ZEO ENERGY CORP (ZEO) Stock Technical Analysis
NASDAQ:ZEO - Nasdaq - US98944F1093 - Common Stock - Currency: USD
Overall ZEO 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, ZEO is showing a nice and steady performance.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
ZEO is one of the better performing stocks in the Electrical Equipment industry, it outperforms 78% of 94 stocks in the same industry.
ZEO has an average volume of 2667360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that ZEO is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
ZEO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ZEO is lagging the market slightly.
In the last month ZEO has a been trading in the 1.51 - 3.54 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.
Although ZEO has an excellent technical rating, the quality of the presented setup is not ideal 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
1.46
3.46
3 important support areas can be observed.
- A support zone ranging from 2.75 to 2.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.72 from a trend line in the daily time frame.
- Support @1.47 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.40 to 3.43. This zone is formed by a combination of multiple trend lines 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 ZEO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ZEO is neutral. |
| ChartMill Relative Strength | 85.35 | POSITIVE | ZEO has a high relative strength, it outperformed 85.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ZEO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ZEO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ZEO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.83 | NEUTRAL | The RSI value for ZEO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ZEO has a negative trend. |
| Stochastics (14,3) | 60.21 | NEUTRAL | The Stochastics value for ZEO is a neutral value. |
| Average True Range in percent/ATR (20) | 16.1 | HIGH VOLATILITY | The high ATR as a percentage value for ZEO suggests high volalility. |
| Average Directional Index/ADX (14) | 44.7 | POSITIVE | The high ADX value value for ZEO 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)
2.8
-0.28 (-9.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-9.09%
1 Week-16.91%
2 Weeks0.72%
1 Month75%
3 Month61.85%
6 Month37.25%
12 Month-23.08%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%16.1%
ATR Inc8.06%
Range Today0.7
ADR(20)0.37
ADR(20)%13.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.35
Mansfield2.25
10 Day High3.54
10 Day Low2.28
20 Day High3.54
20 Day Low1.51
52 Week High4.75
52 Week Low1.05
CS1 End2.79
CR1 Start3.4
Volume & EV
DER(3)-8.91%
DER(5)-8.52%
Volume316.20K
Volume Incr-97.26%
Vol(5)148.90K
Vol(50)2.67M