ZENTEK LTD (ZTEK) Stock Technical Analysis
NASDAQ:ZTEK - Nasdaq - CA98942X1024 - Common Stock - Currency: USD
Taking everything into account, ZTEK scores 1 out of 10 in our technical rating. ZTEK has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
ZTEK is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
When compared to the yearly performance of all other stocks, ZTEK outperforms 59% of them, which is more or less in line with the market.
ZTEK is an average performer in the Health Care Equipment & Supplies industry, it outperforms 69% of 187 stocks in the same industry.
ZTEK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ZTEK is lagging the market.
The technical rating of ZTEK is bad and it also does not present a 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
0.97
1.12
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1.06 to 1.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.98 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.09 to 1.11. 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 | DOWN | NEGATIVE | The long term trend for ZTEK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ZTEK is down. |
| ChartMill Relative Strength | 59.22 | NEUTRAL | ZTEK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ZTEK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ZTEK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ZTEK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 30.36 | NEUTRAL | The RSI value for ZTEK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ZTEK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.65 | OVERSOLD | The low Stochastics value suggests ZTEK may be oversold. |
| Average True Range in percent/ATR (20) | 8.28 | HIGH VOLATILITY | The high ATR as a percentage value for ZTEK suggests high volalility. |
| Average Directional Index/ADX (14) | 47.81 | POSITIVE | The high ADX value value for ZTEK suggests a strong 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)
1.085
+0.01 (+1.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg1.4%
1 Week-2.25%
2 Weeks-18.42%
1 Month-26.69%
3 Month9.54%
6 Month3.83%
12 Month11.86%
2 Year-31.76%
3 Year-53.23%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%8.28%
ATR Inc-53.72%
Range Today0.05
ADR(20)0.09
ADR(20)%8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.22
Mansfield-0.65
10 Day High1.34
10 Day Low1.03
20 Day High1.5
20 Day Low1.03
52 Week High1.84
52 Week Low0.5
CS1 End1.08
CR1 Start1.09
Volume & EV
DER(3)10.16%
DER(5)1.32%
Volume23.00K
Volume Incr-5%
Vol(5)31.54K
Vol(50)43.57K