ZENATECH INC (ZENA) Technical Analysis
NASDAQ:ZENA • CA98936T2083
Current stock price
ZENA Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to ZENA. ZENA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 85% of all other stocks performed better in the past year than ZENA.
- ZENA is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ZENA is lagging the market.
- In the last month ZENA has a been trading in the 1.96 - 2.75 range, which is quite wide. It is currently trading near the lows of this range.
- ZENA has an average volume of 1473780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ZENA is part of the Software industry. There are 275 other stocks in this industry, ZENA did better than 54% of them.
ZENA Weekly and Daily overview Charts
ZENA Setup Rating and Analysis
Although the technical rating is bad, ZENA does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 2.03, a Stop Loss order could be placed below this zone.
More info and screens
ZENA Support and Resistance Analysis
2.00
When analyzing the support we notice one important area.
- A support zone ranging from 2.02 to 2.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 2.30 to 2.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.38 from a trend line in the daily time frame.
- Resistance @3.62 from a trend line in the weekly time frame.
- Resistance @3.86 from a trend line in the daily time frame.
ZENA 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 | DOWN | NEGATIVE | The long term trend for ZENA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ZENA is down. |
| ChartMill Relative Strength | 15.28 | NEGATIVE | ZENA has a low relative strength, it was outperformed by 84.72% 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 | NEGATIVE | The current price of ZENA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.07 | NEUTRAL | The RSI value for ZENA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ZENA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 22.45 | NEUTRAL | The Stochastics value for ZENA is a neutral value. |
| Average True Range in percent/ATR (20) | 10.09 | HIGH VOLATILITY | The high ATR as a percentage value for ZENA suggests high volalility. |
| Average Directional Index/ADX (14) | 13.26 | NEGATIVE | The low ADX value for ZENA suggests a weak or negative trend. |
ZENA Chart- and CandleStick Pattern Analysis
ZENA Technicals: Chart, Performance Metrics, Trend & Indicators
2.24
+0.2 (+9.8%)
ZENATECH INC / ZENA TA FAQ
What is the technical rating for ZENA stock?
ChartMill assigns a technical rating of 0 / 10 to ZENA.
What is the trend direction for ZENA stock?
The current trend direction for ZENATECH INC (ZENA) is Bearish.
Can you provide the RSI signal for ZENATECH INC?
ZENATECH INC (ZENA) has an RSI value of 38.065. This indicates that the stock is currently neutral.
What is the MACD signal for ZENATECH INC (ZENA) stock?
The MACD indicator for ZENATECH INC (ZENA) has a value of 0.00581812, indicating a bearish trend.
Can you provide the support and resistance levels for ZENATECH INC?
ZENATECH INC (ZENA) has a support level at 2.03 and a resistance level at 2.3. Check the full technical report for our detailed analysis of ZENA support and resistance levels.