Taking everything into account, ZEUS scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ZEUS is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- ZEUS is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ZEUS has a been trading in the 42.24 - 51.22 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, ZEUS did better than 94% 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 43% of 156 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
43.42
We found 2 important support areas.
- A support zone ranging from 46.36 to 46.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 43.86 to 44.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 51.06 to 51.06. 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 | 94.03 | POSITIVE | ZEUS has a high relative strength, it outperformed 94.03% 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) | 73.28 | OVERBOUGHT | The high RSI value suggests ZEUS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests ZEUS has a positive trend. |
| Stochastics (14,3) | 85.48 | OVERBOUGHT | The high Stochastics value suggests ZEUS may be overbought. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for ZEUS suggests some volalility. |
| Average Directional Index/ADX (14) | 51.43 | POSITIVE | The high ADX value value for ZEUS suggests a strong trend. |
51.05
+1.88 (+3.82%)
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.
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 73.2756. This indicates that the stock is currently overbought.
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 are the support and resistance levels for OLYMPIC STEEL INC (ZEUS) stock?
OLYMPIC STEEL INC (ZEUS) has a support level at 46.74 and a resistance level at 51.06. Check the full technical report for our detailed analysis of ZEUS support and resistance levels.