ZIL2 Technical Analysis - ELRINGKLINGER AG

Technical Rating and Analysis

Overall ZIL2 gets a technical rating of 5 out of 10. In the last year, ZIL2 was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

Warning: ZIL2 has an average volume of 16261 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

When comparing the performance of all stocks over the past year, ZIL2 turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.

ZIL2 is an average performer in the Automobile Components industry, it outperforms 53% of 31 stocks in the same industry.

ZIL2 is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ZIL2 is lagging the market.

In the last month ZIL2 has a been trading in a tight range between 4.60 and 4.87.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ELRINGKLINGER AG / ZIL2 Weekly stock chart

ELRINGKLINGER AG / ZIL2 Daily stock chart

Setup Rating and Analysis

ZIL2 has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 4.66, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.25

5.18

2 important support areas can be observed.

A support zone ranging from 4.55 to 4.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 4.29 to 4.39. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

Resistance @4.74 from a trend line in the daily time frame.
A resistance zone ranging from 5.08 to 5.13. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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 ZIL2.DE is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ZIL2.DE is neutral.
ChartMill Relative Strength	50.78	NEUTRAL	ZIL2.DE is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ZIL2.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ZIL2.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ZIL2.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)	55.61	NEUTRAL	The RSI value for ZIL2.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests ZIL2.DE has a negative trend, although the MACD value is rising.
Stochastics (14,3)	19.92	OVERSOLD	The low Stochastics value suggests ZIL2.DE may be oversold.
Average True Range in percent/ATR (20)	1.68	LOW VOLATILITY	The low ATR as a percentage value for ZIL2.DE suggests low volalility.
Average Directional Index/ADX (14)	15.19	NEGATIVE	The low ADX value for ZIL2.DE suggests a weak or negative trend.