ERMENEGILDO ZEGNA NV (ZGN) Technical Analysis
NYSE:ZGN • NL0015000PB5
Current stock price
ZGN Technical Rating and Analysis
Overall ZGN gets a technical rating of 10 out of 10. Both in the recent history as in the last year, ZGN has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, ZGN did better than 88% of all other stocks.
- ZGN is part of the Textiles, Apparel & Luxury Goods industry. There are 45 other stocks in this industry. ZGN outperforms 81% of them.
- ZGN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ZGN is lagging the market slightly.
- ZGN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
ZGN Weekly and Daily overview Charts
ZGN Setup Rating and Analysis
Besides having an excellent technical rating, ZGN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 11.95, a Stop Loss order could be placed below this zone.
More info and screens
ZGN Support and Resistance Analysis
8.65
When analyzing the support we can see 5 important areas.
- A support zone ranging from 11.88 to 11.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.53 from a trend line in the weekly time frame.
- Support @9.69 from a trend line in the daily time frame.
- A support zone ranging from 9.18 to 9.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.74 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @12.16 from a horizontal line in the weekly time frame.
ZGN 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 | UP | POSITIVE | The long term trend for ZGN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZGN is up. |
| ChartMill Relative Strength | 88.52 | POSITIVE | ZGN has a high relative strength, it outperformed 88.52% 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) | 61.42 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 80.93 | OVERBOUGHT | The high Stochastics value suggests ZGN may be overbought. |
| Average True Range in percent/ATR (20) | 3.79 | MEDIUM VOLATILITY | The ATR as a percentage value for ZGN suggests some volalility. |
| Average Directional Index/ADX (14) | 11.25 | NEGATIVE | The low ADX value for ZGN suggests a weak or negative trend. |
ZGN Chart- and CandleStick Pattern Analysis
ZGN Example Setup
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 |
|---|---|---|---|
| 12.17 | 11.85 | 0.32 (2.63%) | 25.00% |
| An entry @12.17. This is a Buy Stop order right above the resistance zone. | An exit @11.85. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.32 points, which is 2.63%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.66%. |
- The distance between exit and entry is rather small compared to the average daily movement of ZGN. Please evaluate whether better entry and exit points can be found.
- 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.
ZGN Technicals: Chart, Performance Metrics, Trend & Indicators
11.89
-0.07 (-0.59%)
ERMENEGILDO ZEGNA NV / ZGN TA FAQ
What is the ChartMill technical rating of ERMENEGILDO ZEGNA NV (ZGN) stock?
ChartMill assigns a technical rating of 10 / 10 to ZGN.
What is the trend direction for ZGN stock?
The current trend direction for ERMENEGILDO ZEGNA NV (ZGN) is Bullish.
Can you provide the RSI signal for ERMENEGILDO ZEGNA NV?
ERMENEGILDO ZEGNA NV (ZGN) has an RSI value of 61.4184. This indicates that the stock is currently neutral.
What is the buy/sell signal for ZGN stock?
The buy/sell signal for ERMENEGILDO ZEGNA NV (ZGN) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for ERMENEGILDO ZEGNA NV (ZGN) stock?
ERMENEGILDO ZEGNA NV (ZGN) has a support level at 11.95 and a resistance level at 12.16. Check the full technical report for our detailed analysis of ZGN support and resistance levels.