ZYMEWORKS INC (ZYME) Technical Analysis
NASDAQ:ZYME • US98985Y1082
Current stock price
ZYME Technical Rating and Analysis
Overall ZYME gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ZYME is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, ZYME did better than 93% of all other stocks. On top of that, ZYME also shows a nice and consistent pattern of rising prices.
- ZYME is part of the Biotechnology industry. There are 515 other stocks in this industry. ZYME outperforms 82% of them.
- ZYME is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ZYME is lagging the market slightly.
- In the last month ZYME has a been trading in the 25.01 - 29.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ZYME Weekly and Daily overview Charts
ZYME Setup Rating and Analysis
Besides having an excellent technical rating, ZYME also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 27.82, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
ZYME Support and Resistance Analysis
22.09
We found 3 important support areas.
- A support zone ranging from 27.22 to 27.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.58 from a trend line in the daily time frame.
- Support @22.31 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @28.56 from a horizontal line in the daily time frame.
ZYME 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 | UP | POSITIVE | The long term trend for ZYME is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZYME is up. |
| ChartMill Relative Strength | 93.78 | POSITIVE | ZYME has a high relative strength, it outperformed 93.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ZYME is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ZYME is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ZYME is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.24 | NEUTRAL | The RSI value for ZYME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ZYME has a negative trend. |
| Stochastics (14,3) | 58.16 | NEUTRAL | The Stochastics value for ZYME is a neutral value. |
| Average True Range in percent/ATR (20) | 3.94 | MEDIUM VOLATILITY | The ATR as a percentage value for ZYME suggests some volalility. |
| Average Directional Index/ADX (14) | 30.64 | POSITIVE | The high ADX value value for ZYME suggests a strong trend. |
ZYME Chart- and CandleStick Pattern Analysis
ZYME Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 28.57 | 27.21 | 1.36 (4.76%) | 21.01% |
| An entry @28.57. This is a Buy Stop order right above the resistance zone. | An exit @27.21. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.36 points, which is 4.76%. | When investing 21.01% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ZYME. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ZYME Technicals: Chart, Performance Metrics, Trend & Indicators
27.83
-0.11 (-0.39%)
ZYMEWORKS INC / ZYME TA FAQ
What is the ChartMill technical rating of ZYMEWORKS INC (ZYME) stock?
ChartMill assigns a technical rating of 10 / 10 to ZYME.
What is the current trend direction of ZYMEWORKS INC (ZYME) stock?
The current trend direction for ZYMEWORKS INC (ZYME) is Bullish.
What is the RSI signal for ZYME stock?
ZYMEWORKS INC (ZYME) has an RSI value of 58.2428. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ZYMEWORKS INC?
The short term momentum for ZYMEWORKS INC (ZYME) is positive.
Can you provide the support and resistance levels for ZYMEWORKS INC?
ZYMEWORKS INC (ZYME) has a support level at 27.82 and a resistance level at 28.56. Check the full technical report for our detailed analysis of ZYME support and resistance levels.