OLYMPIC STEEL INC (ZEUS) Stock Technical Analysis
USA - NASDAQ:ZEUS - US68162K1060 - Common Stock
29.35 USD
-0.02 (-0.07%)
29.35 USD
0 (0%)
We assign a technical rating of 0 out of 10 to ZEUS. ZEUS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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.
86% 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 89% 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.
In the last month ZEUS has a been trading in the 27.11 - 31.07 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ZEUS has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
26.93
35.27
We found 1 important support area.
- A support zone ranging from 27.20 to 27.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 29.36 to 29.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @30.20 from a trend line in the weekly time frame.
- A resistance zone ranging from 31.28 to 31.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @33.92 from a trend line in the daily time frame.
- A resistance zone ranging from 34.92 to 34.92. 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 | 14.56 | NEGATIVE | ZEUS has a low relative strength, it was outperformed by 85.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ZEUS is above 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) | 47.86 | NEUTRAL | The RSI value for ZEUS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests ZEUS has a positive trend. |
| Stochastics (14,3) | 54.04 | NEUTRAL | The Stochastics value for ZEUS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.78 | MEDIUM VOLATILITY | The ATR as a percentage value for ZEUS suggests some volalility. |
| Average Directional Index/ADX (14) | 27.1 | POSITIVE | The high ADX value value for ZEUS suggests a strong 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)
29.35
-0.02 (-0.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.07%
1 Week6.65%
2 Weeks7.9%
1 Month-5.08%
3 Month-11.78%
6 Month-7%
12 Month-19.79%
2 Year-42.19%
3 Year7.86%
5 Year157.23%
10 Year206.69%
15 Year30.91%
Volatility
ATR(14)1.17
ATR(20)%3.78%
ATR Inc-31.87%
Range Today0.5
ADR(20)1.06
ADR(20)%3.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.56
3 months CRS14.97
6 months CRS15.24
Mansfield-2.16
10 Day High29.81
10 Day Low27.16
20 Day High31.07
20 Day Low27.11
52 Week High43.6
52 Week Low26.32
CS1 End27.2
CR1 Start29.36
Volume & EV
DER(3)-0.94%
DER(5)-1.97%
Volume49.40K
Volume Incr2.97%
Vol(5)66.74K
Vol(50)62.06K
OLYMPIC STEEL INC / ZEUS FAQ
Can you provide the ChartMill technical rating for OLYMPIC STEEL INC?
ChartMill assigns a technical rating of 0 / 10 to ZEUS.
Can you provide the trend direction for OLYMPIC STEEL INC?
The current trend direction for OLYMPIC STEEL INC (ZEUS) is Bearish.
Can you provide the RSI signal for OLYMPIC STEEL INC?
OLYMPIC STEEL INC (ZEUS) has an RSI value of 47.8643. 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 27.2 and a resistance level at 29.36. Check the full technical report for our detailed analysis of ZEUS support and resistance levels.