ZLAB Technical Analysis - ZAI LAB LTD-ADR

Technical Rating and Analysis

Overall ZLAB gets a technical rating of 3 out of 10. Although ZLAB is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

When comparing the yearly performance of all stocks, we notice that ZLAB is one of the better performing stocks in the market, outperforming 79% of all stocks. We also observe that the gains produced by ZLAB over the past year are nicely spread over this period.

ZLAB is one of the better performing stocks in the Biotechnology industry, it outperforms 71% of 540 stocks in the same industry.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

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.

In the last month ZLAB has a been trading in the 26.66 - 35.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ZAI LAB LTD-ADR / ZLAB Weekly stock chart

ZAI LAB LTD-ADR / ZLAB Daily stock chart

Setup Rating and Analysis

The technical rating of ZLAB is bad and it also does not present a quality setup 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

24.05

37.88

When analyzing the support we can see 3 important areas.

Support @30.76 from a horizontal line in the weekly time frame.
A support zone ranging from 28.14 to 28.67. This zone is formed by a combination of multiple trend lines in the daily time frame.
Support @24.29 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 2 important areas.

Resistance @33.01 from a horizontal line in the daily time frame.
A resistance zone ranging from 37.18 to 37.50. 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	NEUTRAL	NEUTRAL	The long term trend for ZLAB is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ZLAB is down.
ChartMill Relative Strength	79.64	POSITIVE	ZLAB has a high relative strength, it outperformed 79.64% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of ZLAB is above 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)	48.77	NEUTRAL	The RSI value for ZLAB is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.29	POSITIVE	The MACD value suggests ZLAB has a positive trend.
Stochastics (14,3)	83.21	OVERBOUGHT	The high Stochastics value suggests ZLAB may be overbought.
Average True Range in percent/ATR (20)	4.69	MEDIUM VOLATILITY	The ATR as a percentage value for ZLAB suggests some volalility.
Average Directional Index/ADX (14)	19.44	NEGATIVE	The low ADX value for ZLAB suggests a weak or negative trend.