ZAI LAB LTD-ADR (ZLAB) Technical Analysis
NASDAQ:ZLAB • US98887Q1040
Current stock price
ZLAB Technical Rating and Analysis
Taking everything into account, ZLAB scores 2 out of 10 in our technical rating. 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.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 85% of all other stocks performed better in the past year than ZLAB.
- ZLAB is one of the lesser performing stocks in the Biotechnology industry. 65% of 518 stocks in the same industry do better.
- ZLAB is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ZLAB is lagging the market.
- In the last month ZLAB has a been trading in the 17.10 - 20.25 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ZLAB Weekly and Daily overview Charts
ZLAB Setup Rating and Analysis
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 19.11. Right above this resistance zone may be a good entry point.
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ZLAB Support and Resistance Analysis
16.10
We found 4 important support areas.
- Support @18.94 from a trend line in the daily time frame.
- A support zone ranging from 18.43 to 18.64. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @16.60 from a horizontal line in the weekly time frame.
- A support zone ranging from 16.26 to 16.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 19.11 to 19.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 20.04 to 20.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @22.88 from a trend line in the weekly time frame.
ZLAB 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 | DOWN | NEGATIVE | The long term trend for ZLAB is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ZLAB is neutral. |
| ChartMill Relative Strength | 15.61 | NEGATIVE | ZLAB has a low relative strength, it was outperformed by 84.39% 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) | UP | POSITIVE | The current price of ZLAB is above the rising 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) | 50.57 | NEUTRAL | The RSI value for ZLAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests ZLAB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.39 | NEUTRAL | The Stochastics value for ZLAB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.28 | MEDIUM VOLATILITY | The ATR as a percentage value for ZLAB suggests some volalility. |
| Average Directional Index/ADX (14) | 13.27 | NEGATIVE | The low ADX value for ZLAB suggests a weak or negative trend. |
ZLAB Chart- and CandleStick Pattern Analysis
ZLAB Technicals: Chart, Performance Metrics, Trend & Indicators
19.02
-0.04 (-0.21%)
ZAI LAB LTD-ADR / ZLAB TA FAQ
Can you provide the ChartMill technical rating for ZAI LAB LTD-ADR?
ChartMill assigns a technical rating of 2 / 10 to ZLAB.
What is the trend direction for ZLAB stock?
The current trend direction for ZAI LAB LTD-ADR (ZLAB) is Bearish.
What is the RSI signal for ZLAB stock?
ZAI LAB LTD-ADR (ZLAB) has an RSI value of 50.5704. This indicates that the stock is currently neutral.
What is the MACD signal for ZLAB stock?
The MACD indicator for ZAI LAB LTD-ADR (ZLAB) has a value of -0.0708387, indicating a bearish trend.
What is the support and resistance level for ZLAB stock?
ZAI LAB LTD-ADR (ZLAB) has a support level at 18.94 and a resistance level at 19.11. Check the full technical report for our detailed analysis of ZLAB support and resistance levels.