ZGN Technical Analysis - ERMENEGILDO ZEGNA NV

Technical Rating and Analysis

Overall ZGN gets a technical rating of 8 out of 10. In the last year, ZGN was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

ZGN is part of the Textiles, Apparel & Luxury Goods industry. There are 48 other stocks in this industry. ZGN outperforms 76% of them.

ZGN 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 ZGN has a been trading in the 8.64 - 10.49 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

Looking at the yearly performance, ZGN did better than 82% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ERMENEGILDO ZEGNA NV / ZGN Weekly stock chart

ERMENEGILDO ZEGNA NV / ZGN Daily stock chart

Setup Rating and Analysis

Although ZGN has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

8.41

10.55

We found 2 important support areas.

A support zone ranging from 8.73 to 9.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 8.49 to 8.57. 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 10.45 to 10.45. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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 ZGN is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ZGN is up.
ChartMill Relative Strength	82.73	POSITIVE	ZGN has a high relative strength, it outperformed 82.73% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ZGN is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ZGN is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ZGN is above the rising SMA(200).
Relative Strength Index/RSI (14)	63.37	NEUTRAL	The RSI value for ZGN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests ZGN has a positive trend.
Stochastics (14,3)	78.71	NEUTRAL	The Stochastics value for ZGN is a neutral value.
Average True Range in percent/ATR (20)	3.54	MEDIUM VOLATILITY	The ATR as a percentage value for ZGN suggests some volalility.
Average Directional Index/ADX (14)	27.2	POSITIVE	The high ADX value value for ZGN suggests a strong trend.