ZENTEK LTD (ZTEK) Stock Technical Analysis
NASDAQ:ZTEK - Nasdaq - CA98942X1024 - Common Stock - Currency: USD
Taking everything into account, ZTEK scores 7 out of 10 in our technical rating. In the last year, ZTEK was one of the better performers, but we do observe some doubts in the very recent evolution.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
ZTEK is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 92% of 188 stocks in the same industry.
ZTEK is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ZTEK is performing more or less in line with the market.
Looking at the yearly performance, ZTEK did better than 93% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month ZTEK has a been trading in the 1.35 - 1.74 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.
Besides having an excellent technical rating, ZTEK also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.60. Right above this resistance zone may be a good entry point.
More info and screens
0.97
1.63
4 important support areas can be observed.
- Support @1.45 from a horizontal line in the daily time frame.
- Support @1.11 from a trend line in the daily time frame.
- Support @1.05 from a trend line in the daily time frame.
- Support @0.98 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 1.60 to 1.61. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for ZTEK is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ZTEK is neutral. |
| ChartMill Relative Strength | 93.68 | POSITIVE | ZTEK has a high relative strength, it outperformed 93.68% off all stocks 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) | UP | POSITIVE | The current price of ZTEK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ZTEK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.66 | NEUTRAL | The RSI value for ZTEK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ZTEK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.5 | NEUTRAL | The Stochastics value for ZTEK is a neutral value. |
| Average True Range in percent/ATR (20) | 7.59 | HIGH VOLATILITY | The high ATR as a percentage value for ZTEK suggests high volalility. |
| Average Directional Index/ADX (14) | 22.56 | NEUTRAL | The ADX value for ZTEK suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.62 | 1.44 | 0.18 (11.11%) | 9.00% |
| An entry @1.62. This is a Buy Stop order right above the resistance zone. | An exit @1.44. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.18 points, which is 11.11%. | For a 1.00% total portfolio risk, you can invest 9.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:ZTEK (6/6/2025, 8:00:02 PM)
1.49
+0.03 (+2.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg2.05%
1 Week-1.97%
2 Weeks-5.99%
1 Month-11.18%
3 Month52.06%
6 Month36.7%
12 Month36.68%
2 Year-5.1%
3 Year-17.68%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%7.59%
ATR Inc50%
Range Today0.09
ADR(20)0.11
ADR(20)%7.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.68
Mansfield3.44
10 Day High1.62
10 Day Low1.35
20 Day High1.74
20 Day Low1.35
52 Week High1.84
52 Week Low0.5
CS1 End1.45
CR1 Start1.6
Volume & EV
DER(3)-13.51%
DER(5)-12.22%
Volume34.10K
Volume Incr-43.73%
Vol(5)28.76K
Vol(50)50.63K