OLYMPIC STEEL INC (ZEUS) Stock Technical Analysis
NASDAQ:ZEUS - Nasdaq - US68162K1060 - Common Stock - Currency: USD
Taking everything into account, ZEUS scores 0 out of 10 in our technical rating. ZEUS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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.
84% of all other stocks performed better in the past year than ZEUS.
ZEUS is part of the Metals & Mining industry. There are 154 other stocks in this industry, of which 79% are performing better than ZEUS.
ZEUS is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ZEUS is lagging the market.
In the last month ZEUS has a been trading in the 29.35 - 34.16 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of ZEUS is bad and it also does not present a 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
28.64
35.28
When analyzing the support we notice one important area.
- Support @28.93 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 31.26 to 31.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 32.95 to 33.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 34.93 to 34.93. 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 | 16.26 | NEGATIVE | ZEUS has a low relative strength, it was outperformed by 83.74% 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) | DOWN | NEGATIVE | The current price of ZEUS is below a declining 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) | 49.03 | NEUTRAL | The RSI value for ZEUS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests ZEUS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.09 | OVERSOLD | The low Stochastics value suggests ZEUS may be oversold. |
| Average True Range in percent/ATR (20) | 3.77 | MEDIUM VOLATILITY | The ATR as a percentage value for ZEUS suggests some volalility. |
| Average Directional Index/ADX (14) | 11.15 | 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)
31.12
+1.47 (+4.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg4.96%
1 Week3.42%
2 Weeks-2.81%
1 Month-10.88%
3 Month-3.65%
6 Month-23.5%
12 Month-37.76%
2 Year-36.49%
3 Year20.85%
5 Year164.85%
10 Year78.44%
15 Year35.48%
Volatility
ATR(14)1.03
ATR(20)%3.77%
ATR Inc82.66%
Range Today1.94
ADR(20)0.98
ADR(20)%3.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.26
Mansfield-1.93
10 Day High32.57
10 Day Low29.35
20 Day High34.16
20 Day Low29.35
52 Week High51.66
52 Week Low26.32
CS1 End28.93
CR1 Start31.26
Volume & EV
DER(3)2.33%
DER(5)0.1%
Volume114.80K
Volume Incr11.07%
Vol(5)80.08K
Vol(50)81.42K