Taking everything into account, ZENA scores 2 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.
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
2.62
When analyzing the support we can see 3 important areas.
- Support @3.23 from a trend line in the daily time frame.
- Support @2.97 from a trend line in the daily time frame.
- Support @2.65 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @4.15 from a horizontal line in the daily time frame.
- Resistance @5.10 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 | NEUTRAL | NEUTRAL | The long term trend for ZENA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ZENA is neutral. |
| ChartMill Relative Strength | 8.8 | NEGATIVE | ZENA has a low relative strength, it was outperformed by 91.2% 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) | UP | MIXED | The current price of ZENA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.49 | NEUTRAL | The RSI value for ZENA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests ZENA has a positive trend. |
| Stochastics (14,3) | 69.3 | NEUTRAL | The Stochastics value for ZENA is a neutral value. |
| Average True Range in percent/ATR (20) | 8.98 | HIGH VOLATILITY | The high ATR as a percentage value for ZENA suggests high volalility. |
| Average Directional Index/ADX (14) | 19.69 | NEGATIVE | The low ADX value for ZENA suggests a weak or negative trend. |
3.94
-0.2 (-4.83%)
ZENATECH INC / ZENA FAQ
What is the technical rating for ZENA stock?
ChartMill assigns a technical rating of 2 / 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 57.4908. 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 0.0820354, indicating a bearish trend.
What is the short term momentum for ZENATECH INC (ZENA) stock?
The short term momentum for ZENATECH INC (ZENA) is neutral.