ZYNERBA PHARMACEUTICALS INC (ZYNE) Technical Analysis
NASDAQ:ZYNE • US98986X1090
Current stock price
ZYNE Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to ZYNE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ZYNE is showing a nice and steady performance.
- 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 97% of 192 stocks in the same industry.
- ZYNE is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so ZYNE is leading 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.
- When comparing the yearly performance of all stocks, we notice that ZYNE is one of the better performing stocks in the market, outperforming 99% of all 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.
ZYNE Weekly and Daily overview Charts
ZYNE Setup Rating and Analysis
Although ZYNE has an excellent technical rating, it does not present a decent entry opportunity 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.
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ZYNE Support and Resistance Analysis
1.19
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.
ZYNE 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 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. |
ZYNE Chart- and CandleStick Pattern Analysis
ZYNE Technicals: Chart, Performance Metrics, Trend & Indicators
1.3
+0.03 (+2.36%)
ZYNERBA PHARMACEUTICALS INC / ZYNE TA FAQ
What is the technical rating for ZYNE stock?
ChartMill assigns a technical rating of 7 / 10 to ZYNE.
What is the trend direction for ZYNE stock?
The current trend direction for ZYNERBA PHARMACEUTICALS INC (ZYNE) is Bullish.
What is the RSI signal for ZYNE stock?
ZYNERBA PHARMACEUTICALS INC (ZYNE) has an RSI value of 58.6572. This indicates that the stock is currently neutral.
What is the MACD signal for ZYNE stock?
The MACD indicator for ZYNERBA PHARMACEUTICALS INC (ZYNE) has a value of -0.0180335, indicating a bearish trend.
Can you provide the support and resistance levels for ZYNERBA PHARMACEUTICALS INC?
ZYNERBA PHARMACEUTICALS INC (ZYNE) has a support level at 1.3 and a resistance level at 1.35. Check the full technical report for our detailed analysis of ZYNE support and resistance levels.