ZYMEWORKS INC (ZYME) Stock Technical Analysis
USA - NASDAQ:ZYME - US98985Y1082 - Common Stock
16.36 USD
-0.17 (-1.03%)
16.36 USD
0 (0%)
We assign a technical rating of 9 out of 10 to ZYME. 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.
ZYME is one of the better performing stocks in the Biotechnology industry, it outperforms 75% of 538 stocks in the same industry.
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 13.60 - 16.73 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that ZYME is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Volume is considerably higher in the last couple of days.
ZYME has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- 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
11.78
16.80
When analyzing the support we can see 5 important areas.
- Support @14.01 from a horizontal line in the daily time frame.
- Support @13.00 from a trend line in the daily time frame.
- A support zone ranging from 12.51 to 12.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.24 from a horizontal line in the daily time frame.
- Support @11.90 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @16.63 from a horizontal line in the weekly 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 | 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 | 86.47 | POSITIVE | ZYME has a high relative strength, it outperformed 86.47% 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) | 64.33 | NEUTRAL | The RSI value for ZYME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests ZYME has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.78 | OVERBOUGHT | The high Stochastics value suggests ZYME may be overbought. |
| Average True Range in percent/ATR (20) | 3.93 | MEDIUM VOLATILITY | The ATR as a percentage value for ZYME suggests some volalility. |
| Average Directional Index/ADX (14) | 33.56 | POSITIVE | The high ADX value value for ZYME suggests a strong 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)
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 |
|---|---|---|---|
| 16.64 | 14.87 | 1.77 (10.64%) | 9.40% |
| An entry @16.64. This is a Buy Stop order right above the resistance zone. | An exit @14.87. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.77 points, which is 10.64%. | For a 1.00% total portfolio risk, you can invest 9.40% of your capital in this trade. |
- 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.
16.36
-0.17 (-1.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.03%
1 Week3.28%
2 Weeks7.42%
1 Month12.29%
3 Month31.19%
6 Month32.26%
12 Month31.72%
2 Year158.04%
3 Year166.02%
5 Year-64.88%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.68
ATR(20)%3.93%
ATR Inc-14.66%
Range Today0.34
ADR(20)0.64
ADR(20)%3.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.47
Mansfield0.95
10 Day High16.74
10 Day Low14.88
20 Day High16.74
20 Day Low13.6
52 Week High17.7
52 Week Low9.03
CS1 End14.01
CR1 Start16.63
Volume & EV
DER(3)-0.51%
DER(5)1.39%
Volume607.70K
Volume Incr75.79%
Vol(5)776.14K
Vol(50)484.21K