ZYMERGEN INC (ZY) Stock Technical Analysis
USA - NASDAQ:ZY - US98985X1000 - Common Stock
Overall ZY gets a technical rating of 1 out of 10. ZY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, ZY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
2.16
2 important support areas can be observed.
- Support @2.34 from a horizontal line in the weekly time frame.
- Support @2.18 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 2.62 to 2.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.79 from a horizontal line in the weekly time frame.
- Resistance @3.02 from a trend line in the daily time frame.
- Resistance @3.24 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 ZY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ZY is down. |
| ChartMill Relative Strength | 26.62 | NEGATIVE | ZY has a low relative strength, it was outperformed by 73.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ZY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ZY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ZY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.91 | NEUTRAL | The RSI value for ZY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ZY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.59 | OVERSOLD | The low Stochastics value suggests ZY may be oversold. |
| Average True Range in percent/ATR (20) | 10.83 | HIGH VOLATILITY | The high ATR as a percentage value for ZY suggests high volalility. |
| Average Directional Index/ADX (14) | 24.88 | NEUTRAL | The ADX value for ZY suggests a possible start of a new trend. |
NASDAQ:ZY (10/18/2022, 8:22:57 PM)
2.43
+0.04 (+1.67%)
ZYMERGEN INC / ZY FAQ
What is the technical rating for ZY stock?
ChartMill assigns a technical rating of 1 / 10 to ZY.
What is the current trend direction of ZYMERGEN INC (ZY) stock?
The current trend direction for ZYMERGEN INC (ZY) is Bearish.
Can you provide the RSI signal for ZYMERGEN INC?
ZYMERGEN INC (ZY) has an RSI value of 43.91. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ZYMERGEN INC?
The MACD indicator for ZYMERGEN INC (ZY) has a value of -0.0563268, indicating a bearish trend.
What is the buy/sell signal for ZY stock?
The buy/sell signal for ZYMERGEN INC (ZY) is sell as both the short term and long term trends are negative.