OLYMPIC STEEL INC (ZEUS) Technical Analysis
NASDAQ:ZEUS • US68162K1060
Current stock price
ZEUS Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to ZEUS. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month ZEUS has a been trading in the 46.29 - 52.65 range, which is quite wide. It is currently trading near the lows of this range.
- 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!
- ZEUS is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ZEUS is performing more or less in line with the market.
- Looking at the yearly performance, ZEUS did better than 88% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- ZEUS is an average performer in the Metals & Mining industry, it outperforms 55% of 159 stocks in the same industry.
- Volume is considerably higher in the last couple of days.
ZEUS Weekly and Daily overview Charts
ZEUS Setup Rating and Analysis
Although ZEUS has an excellent technical rating, it does not offer a high 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
ZEUS Support and Resistance Analysis
46.44
We found 1 important support area.
- Support @46.91 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @51.15 from a horizontal line in the weekly time frame.
- Resistance @52.18 from a horizontal line in the daily time frame.
ZEUS 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 ZEUS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ZEUS is neutral. |
| ChartMill Relative Strength | 88.1 | POSITIVE | ZEUS has a high relative strength, it outperformed 88.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ZEUS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ZEUS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ZEUS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.5 | NEUTRAL | The RSI value for ZEUS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests ZEUS has a negative trend. |
| Stochastics (14,3) | 42.55 | NEUTRAL | The Stochastics value for ZEUS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.16 | MEDIUM VOLATILITY | The ATR as a percentage value for ZEUS suggests some volalility. |
| Average Directional Index/ADX (14) | 31.37 | POSITIVE | The high ADX value value for ZEUS suggests a strong trend. |
ZEUS Chart- and CandleStick Pattern Analysis
ZEUS Technicals: Chart, Performance Metrics, Trend & Indicators
47.86
-2.98 (-5.86%)
OLYMPIC STEEL INC / ZEUS TA FAQ
Can you provide the ChartMill technical rating for OLYMPIC STEEL INC?
ChartMill assigns a technical rating of 7 / 10 to ZEUS.
What is the current trend direction of OLYMPIC STEEL INC (ZEUS) stock?
The current trend direction for OLYMPIC STEEL INC (ZEUS) is Bullish.
Can you provide the RSI signal for OLYMPIC STEEL INC?
OLYMPIC STEEL INC (ZEUS) has an RSI value of 48.5049. This indicates that the stock is currently neutral.
What is the support and resistance level for ZEUS stock?
OLYMPIC STEEL INC (ZEUS) has a support level at 46.91 and a resistance level at 51.15. Check the full technical report for our detailed analysis of ZEUS support and resistance levels.