ERMENEGILDO ZEGNA NV (ZGN) Stock Technical Analysis
NYSE:ZGN - New York Stock Exchange, Inc. - NL0015000PB5 - Common Stock - Currency: USD
Overall ZGN gets a technical rating of 0 out of 10. 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.
When comparing the yearly performance of all stocks, ZGN is a bad performer in the overall market: 86% of all stocks are doing better.
In the last month ZGN has a been trading in the 7.72 - 9.50 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
ZGN has an average volume of 1333590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
ZGN is an average performer in the Textiles, Apparel & Luxury Goods industry, it outperforms 40% of 50 stocks in the same industry.
ZGN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ZGN is lagging the market slightly.
The technical rating of ZGN is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
7.66
9.62
When analyzing the support we notice one important area.
- Support @7.74 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 8.73 to 8.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for ZGN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ZGN is down. |
| ChartMill Relative Strength | 14.17 | NEGATIVE | ZGN has a low relative strength, it was outperformed by 85.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ZGN is below 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) | DOWN | NEGATIVE | The current price of ZGN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 29.83 | OVERSOLD | The low RSI value suggests ZGN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests ZGN has a negative trend. |
| Stochastics (14,3) | 2.86 | OVERSOLD | The low Stochastics value suggests ZGN may be oversold. |
| Average True Range in percent/ATR (20) | 3.68 | MEDIUM VOLATILITY | The ATR as a percentage value for ZGN suggests some volalility. |
| Average Directional Index/ADX (14) | 18.65 | NEGATIVE | The low ADX value for ZGN 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)
7.75
-0.29 (-3.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg-3.61%
1 Week-15.39%
2 Weeks-14.08%
1 Month-15.3%
3 Month-2.39%
6 Month-14.65%
12 Month-30.49%
2 Year-48.26%
3 Year-24.32%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%3.68%
ATR Inc69.38%
Range Today0.37
ADR(20)0.26
ADR(20)%3.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.17
Mansfield-1.46
10 Day High9.5
10 Day Low7.72
20 Day High9.5
20 Day Low7.72
52 Week High10.99
52 Week Low6.05
CS1 End7.74
CR1 Start8.73
Volume & EV
DER(3)-2.85%
DER(5)-2.4%
Volume909.90K
Volume Incr-34.81%
Vol(5)1.04M
Vol(50)1.33M