ZURA Technical Analysis - ZURA BIO LTD

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to ZURA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ZURA is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

ZURA is one of the better performing stocks in the Biotechnology industry, it outperforms 86% of 536 stocks in the same industry.

In the last month ZURA has a been trading in the 1.88 - 3.63 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

When comparing the yearly performance of all stocks, we notice that ZURA is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this relatively good performance is mostly due to a recent big move.

ZURA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ZURA is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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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

Although ZURA has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.07

3.02

We found 3 important support areas.

A support zone ranging from 2.02 to 2.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @1.82 from a trend line in the daily time frame.
Support @1.08 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	UP	POSITIVE	The long term trend for ZURA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ZURA is up.
ChartMill Relative Strength	93.82	POSITIVE	ZURA has a high relative strength, it outperformed 93.82% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ZURA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ZURA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ZURA is above the rising SMA(200).
Relative Strength Index/RSI (14)	75.27	OVERBOUGHT	The high RSI value suggests ZURA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.06	POSITIVE	The MACD value suggests ZURA has a positive trend.
Stochastics (14,3)	68.29	NEUTRAL	The Stochastics value for ZURA is a neutral value.
Average True Range in percent/ATR (20)	7.4	HIGH VOLATILITY	The high ATR as a percentage value for ZURA suggests high volalility.
Average Directional Index/ADX (14)	39.41	POSITIVE	The high ADX value value for ZURA suggests a strong trend.