Biosenta Inc (ZRO.CA) Technical Analysis
CNSX:ZRO
Current stock price
ZRO.CA Technical Rating and Analysis
Overall ZRO gets a technical rating of 3 out of 10. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- ZRO 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 ZRO has a been trading in the 0.65 - 1.01 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.
- Warning: ZRO has an average volume of 12227 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Looking at the yearly performance, ZRO did better than 99% of all other stocks.
- Considerably lower volume is observed in the last couple of days.
ZRO.CA Weekly and Daily overview Charts
ZRO.CA Setup Rating and Analysis
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
ZRO.CA Support and Resistance Analysis
0.41
2 important support areas can be observed.
- 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.
ZRO.CA 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 | 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. |
ZRO.CA Chart- and CandleStick Pattern Analysis
ZRO.CA Technicals: Chart, Performance Metrics, Trend & Indicators
CNSX:ZRO (4/8/2021, 3:43:34 PM)
0.65
-0.09 (-12.16%)
Biosenta Inc / ZRO.CA TA 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 current trend direction of Biosenta Inc (ZRO.CA) stock?
The current trend direction for Biosenta Inc (ZRO.CA) is Bearish.
Can you provide the RSI signal for Biosenta Inc?
Biosenta Inc (ZRO.CA) has an RSI value of 34.7117. This indicates that the stock is currently neutral.
What is the short term momentum for Biosenta Inc (ZRO.CA) stock?
The short term momentum for Biosenta Inc (ZRO.CA) is negative.
Can you provide the buy/sell signal for Biosenta Inc?
The buy/sell signal for Biosenta Inc (ZRO.CA) is sell as both the short term and long term trends are negative.