X-SQUARE MUNICIPAL INCOME ET (ZTAX) Stock Technical Analysis
NYSEARCA:ZTAX - NYSE Arca - US98422R1041 - ETF - Currency: USD
Taking everything into account, ZTAX scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. ZTAX was also a bad performer in the overall market in the last year.
66% of all other stocks performed better in the past year than ZTAX.
ZTAX is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ZTAX is lagging the market.
Warning: ZTAX has an average volume of 1524 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
In the last month ZTAX has a been trading in the 24.31 - 26.50 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.
Although the technical rating is bad, ZTAX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 25.30, a Stop Loss order could be placed below this zone.
More info and screens
23.58
27.47
When analyzing the support we can see 2 important areas.
- A support zone ranging from 24.61 to 25.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.82 to 24.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 25.34 to 25.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.35 from a horizontal line in the daily time frame.
- Resistance @27.20 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for ZTAX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ZTAX is neutral. |
| ChartMill Relative Strength | 34.53 | NEUTRAL | ZTAX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ZTAX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ZTAX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ZTAX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.85 | NEUTRAL | The RSI value for ZTAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ZTAX has a positive trend. |
| Stochastics (14,3) | 33.18 | NEUTRAL | The Stochastics value for ZTAX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for ZTAX suggests low volalility. |
| Average Directional Index/ADX (14) | 14.36 | NEGATIVE | The low ADX value for ZTAX suggests a weak or negative trend. |
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)
NYSEARCA:ZTAX (6/13/2025, 8:04:00 PM)
25.33
+0.55 (+2.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.22%
1 Week1.52%
2 Weeks3.6%
1 Month1.32%
3 Month-0.28%
6 Month-4.32%
12 Month-4.42%
2 Year-1.82%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.56
ATR(20)%1.96%
ATR Inc-25.52%
Range Today0.31
ADR(20)0.41
ADR(20)%1.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.53
Mansfield-0.71
10 Day High26.5
10 Day Low24.34
20 Day High26.5
20 Day Low24.31
52 Week High29.76
52 Week Low23.4
CS1 End25.3
CR1 Start25.34
Volume & EV
DER(3)-5.65%
DER(5)-1.39%
Volume600
Volume Incr22.29%
Vol(5)960
Vol(50)1.52K