OLYMPIC STEEL INC (ZEUS) Stock Technical Analysis
NASDAQ:ZEUS - Nasdaq - US68162K1060 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to ZEUS. 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.
When comparing the yearly performance of all stocks, ZEUS is a bad performer in the overall market: 85% of all stocks are doing better.
ZEUS is one of the lesser performing stocks in the Metals & Mining industry. 88% of 153 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. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month ZEUS has a been trading in the 26.32 - 32.49 range, which is quite wide. It is currently trading near the high of this range.
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. There is a resistance zone just above the current price starting at 31.57. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 30.68, a Stop Loss order could be placed below this zone.
More info and screens
30.08
35.45
We found 1 important support area.
- A support zone ranging from 30.38 to 30.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 31.57 to 32.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @33.41 from a trend line in the daily time frame.
- Resistance @34.03 from a trend line in the weekly time frame.
- Resistance @35.10 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.17
Mansfield-1.88
10 Day High32.04
10 Day Low28.9
20 Day High32.49
20 Day Low26.32
52 Week High67.81
52 Week Low26.32
Performance
1 Week3.17%
2 Weeks6.48%
1 Month-2.41%
3 Month-10.85%
6 Month-13.75%
12 Month-52.67%
2 Year-32.23%
3 Year-8.07%
5 Year234.32%
10 Year188.22%
15 Year-0.69%
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)
Technical Indicators
MACD(12,26,9)0.32
RSI(14)53.08
LBB28.37
UBB32.16
31.56
-0.27 (-0.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.85%
1 Week3.17%
2 Weeks6.48%
1 Month-2.41%
3 Month-10.85%
6 Month-13.75%
12 Month-52.67%
2 Year-32.23%
3 Year-8.07%
5 Year234.32%
10 Year188.22%
15 Year-0.69%
Volatility
ATR(14)1.66
ATR(20)%5.2%
ATR Inc-52.44%
Range Today0.85
ADR(20)1.58
ADR(20)%5.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.17
Mansfield-1.88
10 Day High32.04
10 Day Low28.9
20 Day High32.49
20 Day Low26.32
52 Week High67.81
52 Week Low26.32
CS1 End30.68
CR1 Start31.57
Volume & EV
DER(3)1.57%
DER(5)2.02%
Volume57.40K
Volume Incr-3.74%
Vol(5)86.46K
Vol(50)104.67K