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.
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.
More info and screens
1.19
We found 3 important support 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.
2 important resistance areas can be observed.
- 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. |
1.3
+0.03 (+2.36%)
ZYNERBA PHARMACEUTICALS INC / ZYNE FAQ
What is the technical rating for ZYNE stock?
ChartMill assigns a technical rating of 7 / 10 to ZYNE.
Can you provide the trend direction for ZYNERBA PHARMACEUTICALS INC?
The current trend direction for ZYNERBA PHARMACEUTICALS INC (ZYNE) is Bullish.
Can you provide the RSI signal for ZYNERBA PHARMACEUTICALS INC?
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.
What is the short term momentum for ZYNE stock?
The short term momentum for ZYNERBA PHARMACEUTICALS INC (ZYNE) is positive.