ZELLUNA ASA (ZLNA.OL) Stock Technical Analysis
OSL:ZLNA - Euronext Oslo - NO0013524942 - Common Stock - Currency: NOK
We assign a technical rating of 4 out of 10 to ZLNA. ZLNA performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
ZLNA has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 14.09. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.80, a Stop Loss order could be placed below this zone.
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12.52
When analyzing the support we notice one important area.
- A support zone ranging from 12.65 to 12.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 14.09 to 14.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 ZLNA.OL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ZLNA.OL is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | ZLNA.OL has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ZLNA.OL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ZLNA.OL is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 50.38 | NEUTRAL | The RSI value for ZLNA.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ZLNA.OL has a negative trend. |
| Stochastics (14,3) | 62.41 | NEUTRAL | The Stochastics value for ZLNA.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.03 | HIGH VOLATILITY | The high ATR as a percentage value for ZLNA.OL suggests high volalility. |
| Average Directional Index/ADX (14) | 30.82 | POSITIVE | The high ADX value value for ZLNA.OL suggests a strong trend. |
OSL:ZLNA (6/19/2025, 7:00:00 PM)
13.012
-0.66 (-4.81%)