OLYMPIC STEEL INC (ZEUS) Stock Technical Analysis
NASDAQ:ZEUS - Nasdaq - US68162K1060 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to ZEUS. Recently some decent action could be observed, but in the medium term time frame this is still negative. ZEUS was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, ZEUS is a bad performer in the overall market: 86% of all stocks are doing better.
ZEUS is part of the Metals & Mining industry. There are 154 other stocks in this industry, of which 83% are performing better than ZEUS.
ZEUS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month ZEUS has a been trading in the 29.49 - 35.47 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ZEUS has an average technical rating and the quality of the presented setup is also not ideal 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
35.30
4 important support areas can be observed.
- A support zone ranging from 32.10 to 32.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @30.31 from a trend line in the daily time frame.
- A support zone ranging from 29.65 to 29.82. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @28.93 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 34.31 to 34.95. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for ZEUS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZEUS is up. |
| ChartMill Relative Strength | 14.95 | NEGATIVE | ZEUS has a low relative strength, it was outperformed by 85.05% 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) | DOWN | NEGATIVE | The current price of ZEUS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.29 | NEUTRAL | The RSI value for ZEUS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests ZEUS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.98 | NEUTRAL | The Stochastics value for ZEUS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.17 | MEDIUM VOLATILITY | The ATR as a percentage value for ZEUS suggests some volalility. |
| Average Directional Index/ADX (14) | 21.32 | NEUTRAL | The ADX value for ZEUS suggests a possible start of a new 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)
NASDAQ:ZEUS (7/16/2025, 1:17:52 PM)
33.19
-0.06 (-0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.18%
1 Week-3.61%
2 Weeks2.03%
1 Month9.05%
3 Month8.7%
6 Month-1.39%
12 Month-30.8%
2 Year-40.4%
3 Year11.84%
5 Year214.27%
10 Year174.34%
15 Year30.75%
Volatility
ATR(14)1.05
ATR(20)%3.17%
ATR Inc7.64%
Range Today1.08
ADR(20)1.01
ADR(20)%3.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.95
Mansfield-1.34
10 Day High35.47
10 Day Low32
20 Day High35.47
20 Day Low29.49
52 Week High51.66
52 Week Low26.32
CS1 End32.81
CR1 Start34.31
Volume & EV
DER(3)-0.52%
DER(5)0.77%
Volume20.53K
Volume Incr-36.02%
Vol(5)51.60K
Vol(50)74.04K