WEGROW AG (ZN2.DE) Stock Technical Analysis
FRA:ZN2 - Deutsche Boerse Ag - DE000A2LQUV1 - Common Stock - Currency: EUR
We assign a technical rating of 3 out of 10 to ZN2. ZN2 performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
The technical rating of ZN2 is bad and it also does not present a quality setup 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
5.24
We found 1 important support area.
- Support @5.29 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 5.43 to 5.46. 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 ZN2.DE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZN2.DE is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | ZN2.DE has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Relative Strength Index/RSI (14) | 39.39 | NEUTRAL | The RSI value for ZN2.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests ZN2.DE has a negative trend. |
| Stochastics (14,3) | 20.23 | NEUTRAL | The Stochastics value for ZN2.DE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for ZN2.DE suggests some volalility. |
| Average Directional Index/ADX (14) | 28.42 | POSITIVE | The high ADX value value for ZN2.DE suggests a strong trend. |
FRA:ZN2 (6/4/2025, 7:00:00 PM)
5.4
+0.05 (+0.93%)