We assign a technical rating of 9 out of 10 to ZYME. Both in the recent history as in the last year, ZYME has proven to be a steady performer, scoring decent points in every aspect analyzed.
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. We notice that large players showed an interest for ZYME in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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.
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We found 6 important support areas.
- Support @24.94 from a horizontal line in the daily time frame.
- A support zone ranging from 18.75 to 18.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.14 from a trend line in the daily time frame.
- Support @16.50 from a horizontal line in the daily time frame.
- Support @16.16 from a horizontal line in the daily time frame.
- Support @13.66 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 27.23 to 27.62. 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 | 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 | 95.54 | POSITIVE | ZYME has a high relative strength, it outperformed 95.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ZYME is above a declining 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) | 61.78 | NEUTRAL | The RSI value for ZYME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests ZYME has a negative trend. |
| Stochastics (14,3) | 65.08 | NEUTRAL | The Stochastics value for ZYME is a neutral value. |
| Average True Range in percent/ATR (20) | 4.26 | MEDIUM VOLATILITY | The ATR as a percentage value for ZYME suggests some volalility. |
| Average Directional Index/ADX (14) | 34.79 | POSITIVE | The high ADX value value for ZYME suggests a strong trend. |
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 |
|---|---|---|---|
| 27.63 | 24.93 | 2.70 (9.77%) | 10.23% |
| An entry @27.63. This is a Buy Stop order right above the resistance zone. | An exit @24.93. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.70 points, which is 9.77%. | When investing 10.23% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
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+0.01 (+0.04%)
ZYMEWORKS INC / ZYME FAQ
What is the ChartMill technical rating of ZYMEWORKS INC (ZYME) stock?
ChartMill assigns a technical rating of 9 / 10 to ZYME.
What is the trend direction for ZYME stock?
The current trend direction for ZYMEWORKS INC (ZYME) is Bullish.
Can you provide the RSI signal for ZYMEWORKS INC?
ZYMEWORKS INC (ZYME) has an RSI value of 61.783. This indicates that the stock is currently neutral.
What is the MACD signal for ZYMEWORKS INC (ZYME) stock?
The MACD indicator for ZYMEWORKS INC (ZYME) has a value of -0.162621, indicating a bearish trend.
What are the support and resistance levels for ZYMEWORKS INC (ZYME) stock?
ZYMEWORKS INC (ZYME) has a support level at 24.94 and a resistance level at 27.23. Check the full technical report for our detailed analysis of ZYME support and resistance levels.