ERMENEGILDO ZEGNA NV (ZGN) Stock Technical Analysis
NYSE:ZGN - NL0015000PB5 - Common Stock
8.25 USD
+0.32 (+4.04%)
8.25 USD
0 (0%)
Taking everything into account, ZGN scores 1 out of 10 in our technical rating. ZGN 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 ZGN.
In the last month ZGN has a been trading in the 7.61 - 9.50 range, which is quite wide. It is currently trading near the lows of this range.
ZGN has an average volume of 1312290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ZGN is part of the Textiles, Apparel & Luxury Goods industry. There are 50 other stocks in this industry, ZGN did better than 44% of them.
ZGN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ZGN is lagging the market.
Considerably lower volume is observed in the last couple of days.
ZGN has a poor technical rating and the quality of the setup is also not perfect 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
7.62
9.62
When analyzing the support we notice one important area.
- A support zone ranging from 7.70 to 8.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 8.26 to 8.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 8.73 to 8.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 9.08 to 9.17. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @9.52 from a horizontal line in the daily time frame.
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 ZGN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ZGN is neutral. |
| ChartMill Relative Strength | 14.5 | NEGATIVE | ZGN has a low relative strength, it was outperformed by 85.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ZGN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ZGN is below a declining 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) | 50.3 | NEUTRAL | The RSI value for ZGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ZGN has a positive trend. |
| Stochastics (14,3) | 71.92 | NEUTRAL | The Stochastics value for ZGN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.38 | MEDIUM VOLATILITY | The ATR as a percentage value for ZGN suggests some volalility. |
| Average Directional Index/ADX (14) | 29.58 | POSITIVE | The high ADX value value for ZGN 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)
8.25
+0.32 (+4.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg4.04%
1 Week2.36%
2 Weeks5.1%
1 Month-9.93%
3 Month-1.9%
6 Month-5.61%
12 Month-20.83%
2 Year-44.93%
3 Year-19.43%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%3.38%
ATR Inc21.26%
Range Today0.31
ADR(20)0.26
ADR(20)%3.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.5
Mansfield-1.02
10 Day High8.29
10 Day Low7.7
20 Day High9.5
20 Day Low7.61
52 Week High10.59
52 Week Low6.05
CS1 End8.06
CR1 Start8.26
Volume & EV
DER(3)3.62%
DER(5)5.05%
Volume751.80K
Volume Incr-28.07%
Vol(5)620.60K
Vol(50)1.31M