Overall ZLAB gets a technical rating of 0 out of 10. ZLAB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, ZLAB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 19.74, a Stop Loss order could be placed below this zone.
More info and screens
19.32
We found 1 important support area.
- A support zone ranging from 19.52 to 19.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 20.41 to 20.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @28.50 from a trend line in the daily time frame.
- Resistance @29.67 from a trend line in the weekly time frame.
- Resistance @30.67 from a trend 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 | DOWN | NEGATIVE | The long term trend for ZLAB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ZLAB is down. |
| ChartMill Relative Strength | 9.3 | NEGATIVE | ZLAB has a low relative strength, it was outperformed by 90.7% 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) | DOWN | NEGATIVE | The current price of ZLAB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 25 | OVERSOLD | The low RSI value suggests ZLAB may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests ZLAB has a positive trend. |
| Stochastics (14,3) | 9.64 | OVERSOLD | The low Stochastics value suggests ZLAB may be oversold. |
| Average True Range in percent/ATR (20) | 4.17 | MEDIUM VOLATILITY | The ATR as a percentage value for ZLAB suggests some volalility. |
| Average Directional Index/ADX (14) | 46.88 | POSITIVE | The high ADX value value for ZLAB suggests a strong trend. |
19.75
+0.23 (+1.18%)
ZAI LAB LTD-ADR / ZLAB FAQ
Can you provide the ChartMill technical rating for ZAI LAB LTD-ADR?
ChartMill assigns a technical rating of 0 / 10 to ZLAB.
Can you provide the trend direction for ZAI LAB LTD-ADR?
The current trend direction for ZAI LAB LTD-ADR (ZLAB) is Bearish.
What is the RSI signal for ZAI LAB LTD-ADR (ZLAB) stock?
ZAI LAB LTD-ADR (ZLAB) has an RSI value of 25.002. This indicates that the stock is currently oversold.
What is the MACD signal for ZAI LAB LTD-ADR (ZLAB) stock?
The MACD indicator for ZAI LAB LTD-ADR (ZLAB) has a value of 0.20929, indicating a bearish trend.
What is the buy/sell signal for ZAI LAB LTD-ADR (ZLAB) stock?
The buy/sell signal for ZAI LAB LTD-ADR (ZLAB) is sell as both the short term and long term trends are negative.