ZAI LAB LTD-ADR (ZLAB) Stock Technical Analysis
NASDAQ:ZLAB • US98887Q1040
Overall ZLAB gets a technical rating of 3 out of 10. In the past year, ZLAB was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, ZLAB is a bad performer in the overall market: 84% of all stocks are doing better.
- ZLAB is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month ZLAB has a been trading in the 15.96 - 20.22 range, which is quite wide. It is currently trading near the high of this range.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- ZLAB is part of the Biotechnology industry. There are 522 other stocks in this industry, ZLAB did better than 40% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of ZLAB is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
17.78
When analyzing the support we notice one important area.
- A support zone ranging from 17.96 to 18.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 20.04 to 20.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @25.14 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 | UP | POSITIVE | The short term trend for ZLAB is up. |
| ChartMill Relative Strength | 16.74 | NEGATIVE | ZLAB has a low relative strength, it was outperformed by 83.26% 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) | DOWN | NEGATIVE | The current price of ZLAB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.49 | NEUTRAL | The RSI value for ZLAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests ZLAB has a positive trend. |
| Stochastics (14,3) | 80.36 | OVERBOUGHT | The high Stochastics value suggests ZLAB may be overbought. |
| 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) | 20.15 | NEUTRAL | The ADX value for ZLAB suggests a possible start of a new trend. |
20.03
+1.26 (+6.71%)
ZAI LAB LTD-ADR / ZLAB FAQ
Can you provide the ChartMill technical rating for ZAI LAB LTD-ADR?
ChartMill assigns a technical rating of 3 / 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 63.4944. 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 0.334509, indicating a bearish trend.
What is the support and resistance level for ZLAB stock?
ZAI LAB LTD-ADR (ZLAB) has a support level at 18.15 and a resistance level at 20.04. Check the full technical report for our detailed analysis of ZLAB support and resistance levels.