ZYVERSA THERAPEUTICS INC (ZVSA) Stock Technical Analysis
NASDAQ:ZVSA - Nasdaq - US98987D3008 - Common Stock - Currency: USD
Overall ZVSA gets a technical rating of 3 out of 10. In the past year, ZVSA 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.
Although the technical rating is bad, ZVSA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.72. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.64, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ZVSA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.61
We found 2 important support areas.
- Support @0.66 from a trend line in the daily time frame.
- Support @0.62 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.72 to 0.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.00 from a trend line in the daily time frame.
- Resistance @1.21 from a trend 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 ZVSA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ZVSA is neutral. |
| ChartMill Relative Strength | 4.87 | NEGATIVE | ZVSA has a low relative strength, it was outperformed by 95.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ZVSA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ZVSA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ZVSA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.2 | NEUTRAL | The RSI value for ZVSA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ZVSA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 47.46 | NEUTRAL | The Stochastics value for ZVSA is a neutral value. |
| Average True Range in percent/ATR (20) | 10.51 | HIGH VOLATILITY | The high ATR as a percentage value for ZVSA suggests high volalility. |
| Average Directional Index/ADX (14) | 42.94 | POSITIVE | The high ADX value value for ZVSA suggests a strong trend. |
0.67
-0.03 (-4.29%)