENA in the last couple of days, which is a good sign.

Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

4.34

6.46

3 important support areas can be observed.

A support zone ranging from 4.80 to 4.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 4.66 to 4.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @4.38 from a horizontal line in the daily time frame.

4 important resistance areas can be observed.

Resistance @5.10 from a trend line in the weekly time frame.
Resistance @5.59 from a horizontal line in the daily time frame.
Resistance @5.69 from a trend line in the daily time frame.
Resistance @6.40 from a horizontal line in the daily time frame.

More info

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 ZENA is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ZENA is neutral.
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)	DOWN	MIXED	The current price of ZENA is above a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of ZENA is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ZENA is above the rising SMA(200).
Relative Strength Index/RSI (14)	52.2	NEUTRAL	The RSI value for ZENA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests ZENA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	38.11	NEUTRAL	The Stochastics value for ZENA is a neutral value.
Average True Range in percent/ATR (20)	5.51	HIGH VOLATILITY	The high ATR as a percentage value for ZENA suggests high volalility.
Average Directional Index/ADX (14)	18.18	NEGATIVE	The low ADX value for ZENA suggests a weak or negative trend.