ZYMEWORKS INC (ZYME) Stock Technical Analysis
NASDAQ:ZYME - Nasdaq - US98985Y1082 - Common Stock - Currency: USD
Taking everything into account, ZYME scores 7 out of 10 in our technical rating. Although ZYME has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Looking at the yearly performance, ZYME did better than 86% of all other stocks.
ZYME is one of the better performing stocks in the Biotechnology industry, it outperforms 83% of 558 stocks in the same industry.
In the last month ZYME has a been trading in the 10.93 - 12.75 range, which is quite wide. It is currently trading near the high of this range.
ZYME is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ZYME is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ZYME has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
11.02
13.29
2 important support areas can be observed.
- A support zone ranging from 11.68 to 11.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 11.13 to 11.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 12.97 to 13.16. 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 | NEUTRAL | NEUTRAL | The long term trend for ZYME is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZYME is up. |
| ChartMill Relative Strength | 86.51 | POSITIVE | ZYME has a high relative strength, it outperformed 86.51% 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 | MIXED | The current price of ZYME is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.51 | NEUTRAL | The RSI value for ZYME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests ZYME has a positive trend. |
| Stochastics (14,3) | 75.26 | NEUTRAL | The Stochastics value for ZYME is a neutral value. |
| Average True Range in percent/ATR (20) | 4.95 | MEDIUM VOLATILITY | The ATR as a percentage value for ZYME suggests some volalility. |
| Average Directional Index/ADX (14) | 12.55 | NEGATIVE | The low ADX value for ZYME suggests a weak or negative 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)
12.6
+0.47 (+3.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg3.87%
1 Week10.24%
2 Weeks9.76%
1 Month11.31%
3 Month5%
6 Month-11.58%
12 Month38.92%
2 Year45.83%
3 Year137.74%
5 Year-65.07%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%4.95%
ATR Inc-0.64%
Range Today0.42
ADR(20)0.61
ADR(20)%4.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.51
Mansfield-0.27
10 Day High12.75
10 Day Low11.02
20 Day High12.75
20 Day Low10.93
52 Week High17.7
52 Week Low8.21
CS1 End12.13
CR1 Start12.97
Volume & EV
DER(3)0.87%
DER(5)1.68%
Volume362.30K
Volume Incr-30.38%
Vol(5)312.58K
Vol(50)583.52K