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CHINA SOUTHERN AIR-SPONS ADR (ZNH) Stock Technical Analysis

USA - NYSE:ZNH - US1694091091 - ADR

33.08 USD
+0.02 (+0.06%)
Last: 2/2/2023, 8:04:00 PM
Technical Rating and Analysis

6

Overall ZNH gets a technical rating of 6 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

In the last month ZNH has a been trading in the 32.22 - 36.12 range, which is quite wide. It is currently trading near the lows of this range.
Warning: ZNH has an average volume of 24556 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
ZNH is one of the better performing stocks in the Passenger Airlines industry, it outperforms 75% of 21 stocks in the same industry.
ZNH 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 ZNH is lagging the market slightly.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When comparing the yearly performance of all stocks, we notice that ZNH is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
CHINA SOUTHERN AIR-SPONS ADR / ZNH Weekly stock chart
CHINA SOUTHERN AIR-SPONS ADR / ZNH Daily stock chart
Setup Rating and Analysis

7

ZNH 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. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 33.07, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

25.26

36.12

When analyzing the support we can see 4 important areas.

  • A support zone ranging from 32.47 to 33.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 26.96 to 27.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Strong support @26.30 from a horizontal line in the daily time frame.
  • Support @25.52 from a horizontal line in the daily time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 35.53 to 35.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for ZNH is up.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for ZNH is down.
ChartMill Relative Strength83.43POSITIVEZNH has a high relative strength, it outperformed 83.43% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of ZNH is below a declining SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of ZNH is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of ZNH is above the rising SMA(200).
Relative Strength Index/RSI (14)43.96NEUTRALThe RSI value for ZNH is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.4NEGATIVEThe MACD value suggests ZNH has a negative trend, although the MACD value is rising.
Stochastics (14,3)20.09NEUTRALThe Stochastics value for ZNH is a neutral value.
Average True Range in percent/ATR (20)3.19MEDIUM VOLATILITYThe ATR as a percentage value for ZNH suggests some volalility.
Average Directional Index/ADX (14)21.41NEUTRALThe ADX value for ZNH suggests a possible start of a new trend.
Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
CHINA SOUTHERN AIR-SPONS ADR / ZNH Daily stock chart

CHINA SOUTHERN AIR-SPONS ADR

NYSE:ZNH (2/2/2023, 8:04:00 PM)

33.08

+0.02 (+0.06%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg0.06%
1 Week-5.54%
2 Weeks-5.78%
1 Month-6.05%
3 Month12.1%
6 Month21.31%
12 Month1.97%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.1
ATR(20)%3.19%
ATR Inc-64.07%
Range Today0.51
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.43
3 months CRSN/A
6 months CRSN/A
Mansfield0.99
10 Day High35.5
10 Day Low32.22
20 Day High36.12
20 Day Low32.22
52 Week High36.12
52 Week Low23.5
CS1 End33.07
CR1 Start35.53
Volume & EV
DER(3)1.21%
DER(5)0.36%
Volume20.00K
Volume Incr-5.05%
Vol(5)34.12K
Vol(50)24.56K

CHINA SOUTHERN AIR-SPONS ADR / ZNH FAQ

Can you provide the ChartMill technical rating for CHINA SOUTHERN AIR-SPONS ADR?

ChartMill assigns a technical rating of 5 / 10 to ZNH.


Can you provide the trend direction for CHINA SOUTHERN AIR-SPONS ADR?

The current trend direction for CHINA SOUTHERN AIR-SPONS ADR (ZNH) is Bullish.


Can you provide the RSI signal for CHINA SOUTHERN AIR-SPONS ADR?

CHINA SOUTHERN AIR-SPONS ADR (ZNH) has an RSI value of 43.9591. This indicates that the stock is currently neutral.


What is the buy/sell signal for CHINA SOUTHERN AIR-SPONS ADR (ZNH) stock?

The buy/sell signal for CHINA SOUTHERN AIR-SPONS ADR (ZNH) is hold as the short term and long term trends are mixed.


What are the support and resistance levels for CHINA SOUTHERN AIR-SPONS ADR (ZNH) stock?

CHINA SOUTHERN AIR-SPONS ADR (ZNH) has a support level at 33.07 and a resistance level at 35.53. Check the full technical report for our detailed analysis of ZNH support and resistance levels.