ZAI LAB LTD-ADR (ZLAB) Stock Technical Analysis
NASDAQ:ZLAB - US98887Q1040 - ADR
34.03 USD
-1.01 (-2.88%)
34.03 USD
0 (0%)
We assign a technical rating of 5 out of 10 to ZLAB. ZLAB was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month ZLAB has a been trading in the 33.17 - 41.20 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, ZLAB did better than 92% of all other stocks. We also observe that the gains produced by ZLAB over the past year are nicely spread over this period.
ZLAB is part of the Biotechnology industry. There are 547 other stocks in this industry. ZLAB outperforms 84% of them.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
ZLAB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ZLAB is lagging the market.
ZLAB has an average technical rating and the quality of the presented setup is also 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.
More info and screens
24.05
39.44
When analyzing the support we can see 2 important areas.
- A support zone ranging from 32.72 to 33.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.29 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 34.88 to 35.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 35.74 to 36.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @37.18 from a horizontal line in the weekly time frame.
- Resistance @39.05 from a trend 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 ZLAB is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ZLAB is down. |
| ChartMill Relative Strength | 92.89 | POSITIVE | ZLAB has a high relative strength, it outperformed 92.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ZLAB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ZLAB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ZLAB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.54 | NEUTRAL | The RSI value for ZLAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests ZLAB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.56 | OVERSOLD | The low Stochastics value suggests ZLAB may be oversold. |
| Average True Range in percent/ATR (20) | 4.94 | MEDIUM VOLATILITY | The ATR as a percentage value for ZLAB suggests some volalility. |
| Average Directional Index/ADX (14) | 11.75 | NEGATIVE | The low ADX value for ZLAB suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
34.03
-1.01 (-2.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.88%
1 Week-1.93%
2 Weeks0.23%
1 Month-5.73%
3 Month11.88%
6 Month3.73%
12 Month94.45%
2 Year37.57%
3 Year-24.17%
5 Year-55.85%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.53
ATR(20)%4.94%
ATR Inc-33.52%
Range Today1.46
ADR(20)1.1
ADR(20)%3.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.89
Mansfield0.54
10 Day High36.77
10 Day Low33.31
20 Day High41.2
20 Day Low33.17
52 Week High44.34
52 Week Low18.04
CS1 End33.49
CR1 Start35.13
Volume & EV
DER(3)0.29%
DER(5)-1.08%
Volume325.01K
Volume Incr-31.71%
Vol(5)519.94K
Vol(50)751.32K