GROUP ELEVEN RESOURCES CORP (ZNG.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:ZNG - CA39944P1018 - Common Stock
Overall ZNG gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ZNG is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that ZNG is one of the better performing stocks in the market, outperforming 96% of all stocks. On top of that, ZNG also shows a nice and consistent pattern of rising prices.
- ZNG is one of the better performing stocks in the Metals & Mining industry, it outperforms 89% of 813 stocks in the same industry.
- ZNG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ZNG is lagging the market slightly.
- In the last month ZNG has a been trading in the 0.60 - 0.94 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ZNG has an excellent technical rating, but the quality of the setup is only medium 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
0.30
We found 2 important support areas.
- A support zone ranging from 0.72 to 0.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.30 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for ZNG.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZNG.CA is up. |
| ChartMill Relative Strength | 96.1 | POSITIVE | ZNG.CA has a high relative strength, it outperformed 96.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ZNG.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ZNG.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ZNG.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.98 | NEUTRAL | The RSI value for ZNG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ZNG.CA has a negative trend. |
| Stochastics (14,3) | 45.1 | NEUTRAL | The Stochastics value for ZNG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 8.73 | HIGH VOLATILITY | The high ATR as a percentage value for ZNG.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 64.05 | POSITIVE | The high ADX value value for ZNG.CA suggests a strong trend. |
TSX-V:ZNG (1/15/2026, 7:00:00 PM)
0.75
+0.01 (+1.35%)
GROUP ELEVEN RESOURCES CORP / ZNG.CA FAQ
Can you provide the ChartMill technical rating for GROUP ELEVEN RESOURCES CORP?
ChartMill assigns a technical rating of 10 / 10 to ZNG.CA.
Can you provide the trend direction for GROUP ELEVEN RESOURCES CORP?
The current trend direction for GROUP ELEVEN RESOURCES CORP (ZNG.CA) is Bullish.
What is the RSI signal for ZNG stock?
GROUP ELEVEN RESOURCES CORP (ZNG.CA) has an RSI value of 57.9847. This indicates that the stock is currently neutral.
What is the short term momentum for GROUP ELEVEN RESOURCES CORP (ZNG.CA) stock?
The short term momentum for GROUP ELEVEN RESOURCES CORP (ZNG.CA) is positive.
What are the support and resistance levels for GROUP ELEVEN RESOURCES CORP (ZNG.CA) stock?
GROUP ELEVEN RESOURCES CORP (ZNG.CA) has a support level at 0.74. Check the full technical report for our detailed analysis of ZNG.CA support and resistance levels.