OLYMPIC STEEL INC (ZEUS) Stock Technical Analysis
NASDAQ:ZEUS - Nasdaq - US68162K1060 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to ZEUS. ZEUS 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
80% of all other stocks performed better in the past year than ZEUS.
ZEUS is part of the Metals & Mining industry. There are 156 other stocks in this industry, of which 81% are performing better than ZEUS.
ZEUS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ZEUS is lagging the market.
In the last month ZEUS has a been trading in the 29.70 - 35.46 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, ZEUS does present a nice setup opportunity. 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 32.54, a Stop Loss order could be placed below this zone.
More info and screens
28.64
35.82
4 important support areas can be observed.
- A support zone ranging from 31.80 to 32.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 30.73 to 30.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.82 from a horizontal line in the daily time frame.
- Support @28.93 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @32.81 from a trend line in the daily time frame.
- Resistance @33.68 from a trend line in the weekly time frame.
- A resistance zone ranging from 34.57 to 35.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 ZEUS is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ZEUS is neutral. |
| ChartMill Relative Strength | 20.74 | NEGATIVE | ZEUS has a low relative strength, it was outperformed by 79.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ZEUS is above 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) | DOWN | NEGATIVE | The current price of ZEUS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.47 | NEUTRAL | The RSI value for ZEUS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests ZEUS has a positive trend. |
| Stochastics (14,3) | 65.88 | NEUTRAL | The Stochastics value for ZEUS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.66 | MEDIUM VOLATILITY | The ATR as a percentage value for ZEUS suggests some volalility. |
| Average Directional Index/ADX (14) | 16.42 | NEGATIVE | The low ADX value for ZEUS suggests a weak or negative 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)
32.62
+0.67 (+2.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg2.1%
1 Week1.78%
2 Weeks5.4%
1 Month-5.64%
3 Month8.41%
6 Month-13.89%
12 Month-21.62%
2 Year-39.05%
3 Year23.94%
5 Year196.55%
10 Year151.89%
15 Year48%
Volatility
ATR(14)1.14
ATR(20)%3.66%
ATR Inc-51.27%
Range Today0.76
ADR(20)1.11
ADR(20)%3.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.74
Mansfield-1.34
10 Day High33.52
10 Day Low30.17
20 Day High35.46
20 Day Low29.7
52 Week High43.6
52 Week Low26.32
CS1 End32.54
CR1 Start32.81
Volume & EV
DER(3)-1.35%
DER(5)0.94%
Volume55.40K
Volume Incr-34.85%
Vol(5)47.90K
Vol(50)71.62K