Zion Oil & Gas Inc (ZN) Technical Analysis
NASDAQ:ZN
Current stock price
ZN Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to ZN. ZN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 82% of all other stocks performed better in the past year than ZN.
- ZN 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 ZN has a been trading in the 0.21 - 0.52 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- ZN has an average volume of 9614480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
ZN Weekly and Daily overview Charts
ZN Setup Rating and Analysis
The technical rating of ZN is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
ZN Support and Resistance Analysis
0.19
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.21 to 0.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.19 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @0.42 from a trend line in the weekly time frame.
ZN 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 ZN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ZN is down. |
| ChartMill Relative Strength | 18.54 | NEGATIVE | ZN has a low relative strength, it was outperformed by 81.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ZN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ZN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ZN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.63 | NEUTRAL | The RSI value for ZN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ZN has a negative trend. |
| Stochastics (14,3) | 5.27 | OVERSOLD | The low Stochastics value suggests ZN may be oversold. |
| Average True Range in percent/ATR (20) | 19.2 | HIGH VOLATILITY | The high ATR as a percentage value for ZN suggests high volalility. |
ZN Chart- and CandleStick Pattern Analysis
ZN Technicals: Chart, Performance Metrics, Trend & Indicators
0.232
-0.08 (-25.55%)
Zion Oil & Gas Inc / ZN TA FAQ
Can you provide the ChartMill technical rating for Zion Oil & Gas Inc?
ChartMill assigns a technical rating of 0 / 10 to ZN.
What is the trend direction for ZN stock?
The current trend direction for Zion Oil & Gas Inc (ZN) is Bearish.
Can you provide the RSI signal for Zion Oil & Gas Inc?
Zion Oil & Gas Inc (ZN) has an RSI value of 35.6286. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Zion Oil & Gas Inc?
The short term momentum for Zion Oil & Gas Inc (ZN) is negative.
What are the support and resistance levels for Zion Oil & Gas Inc (ZN) stock?
Zion Oil & Gas Inc (ZN) has a support level at 0.21 and a resistance level at 0.42. Check the full technical report for our detailed analysis of ZN support and resistance levels.