ZYMERGEN INC (ZY) Stock Technical Analysis
NASDAQ:ZY - US98985X1000 - Common Stock
2.43 USD
+0.04 (+1.67%)
We assign a technical rating of 1 out of 10 to ZY. ZY's overall performance in the market is below average. Also 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.
74% of all other stocks performed better in the past year than ZY.
ZY is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month ZY has a been trading in the 2.30 - 3.15 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
ZY has an average volume of 1013780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ZY is part of the Chemicals industry. There are 83 other stocks in this industry, ZY did better than 48% of them.
ZY has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
2.16
3.27
When analyzing the support we can see 2 important areas.
- Support @2.34 from a horizontal line in the weekly time frame.
- Support @2.18 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- 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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NASDAQ:ZY (10/18/2022, 8:22:57 PM)
2.43
+0.04 (+1.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg1.67%
1 Week-8.65%
2 Weeks-22.61%
1 Month-6.18%
3 Month21.5%
6 Month36.52%
12 Month-76.75%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%10.83%
ATR Inc-32.79%
Range Today0.25
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.62
Mansfield-2.55
10 Day High3.06
10 Day Low2.3
20 Day High3.15
20 Day Low2.3
52 Week High11.87
52 Week Low1.1
CS1 End2.34
CR1 Start2.62
Volume & EV
DER(3)-1.6%
DER(5)-0.51%
Volume2.37M
Volume Incr-14.69%
Vol(5)904.34K
Vol(50)1.01M