ZYMEWORKS INC (ZYME) Technical Analysis
NASDAQ:ZYME • US98985Y1082
Current stock price
ZYME Technical Rating and Analysis
Taking everything into account, ZYME scores 10 out of 10 in our technical rating. 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.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, ZYME did better than 93% of all other stocks. We also observe that the gains produced by ZYME over the past year are nicely spread over this period.
- ZYME is part of the Biotechnology industry. There are 515 other stocks in this industry. ZYME outperforms 81% of them.
- ZYME is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ZYME has a been trading in the 24.57 - 29.75 range, which is quite wide. It is currently trading near the high of this range.
ZYME Weekly and Daily overview Charts
ZYME Setup Rating and Analysis
ZYME has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. 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
ZYME Support and Resistance Analysis
22.09
3 important support areas can be observed.
- A support zone ranging from 27.08 to 27.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @24.51 from a trend line in the daily time frame.
- Support @22.31 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important 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 | 93.65 | POSITIVE | ZYME has a high relative strength, it outperformed 93.65% 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) | 59.14 | NEUTRAL | The RSI value for ZYME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ZYME has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.39 | NEUTRAL | The Stochastics value for ZYME is a neutral value. |
| 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) | 31.55 | 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 | 27.07 | 1.50 (5.25%) | 19.05% |
| An entry @28.57. This is a Buy Stop order right above the resistance zone. | An exit @27.07. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.50 points, which is 5.25%. | For a 1.00% total portfolio risk, you can invest 19.05% of your capital in this trade. |
- 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
27.94
-0.62 (-2.17%)
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 59.144. 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 27.43 and a resistance level at 28.56. Check the full technical report for our detailed analysis of ZYME support and resistance levels.