ZENTEK LTD (ZTEK) Technical Analysis
NASDAQ:ZTEK • CA98942X1024
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.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, ZTEK is a bad performer in the overall market: 85% of all stocks are doing better.
- ZTEK is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ZTEK is lagging the market.
- 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.
- ZTEK is part of the Health Care Equipment & Supplies industry. There are 184 other stocks in this industry, ZTEK did better than 41% of them.
- In the last month ZTEK has a been trading in the 0.54 - 0.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ZTEK has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.66. Right above this resistance zone may be a good entry point.
More info and screens
0.55
When analyzing the support we notice one important area.
- Support @0.56 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 0.66 to 0.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.80 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for ZTEK is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ZTEK is neutral. |
| ChartMill Relative Strength | 15.21 | NEGATIVE | ZTEK has a low relative strength, it was outperformed by 84.79% 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 | 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) | 50.83 | NEUTRAL | The RSI value for ZTEK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ZTEK has a positive trend. |
| Stochastics (14,3) | 76.75 | NEUTRAL | The Stochastics value for ZTEK is a neutral value. |
| Average True Range in percent/ATR (20) | 8.45 | HIGH VOLATILITY | The high ATR as a percentage value for ZTEK suggests high volalility. |
| Average Directional Index/ADX (14) | 15.44 | NEGATIVE | The low ADX value for ZTEK suggests a weak or negative trend. |
ZTEK Technicals: Chart, Performance Metrics, Trend & Indicators
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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 50.8337. 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 0.0132066, indicating a bearish trend.
What is the short term momentum for ZTEK stock?
The short term momentum for ZENTEK LTD (ZTEK) is neutral.