ERMENEGILDO ZEGNA NV (ZGN) Stock Technical Analysis
USA - NYSE:ZGN - NL0015000PB5 - Common Stock
We assign a technical rating of 9 out of 10 to ZGN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ZGN is showing a nice and steady performance.
Besides having an excellent technical rating, ZGN also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
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8.61
We found 3 important support areas.
- Support @9.21 from a trend line in the daily time frame.
- Support @9.06 from a horizontal line in the daily time frame.
- A support zone ranging from 8.70 to 8.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @10.28 from a trend line in the weekly time frame.
- A resistance zone ranging from 10.45 to 10.53. 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 | UP | POSITIVE | The long term trend for ZGN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ZGN is neutral. |
| ChartMill Relative Strength | 87.81 | POSITIVE | ZGN has a high relative strength, it outperformed 87.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ZGN is below 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) | 47.49 | NEUTRAL | The RSI value for ZGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests ZGN has a negative trend. |
| Stochastics (14,3) | 19.24 | OVERSOLD | The low Stochastics value suggests ZGN may be oversold. |
| Average True Range in percent/ATR (20) | 3.59 | MEDIUM VOLATILITY | The ATR as a percentage value for ZGN suggests some volalility. |
| Average Directional Index/ADX (14) | 18.39 | NEGATIVE | The low ADX value for ZGN suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.12 | 9.58 | 0.55 (5.42%) | 18.44% |
| An entry @10.12. This is a Buy Stop order right above the 10 day moving average. | An exit @9.58. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.55 points, which is 5.42%. | When investing 18.44% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
9.81
+0.06 (+0.62%)
ERMENEGILDO ZEGNA NV / ZGN FAQ
What is the ChartMill technical rating of ERMENEGILDO ZEGNA NV (ZGN) stock?
ChartMill assigns a technical rating of 9 / 10 to ZGN.
What is the current trend direction of ERMENEGILDO ZEGNA NV (ZGN) stock?
The current trend direction for ERMENEGILDO ZEGNA NV (ZGN) is Bullish.
What is the RSI signal for ERMENEGILDO ZEGNA NV (ZGN) stock?
ERMENEGILDO ZEGNA NV (ZGN) has an RSI value of 47.4861. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ERMENEGILDO ZEGNA NV?
The MACD indicator for ERMENEGILDO ZEGNA NV (ZGN) has a value of -0.0987631, indicating a bearish trend.
Can you provide the support and resistance levels for ERMENEGILDO ZEGNA NV?
ERMENEGILDO ZEGNA NV (ZGN) has a support level at 9.21 and a resistance level at 10.28. Check the full technical report for our detailed analysis of ZGN support and resistance levels.