ZOOZ Technical Analysis - ZOOZ POWER LTD

Technical Rating and Analysis

Overall ZOOZ gets a technical rating of 5 out of 10. In the last year, ZOOZ was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.

In the last month ZOOZ has a been trading in the 1.84 - 5.06 range, which is quite wide. It is currently trading near the lows of this range.

ZOOZ has an average volume of 1779570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!

Looking at the yearly performance, ZOOZ did better than 89% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

ZOOZ is part of the Electrical Equipment industry. There are 92 other stocks in this industry, ZOOZ did better than 64% of them.

ZOOZ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ZOOZ is lagging the market.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ZOOZ POWER LTD / ZOOZ Weekly stock chart

Setup Rating and Analysis

ZOOZ 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. There is a support zone below the current price at 2.02, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.84

2.30

When analyzing the support we can see 2 important areas.

A support zone ranging from 1.98 to 2.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @1.86 from a horizontal line in the daily time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 2.20 to 2.20. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @2.28 from a trend line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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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 ZOOZ is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ZOOZ is neutral.
ChartMill Relative Strength	89.79	POSITIVE	ZOOZ has a high relative strength, it outperformed 89.79% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ZOOZ is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of ZOOZ is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of ZOOZ is above a declining SMA(200).
Relative Strength Index/RSI (14)	48.13	NEUTRAL	The RSI value for ZOOZ is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests ZOOZ has a negative trend.
Stochastics (14,3)	6.58	OVERSOLD	The low Stochastics value suggests ZOOZ may be oversold.
Average True Range in percent/ATR (20)	21.28	HIGH VOLATILITY	The high ATR as a percentage value for ZOOZ suggests high volalility.
Average Directional Index/ADX (14)	46.22	POSITIVE	The high ADX value value for ZOOZ suggests a strong trend.