Zai Lab Ltd Stock Analysis
Technical stock analysis for 22 January 2019
No changes to the price of Zai Lab Ltd in the last trading day. The price has risen in 6 of the last 10 days and is up by 15.04% over the past 2 weeks.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the ZLAB stock was $26.00.
During day the stock fluctuated 0.00% from a day low at $26.00 to a day high of $26.00.
30 day high of the ZLAB stock price was $26.96 and low was $20.22.
90 day high was $26.96 and low was $15.18.
52 week high for the Zai Lab Ltd - $27.34 and low - $14.29.
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 55.29% during the next 3 months and, with 90% probability hold a price between $36.78 and $45.07 at the end of this period.
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 $25.58 and $22.52. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday January 18, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 67 and the stock is currently not being overbought or oversold
Support & Resistance
Zai Lab Ltd finds support from accumulated volume at $24.72.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 4.01%.
Our recommended stoploss: $24.53 (-5.66%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 1 days ago.)
Very Low Low Medium High Very High
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. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.
|ZLAB $26.00 $0.00(0.00%)|
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