OLYMPIC STEEL INC (ZEUS) Technical Analysis
NASDAQ:ZEUS • US68162K1060
Overall ZEUS gets a technical rating of 7 out of 10. In the last year, ZEUS was one of the better performers, but we do observe some doubts in the very recent evolution.
- ZEUS is one of the lesser performing stocks in the Metals & Mining industry. 62% of 157 stocks in the same industry do better.
- 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 however is currently trading near a new high, so ZEUS is lagging the market slightly.
- When comparing the yearly performance of all stocks, we notice that ZEUS is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- Volume is considerably higher in the last couple of days.
Although ZEUS has an excellent technical rating, it does not present a decent entry opportunity 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
46.44
When analyzing the support we notice one important area.
- Support @46.91 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @51.15 from a horizontal line in the weekly time frame.
- Resistance @52.18 from a horizontal line 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 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 Technicals: Chart, Performance Metrics, Trend & Indicators
47.86
-2.98 (-5.86%)
OLYMPIC STEEL INC / ZEUS 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.