ZVIA Technical Analysis - ZEVIA PBC-A

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to ZVIA. Although ZVIA is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

In the last month ZVIA has a been trading in the 2.28 - 2.81 range, which is quite wide. It is currently trading near the lows of this range.

ZVIA is part of the Beverages industry. There are 33 other stocks in this industry. ZVIA outperforms 90% of them.

When comparing the yearly performance of all stocks, we notice that ZVIA is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.

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

Volume is considerably higher in the last couple of days.

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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 ZVIA 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

2.33

3.68

We can see 5 important resistance areas.

A resistance zone ranging from 2.35 to 2.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 2.63 to 2.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @2.88 from a trend line in the weekly time frame.
Resistance @3.02 from a trend line in the daily time frame.
Resistance @3.64 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	DOWN	NEGATIVE	The long term trend for ZVIA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ZVIA is down.
ChartMill Relative Strength	90.37	POSITIVE	ZVIA has a high relative strength, it outperformed 90.37% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ZVIA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ZVIA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ZVIA is below a declining SMA(200).
Relative Strength Index/RSI (14)	37.5	NEUTRAL	The RSI value for ZVIA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests ZVIA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	25.16	NEUTRAL	The Stochastics value for ZVIA is a neutral value.
Average True Range in percent/ATR (20)	6.05	HIGH VOLATILITY	The high ATR as a percentage value for ZVIA suggests high volalility.
Average Directional Index/ADX (14)	17.62	NEGATIVE	The low ADX value for ZVIA suggests a weak or negative trend.