Biosenta Inc (ZRO.CA) Stock Technical Analysis
Canada - CNSX:ZRO -
We assign a technical rating of 3 out of 10 to ZRO. Although ZRO is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of ZRO is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.41
When analyzing the support we can see 2 important areas.
- Support @0.42 from a trend line in the daily time frame.
- Support @0.41 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 0.73 to 0.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for ZRO.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ZRO.CA is down. |
| ChartMill Relative Strength | 99.66 | POSITIVE | ZRO.CA has a high relative strength, it outperformed 99.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ZRO.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ZRO.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ZRO.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.71 | NEUTRAL | The RSI value for ZRO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ZRO.CA has a negative trend. |
| Average True Range in percent/ATR (20) | 7.54 | HIGH VOLATILITY | The high ATR as a percentage value for ZRO.CA suggests high volalility. |
CNSX:ZRO (4/8/2021, 3:43:34 PM)
0.65
-0.09 (-12.16%)
Biosenta Inc / ZRO.CA FAQ
Can you provide the ChartMill technical rating for Biosenta Inc?
ChartMill assigns a technical rating of 2 / 10 to ZRO.CA.
What is the trend direction for ZRO stock?
The current trend direction for Biosenta Inc (ZRO.CA) is Bearish.
What is the RSI signal for Biosenta Inc (ZRO.CA) stock?
Biosenta Inc (ZRO.CA) has an RSI value of 34.7117. This indicates that the stock is currently neutral.
What is the buy/sell signal for Biosenta Inc (ZRO.CA) stock?
The buy/sell signal for Biosenta Inc (ZRO.CA) is sell as both the short term and long term trends are negative.
What is the support and resistance level for ZRO stock?
Biosenta Inc (ZRO.CA) has a support level at 0.42 and a resistance level at 0.73. Check the full technical report for our detailed analysis of ZRO.CA support and resistance levels.