ZTEK Technical Analysis - ZENTEK LTD

Technical Rating and Analysis

We assign a technical rating of 3 out of 10 to ZTEK. In the past year, ZTEK was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

When comparing the yearly performance of all stocks, ZTEK is a bad performer in the overall market: 81% of all stocks are doing better.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

ZTEK is part of the Health Care Equipment & Supplies industry. There are 190 other stocks in this industry, ZTEK did better than 53% of them.

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.

In the last month ZTEK has a been trading in the 0.62 - 1.24 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.00

1.06

We found 1 important resistance area.

Resistance @1.05 from a horizontal line in the daily time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for ZTEK is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ZTEK is up.
ChartMill Relative Strength	19.18	NEGATIVE	ZTEK has a low relative strength, it was outperformed by 80.82% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ZTEK is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of ZTEK is above 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)	63.93	NEUTRAL	The RSI value for ZTEK is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests ZTEK has a positive trend.
Stochastics (14,3)	57.75	NEUTRAL	The Stochastics value for ZTEK is a neutral value.
Average True Range in percent/ATR (20)	9.66	HIGH VOLATILITY	The high ATR as a percentage value for ZTEK suggests high volalility.
Average Directional Index/ADX (14)	50.38	POSITIVE	The high ADX value value for ZTEK suggests a strong trend.