ERMENEGILDO ZEGNA NV (ZGN) Stock Technical Analysis
NYSE:ZGN • NL0015000PB5
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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that ZGN is one of the better performing stocks in the market, outperforming 77% of all stocks.
- ZGN is one of the better performing stocks in the Textiles, Apparel & Luxury Goods industry, it outperforms 79% of 45 stocks in the same industry.
- ZGN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- 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.
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. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
8.65
When analyzing the support we can see 3 important areas.
- Support @11.07 from a horizontal line in the daily time frame.
- Support @9.06 from a horizontal line in the daily time frame.
- A support zone ranging from 8.74 to 8.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 11.37 to 11.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.85 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 | 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 | 77.82 | POSITIVE | ZGN has a high relative strength, it outperformed 77.82% 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) | 57.63 | NEUTRAL | The RSI value for ZGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests ZGN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.07 | NEUTRAL | The Stochastics value for ZGN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.01 | MEDIUM VOLATILITY | The ATR as a percentage value for ZGN suggests some volalility. |
| Average Directional Index/ADX (14) | 31.75 | POSITIVE | The high ADX value value for ZGN suggests a strong 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 |
|---|---|---|---|
| 11.47 | 11.06 | 0.41 (3.57%) | 25.00% |
| An entry @11.47. This is a Buy Stop order right above the resistance zone. | An exit @11.06. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.41 points, which is 3.57%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.89%. |
- 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.
11.27
-0.33 (-2.84%)
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 trend direction for 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 57.628. 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 positive.
What is the support and resistance level for ZGN stock?
ERMENEGILDO ZEGNA NV (ZGN) has a support level at 11.07 and a resistance level at 11.37. Check the full technical report for our detailed analysis of ZGN support and resistance levels.