ZARDOYA OTIS SA (ZOT.MC) Stock Technical Analysis
BME:ZOT - Bolsa De Madrid - ES0184933812 - Common Stock
Overall ZOT gets a technical rating of 7 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.
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 ZOT is one of the better performing stocks in the market, outperforming 78% of all stocks. On top of that, ZOT also shows a nice and consistent pattern of rising prices.
ZOT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month ZOT has a been trading in a tight range between 7.03 and 7.16.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, ZOT also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 7.06, a Stop Loss order could be placed below this zone.
More info and screens
5.33
7.21
3 important support areas can be observed.
- A support zone ranging from 6.91 to 7.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.51 from a trend line in the weekly time frame.
- Support @5.38 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.06 to 7.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 ZOT.MC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZOT.MC is up. |
| ChartMill Relative Strength | 78.09 | POSITIVE | ZOT.MC has a high relative strength, it outperformed 78.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ZOT.MC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ZOT.MC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ZOT.MC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.85 | NEUTRAL | The RSI value for ZOT.MC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ZOT.MC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 26.92 | NEUTRAL | The Stochastics value for ZOT.MC is a neutral value. |
| Average True Range in percent/ATR (20) | 0.31 | LOW VOLATILITY | The low ATR as a percentage value for ZOT.MC suggests low volalility. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 7.07 | 7.03 | 0.04 (0.59%) | 25.00% |
| An entry @7.07. This is a Buy Stop order right above the 10 day moving average. | An exit @7.03. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.04 points, which is 0.59%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.15%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BME:ZOT (4/21/2022, 5:29:56 PM)
7.06
-0.01 (-0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.14%
1 Week0.14%
2 Weeks0.14%
1 Month0%
3 Month0.14%
6 Month2.1%
12 Month33.33%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%0.31%
ATR Inc4.48%
Range Today0.04
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
CRS78.09
Mansfield1.03
10 Day High7.16
10 Day Low7.04
20 Day High7.16
20 Day Low7.03
52 Week High7.16
52 Week Low5.26
CS1 End7.06
CR1 Start7.06
Volume & EV
DER(3)-1.04%
DER(5)-2.8%
Volume25.26K
Volume Incr-62.87%
Vol(5)34.97K
Vol(50)83.53K