Weaker Buy Today ZLAB ranks #311 as BUY CANDIDATE. Stronger Buy
Today ZLAB ranks #311 as BUY CANDIDATE.

ZLAB stock Zai Lab Ltd

ZLAB stock
Zai Lab Ltd

March 19, 2019
Change 0.57%
Chart period: 2018-12-20 - 2019-03-19
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will ZLAB stock price go up or down on Thu, 21 Mar 2019?

Zai Lab Ltd Forecast and Stock Analysis

Technical ZLAB stock analysis for March 19, 2019.

Buy candidate since 2019-03-11 Gain 7.09%
Shorts n/a
Cash n/a
Loans n/a
Beta 1.21
ROA -50.42

Zai Lab Ltd gained 0.57% in the last trading day, rising from $29.90 to $30.07 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 7 of the last 10 days and is up by 5.43% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 209 432 more shares were traded than the day before. In total, 339 126 shares bought and sold for approximately $10.20 million.

Close price at the end of the last trading day (Tuesday, 19th Mar 2019) of the ZLAB stock was $30.07. This is 0.57% more than the trading day before Monday, 18th Mar 2019.

During day the stock fluctuated 4.98% from a day low at $29.51 to a day high of $30.98.

30 day high of the ZLAB stock price was $30.98 and low was $26.01.
90 day high was $33.86 and low was $20.22.
52 week high for the Zai Lab Ltd - $33.86 and low - $14.29.

Trend

Zai Lab Ltd lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 29.28% during the next 3 months and, with 90% probability hold a price between $36.56 and $45.69 at the end of this period.

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Signals

Only positive signals in the chart today. Zai Lab Ltd holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $28.83 and $28.53. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday March 08, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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A buy signal from a double bottom formation was found on Friday March 08, 2019 with a target of $28.47. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

RSI14 is 58 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Zai Lab Ltd finds support from accumulated volume at $28.82.

Support: $28.82 Price: $30.07 Resistance: $30.56

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.47 (4.98%) between high and low. For the last week, the stock has had a daily average volatility of 3.94%.

Our recommended stoploss: $28.84 (-4.08%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 7 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Strong Buy Candidate

Zai Lab Ltd holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Weaker Buy Today ZLAB ranks #311 as BUY CANDIDATE. Stronger Buy
Today ZLAB ranks #311 as BUY CANDIDATE.