OLYMPIC STEEL INC (ZEUS) Stock Technical Analysis
NASDAQ:ZEUS - Nasdaq - US68162K1060 - Common Stock - Currency: USD
We assign a technical rating of 3 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.
79% of all other stocks performed better in the past year than ZEUS.
ZEUS is one of the lesser performing stocks in the Metals & Mining industry. 76% of 154 stocks in the same industry do better.
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 29.49 - 33.39 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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 can see 3 important areas.
- A support zone ranging from 31.31 to 31.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 29.82 to 29.98. 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 34.93 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 | UP | POSITIVE | The short term trend for ZEUS is up. |
| ChartMill Relative Strength | 21.51 | NEGATIVE | ZEUS has a low relative strength, it was outperformed by 78.49% 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) | 58.11 | NEUTRAL | The RSI value for ZEUS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests ZEUS has a positive trend. |
| Stochastics (14,3) | 86.14 | OVERBOUGHT | The high Stochastics value suggests ZEUS may be overbought. |
| Average True Range in percent/ATR (20) | 3.44 | MEDIUM VOLATILITY | The ATR as a percentage value for ZEUS suggests some volalility. |
| Average Directional Index/ADX (14) | 11.86 | 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)
NASDAQ:ZEUS (7/1/2025, 12:22:45 PM)
33.8
+1.21 (+3.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg3.71%
1 Week8.02%
2 Weeks6.89%
1 Month9.92%
3 Month12.65%
6 Month0.8%
12 Month-21.96%
2 Year-33.49%
3 Year26.56%
5 Year177.36%
10 Year86.87%
15 Year41.88%
Volatility
ATR(14)1.02
ATR(20)%3.44%
ATR Inc14.38%
Range Today1.83
ADR(20)1.04
ADR(20)%3.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.51
Mansfield-1.6
10 Day High33.39
10 Day Low29.49
20 Day High33.39
20 Day Low29.49
52 Week High51.66
52 Week Low26.32
CS1 End31.53
CR1 Start34.93
Volume & EV
DER(3)0.23%
DER(5)1.01%
Volume32.12K
Volume Incr7.14%
Vol(5)85.78K
Vol(50)77.66K