ZONE Technical Analysis - CLEANCORE SOLUTIONS INC-CL B

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to ZONE. ZONE has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

ZONE 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 ZONE has a been trading in the 1.80 - 7.82 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.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

ZONE has an average volume of 1192940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

When comparing the performance of all stocks over the past year, ZONE turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.

ZONE is an average performer in the Machinery industry, it outperforms 57% of 129 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CLEANCORE SOLUTIONS INC-CL B / ZONE Weekly stock chart

CLEANCORE SOLUTIONS INC-CL B / ZONE Daily stock chart

Setup Rating and Analysis

The technical rating of ZONE 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.95

4.38

When analyzing the support we notice one important area.

A support zone ranging from 1.97 to 1.99. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

Resistance @4.34 from a horizontal line in the daily time frame.

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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 ZONE is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ZONE is down.
ChartMill Relative Strength	54.83	NEUTRAL	ZONE is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ZONE is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ZONE is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ZONE is above the rising SMA(200).
Relative Strength Index/RSI (14)	33.95	NEUTRAL	The RSI value for ZONE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.23	NEGATIVE	The MACD value suggests ZONE has a negative trend, although the MACD value is rising.
Stochastics (14,3)	5.38	OVERSOLD	The low Stochastics value suggests ZONE may be oversold.
Average True Range in percent/ATR (20)	46.34	HIGH VOLATILITY	The high ATR as a percentage value for ZONE suggests high volalility.
Average Directional Index/ADX (14)	17.32	NEGATIVE	The low ADX value for ZONE suggests a weak or negative trend.