CHINA ZENIX AUTO INTL LTD (ZX) Stock Technical Analysis
NYSE:ZX - New York Stock Exchange, Inc. - US16951E1047
Taking everything into account, ZX scores 4 out of 10 in our technical rating. In the last year, ZX was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
Although the technical rating is only medium, ZX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 1.36, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ZX 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
1.09
When analyzing the support we can see 4 important areas.
- A support zone ranging from 1.33 to 1.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.30 from a horizontal line in the weekly time frame.
- Support @1.26 from a horizontal line in the daily time frame.
- Support @1.10 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.45 to 1.50. 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 | NEUTRAL | NEUTRAL | The long term trend for ZX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ZX is neutral. |
| ChartMill Relative Strength | 32.74 | NEUTRAL | ZX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ZX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ZX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ZX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.78 | NEUTRAL | The RSI value for ZX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ZX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.41 | NEUTRAL | The Stochastics value for ZX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.36 | HIGH VOLATILITY | The high ATR as a percentage value for ZX suggests high volalility. |
NYSE:ZX (6/13/2018, 8:04:05 PM)
1.38
+0.03 (+2.22%)