ERMENEGILDO ZEGNA NV (ZGN) Technical Analysis
NYSE:ZGN • NL0015000PB5
Current stock price
ZGN Technical Rating and Analysis
Overall ZGN gets a technical rating of 3 out of 10. Although ZGN is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month ZGN has a been trading in the 9.16 - 11.80 range, which is quite wide. It is currently trading near the lows of this range.
- ZGN is part of the Textiles, Apparel & Luxury Goods industry. There are 45 other stocks in this industry. ZGN outperforms 77% of them.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When comparing the yearly performance of all stocks, we notice that ZGN is one of the better performing stocks in the market, outperforming 78% of all stocks. We also observe that the gains produced by ZGN over the past year are nicely spread over this period. However, ZGN's most recent performance is quite weak.
- 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.
ZGN Weekly and Daily overview Charts
ZGN Setup Rating and Analysis
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
ZGN Support and Resistance Analysis
8.59
We found 2 important support areas.
- A support zone ranging from 8.97 to 9.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 8.68 to 8.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @10.73 from a horizontal line in the daily time frame.
- Resistance @11.37 from a trend 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 | 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 | 78.31 | POSITIVE | ZGN has a high relative strength, it outperformed 78.31% 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) | UP | POSITIVE | The current price of ZGN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.47 | NEUTRAL | The RSI value for ZGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests ZGN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.08 | OVERSOLD | The low Stochastics value suggests ZGN may be oversold. |
| Average True Range in percent/ATR (20) | 4.97 | MEDIUM VOLATILITY | The ATR as a percentage value for ZGN suggests some volalility. |
| Average Directional Index/ADX (14) | 23.48 | NEUTRAL | The ADX value for ZGN suggests a possible start of a new trend. |
ZGN Chart- and CandleStick Pattern Analysis
ZGN Technicals: Chart, Performance Metrics, Trend & Indicators
9.68
+0.43 (+4.65%)
ERMENEGILDO ZEGNA NV / ZGN TA FAQ
What is the ChartMill technical rating of ERMENEGILDO ZEGNA NV (ZGN) stock?
ChartMill assigns a technical rating of 3 / 10 to ZGN.
What is the trend direction for ZGN stock?
The current trend direction for ERMENEGILDO ZEGNA NV (ZGN) is Bearish.
What is the RSI signal for ERMENEGILDO ZEGNA NV (ZGN) stock?
ERMENEGILDO ZEGNA NV (ZGN) has an RSI value of 40.472. This indicates that the stock is currently neutral.
What is the short term momentum for ERMENEGILDO ZEGNA NV (ZGN) stock?
The short term momentum for ERMENEGILDO ZEGNA NV (ZGN) is negative.
What is the support and resistance level for ZGN stock?
ERMENEGILDO ZEGNA NV (ZGN) has a support level at 9.06 and a resistance level at 10.73. Check the full technical report for our detailed analysis of ZGN support and resistance levels.