Overall ZTEK gets a technical rating of 1 out of 10. ZTEK's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 89% of all other stocks performed better in the past year than ZTEK.
- ZTEK is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month ZTEK has a been trading in the 0.65 - 1.09 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.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- ZTEK is part of the Health Care Equipment & Supplies industry. There are 184 other stocks in this industry, ZTEK did better than 40% of them.
ZTEK has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 0.68, a Stop Loss order could be placed below this zone.
More info and screens
0.63
We found 2 important support areas.
- A support zone ranging from 0.67 to 0.68. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 0.64 to 0.64. This zone is formed by a combination of multiple trend lines in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 0.79 to 0.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.85 from a trend line in the weekly time frame.
- Resistance @1.01 from a trend line in the daily time frame.
- Resistance @1.04 from a horizontal line 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 | NEUTRAL | NEUTRAL | The long term trend for ZTEK is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ZTEK is down. |
| ChartMill Relative Strength | 11.97 | NEGATIVE | ZTEK has a low relative strength, it was outperformed by 88.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ZTEK is below the rising 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) | DOWN | NEGATIVE | The current price of ZTEK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.86 | NEUTRAL | The RSI value for ZTEK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ZTEK has a negative trend. |
| Stochastics (14,3) | 2.57 | OVERSOLD | The low Stochastics value suggests ZTEK may be oversold. |
| Average True Range in percent/ATR (20) | 12.67 | HIGH VOLATILITY | The high ATR as a percentage value for ZTEK suggests high volalility. |
| Average Directional Index/ADX (14) | 23.89 | NEUTRAL | The ADX value for ZTEK suggests a possible start of a new trend. |
0.6852
-0.05 (-7.41%)
ZENTEK LTD / ZTEK FAQ
Can you provide the ChartMill technical rating for ZENTEK LTD?
ChartMill assigns a technical rating of 1 / 10 to ZTEK.
Can you provide the trend direction for ZENTEK LTD?
The current trend direction for ZENTEK LTD (ZTEK) is Bearish.
Can you provide the RSI signal for ZENTEK LTD?
ZENTEK LTD (ZTEK) has an RSI value of 38.8635. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ZENTEK LTD?
The MACD indicator for ZENTEK LTD (ZTEK) has a value of -0.0194857, indicating a bearish trend.
What is the short term momentum for ZTEK stock?
The short term momentum for ZENTEK LTD (ZTEK) is negative.