ZYXI Technical Analysis - ZYNEX INC

Technical Rating and Analysis

Taking everything into account, ZYXI scores 1 out of 10 in our technical rating. ZYXI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

99% of all other stocks performed better in the past year than ZYXI.

ZYXI is part of the Health Care Equipment & Supplies industry. There are 191 other stocks in this industry, of which 87% are performing better than ZYXI.

ZYXI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month ZYXI has a been trading in the 1.35 - 1.62 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, ZYXI does present a nice setup opportunity. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.37

1.54

2 important resistance areas can be observed.

A resistance zone ranging from 1.42 to 1.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 1.48 to 1.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

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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	DOWN	NEGATIVE	The long term trend for ZYXI is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ZYXI is down.
ChartMill Relative Strength	1.58	NEGATIVE	ZYXI has a low relative strength, it was outperformed by 98.42% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ZYXI is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of ZYXI is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ZYXI is below a declining SMA(200).
Relative Strength Index/RSI (14)	36.33	NEUTRAL	The RSI value for ZYXI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests ZYXI has a negative trend.
Stochastics (14,3)	13.1	OVERSOLD	The low Stochastics value suggests ZYXI may be oversold.
Average True Range in percent/ATR (20)	5.61	HIGH VOLATILITY	The high ATR as a percentage value for ZYXI suggests high volalility.
Average Directional Index/ADX (14)	20.17	NEUTRAL	The ADX value for ZYXI suggests a possible start of a new trend.