ZOOZ Technical Analysis - ZOOZ POWER LTD

Technical Rating and Analysis

Taking everything into account, ZOOZ scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ZOOZ is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

ZOOZ is one of the better performing stocks in the Electrical Equipment industry, it outperforms 87% of 92 stocks in the same industry.

ZOOZ has an average volume of 1564960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, ZOOZ did better than 96% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

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.

In the last month ZOOZ has a been trading in the 1.52 - 2.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

ZOOZ POWER LTD / ZOOZ Weekly stock chart

Setup Rating and Analysis

Although ZOOZ has an excellent technical rating, it does not offer a high 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

1.89

2.78

When analyzing the support we can see 2 important areas.

Support @2.15 from a trend line in the daily time frame.
Support @1.91 from a trend line in the daily time frame.

2 important resistance areas can be observed.

Resistance @2.54 from a trend line in the daily time frame.
Resistance @2.75 from a horizontal line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	UP	POSITIVE	The long term trend for ZOOZ is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ZOOZ is up.
ChartMill Relative Strength	96.15	POSITIVE	ZOOZ has a high relative strength, it outperformed 96.15% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ZOOZ is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ZOOZ is above the rising 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)	61.01	NEUTRAL	The RSI value for ZOOZ is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.05	POSITIVE	The MACD value suggests ZOOZ has a positive trend.
Stochastics (14,3)	65.67	NEUTRAL	The Stochastics value for ZOOZ is a neutral value.
Average True Range in percent/ATR (20)	10.87	HIGH VOLATILITY	The high ATR as a percentage value for ZOOZ suggests high volalility.
Average Directional Index/ADX (14)	38.04	POSITIVE	The high ADX value value for ZOOZ suggests a strong trend.