ZAI LAB LTD-ADR (ZLAB) Stock Technical Analysis
NASDAQ:ZLAB - Nasdaq - US98887Q1040 - ADR - Currency: USD
We assign a technical rating of 10 out of 10 to ZLAB. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ZLAB is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that ZLAB is one of the better performing stocks in the market, outperforming 93% of all stocks.
ZLAB is part of the Biotechnology industry. There are 556 other stocks in this industry. ZLAB outperforms 88% of them.
ZLAB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ZLAB is lagging the market slightly.
In the last month ZLAB has a been trading in the 32.30 - 38.77 range, which is quite wide. It is currently trading near the high of this range.
Although ZLAB 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.
More info and screens
24.05
38.15
We found 3 important support areas.
- A support zone ranging from 33.95 to 35.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.72 to 32.72. 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.
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 | UP | POSITIVE | The short term trend for ZLAB is up. |
| ChartMill Relative Strength | 93.25 | POSITIVE | ZLAB has a high relative strength, it outperformed 93.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ZLAB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ZLAB is above the rising 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) | 57.83 | NEUTRAL | The RSI value for ZLAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests ZLAB has a positive trend. |
| Stochastics (14,3) | 78.5 | NEUTRAL | The Stochastics value for ZLAB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.09 | MEDIUM VOLATILITY | The ATR as a percentage value for ZLAB suggests some volalility. |
| Average Directional Index/ADX (14) | 10.06 | 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)
37.77
+0.4 (+1.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.07%
1 Week4.89%
2 Weeks10.83%
1 Month2.19%
3 Month18.03%
6 Month43.78%
12 Month100.27%
2 Year25.65%
3 Year-6.81%
5 Year-50.37%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.6
ATR(20)%4.09%
ATR Inc-52.45%
Range Today0.74
ADR(20)1.13
ADR(20)%2.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.25
Mansfield1.98
10 Day High38.77
10 Day Low32.31
20 Day High38.77
20 Day Low32.31
52 Week High44.34
52 Week Low16.01
CS1 End35.41
CR1 StartN/A
Volume & EV
DER(3)-2.03%
DER(5)-0.55%
Volume674.90K
Volume Incr45.24%
Vol(5)1.03M
Vol(50)897.35K