Taking everything into account, ZGNX scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ZGNX is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- ZGNX is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 93% of 190 stocks in the same industry.
- A new 52 week high is currently being made by ZGNX, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- ZGNX has an average volume of 3345140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, ZGNX did better than 98% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month ZGNX has a been trading in a tight range between 26.02 and 26.90.
Although ZGNX has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
19.75
2 important support areas can be observed.
- A support zone ranging from 26.10 to 26.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.95 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 26.69 to 26.69. 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 ZGNX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZGNX is up. |
| ChartMill Relative Strength | 98.84 | POSITIVE | ZGNX has a high relative strength, it outperformed 98.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ZGNX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ZGNX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ZGNX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.73 | OVERBOUGHT | The high RSI value suggests ZGNX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests ZGNX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 68.64 | NEUTRAL | The Stochastics value for ZGNX is a neutral value. |
| Average True Range in percent/ATR (20) | 0.75 | LOW VOLATILITY | The low ATR as a percentage value for ZGNX suggests low volalility. |
26.68
+0.42 (+1.6%)
ZOGENIX INC / ZGNX FAQ
What is the ChartMill technical rating of ZOGENIX INC (ZGNX) stock?
ChartMill assigns a technical rating of 8 / 10 to ZGNX.
What is the current trend direction of ZOGENIX INC (ZGNX) stock?
The current trend direction for ZOGENIX INC (ZGNX) is Bullish.
Can you provide the RSI signal for ZOGENIX INC?
ZOGENIX INC (ZGNX) has an RSI value of 77.7258. This indicates that the stock is currently overbought.
Can you provide the MACD signal for ZOGENIX INC?
The MACD indicator for ZOGENIX INC (ZGNX) has a value of -0.278558, indicating a bearish trend.
What is the support and resistance level for ZGNX stock?
ZOGENIX INC (ZGNX) has a support level at 26.26 and a resistance level at 26.69. Check the full technical report for our detailed analysis of ZGNX support and resistance levels.