ZKH GROUP LTD (ZKH) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ZKH - US98877R1041 - ADR
Overall ZKH gets a technical rating of 7 out of 10. In the last year, ZKH was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although ZKH has an excellent technical rating, the quality of the presented setup is not ideal 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.
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2.72
When analyzing the support we can see 4 important areas.
- A support zone ranging from 3.21 to 3.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.13 to 3.13. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 2.83 to 2.86. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 2.75 to 2.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @3.70 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for ZKH is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZKH is up. |
| ChartMill Relative Strength | 62.84 | NEUTRAL | ZKH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ZKH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ZKH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ZKH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.43 | NEUTRAL | The RSI value for ZKH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ZKH has a negative trend. |
| Stochastics (14,3) | 48.97 | NEUTRAL | The Stochastics value for ZKH is a neutral value. |
| Average True Range in percent/ATR (20) | 5.45 | HIGH VOLATILITY | The high ATR as a percentage value for ZKH suggests high volalility. |
| Average Directional Index/ADX (14) | 26.58 | POSITIVE | The high ADX value value for ZKH 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 |
|---|---|---|---|
| 3.71 | 3.20 | 0.51 (13.75%) | 7.27% |
| An entry @3.71. This is a Buy Stop order right above the resistance zone. | An exit @3.20. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.51 points, which is 13.75%. | When investing 7.27% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
3.5
+0.03 (+0.86%)
ZKH GROUP LTD / ZKH FAQ
What is the ChartMill technical rating of ZKH GROUP LTD (ZKH) stock?
ChartMill assigns a technical rating of 7 / 10 to ZKH.
What is the trend direction for ZKH stock?
The current trend direction for ZKH GROUP LTD (ZKH) is Bearish.
What is the RSI signal for ZKH stock?
ZKH GROUP LTD (ZKH) has an RSI value of 54.4271. This indicates that the stock is currently neutral.
What is the short term momentum for ZKH GROUP LTD (ZKH) stock?
The short term momentum for ZKH GROUP LTD (ZKH) is positive.
Can you provide the support and resistance levels for ZKH GROUP LTD?
ZKH GROUP LTD (ZKH) has a support level at 3.28 and a resistance level at 3.7. Check the full technical report for our detailed analysis of ZKH support and resistance levels.