We assign a technical rating of 9 out of 10 to ZEUS. Both in the recent history as in the last year, ZEUS has proven to be a steady performer, scoring decent points in every aspect analyzed.
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
37.96
We found 2 important support areas.
- Support @39.36 from a trend line in the daily time frame.
- Support @38.34 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 43.66 to 44.09. 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 | UP | POSITIVE | The long term trend for ZEUS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZEUS is up. |
| ChartMill Relative Strength | 89.16 | POSITIVE | ZEUS has a high relative strength, it outperformed 89.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ZEUS is above the rising 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) | 68.49 | NEUTRAL | The RSI value for ZEUS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests ZEUS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.79 | OVERBOUGHT | The high Stochastics value suggests ZEUS may be overbought. |
| Average True Range in percent/ATR (20) | 3.63 | MEDIUM VOLATILITY | The ATR as a percentage value for ZEUS suggests some volalility. |
| Average Directional Index/ADX (14) | 49.2 | POSITIVE | The high ADX value value for ZEUS suggests a strong trend. |
43.65
-0.43 (-0.98%)
OLYMPIC STEEL INC / ZEUS FAQ
Can you provide the ChartMill technical rating for OLYMPIC STEEL INC?
ChartMill assigns a technical rating of 9 / 10 to ZEUS.
Can you provide the trend direction for OLYMPIC STEEL INC?
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 68.4867. This indicates that the stock is currently neutral.
What is the buy/sell signal for ZEUS stock?
The buy/sell signal for OLYMPIC STEEL INC (ZEUS) is buy as both the short term and long term trends are positive.
What is the support and resistance level for ZEUS stock?
OLYMPIC STEEL INC (ZEUS) has a support level at 39.36 and a resistance level at 43.66. Check the full technical report for our detailed analysis of ZEUS support and resistance levels.