ZYNERBA PHARMACEUTICALS INC (ZYNE) Stock Technical Analysis
NASDAQ:ZYNE - Nasdaq - US98986X1090 - Common Stock - Currency: USD
Taking everything into account, ZYNE scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, ZYNE 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!
ZYNE is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 99% of 193 stocks in the same industry.
ZYNE 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.
ZYNE has an average volume of 1300830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, ZYNE did better than 99% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month ZYNE has a been trading in the 1.19 - 1.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although ZYNE has an excellent technical rating, it does not offer a high quality setup 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
1.19
1.40
When analyzing the support we can see 3 important areas.
- Support @1.30 from a trend line in the daily time frame.
- A support zone ranging from 1.27 to 1.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.20 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @1.35 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1.39 to 1.39. 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 ZYNE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZYNE is up. |
| ChartMill Relative Strength | 99.66 | POSITIVE | ZYNE has a high relative strength, it outperformed 99.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ZYNE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ZYNE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ZYNE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.66 | NEUTRAL | The RSI value for ZYNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ZYNE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.34 | NEUTRAL | The Stochastics value for ZYNE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.62 | MEDIUM VOLATILITY | The ATR as a percentage value for ZYNE suggests some volalility. |
| Average Directional Index/ADX (14) | 44.95 | POSITIVE | The high ADX value value for ZYNE 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)
1.3
+0.03 (+2.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg2.36%
1 Week3.17%
2 Weeks1.56%
1 Month-1.52%
3 Month282.24%
6 Month217.15%
12 Month89.61%
2 Year-66.06%
3 Year-62.1%
5 Year-75.29%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%3.62%
ATR Inc49.08%
Range Today0.08
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.66
Mansfield10.19
10 Day High1.34
10 Day Low1.19
20 Day High1.4
20 Day Low1.19
52 Week High1.4
52 Week Low0.25
CS1 End1.3
CR1 Start1.35
Volume & EV
DER(3)6.65%
DER(5)-2.15%
Volume862.70K
Volume Incr-6.16%
Vol(5)921.98K
Vol(50)1.30M