Today ZLAB ranks # as BUY CANDIDATE.
Today ZLAB ranks # as BUY CANDIDATE.

ZLAB stock Zai Lab Ltd

ZLAB stock
Zai Lab Ltd

22 January 2019
Change 0.00%
Chart period: 2018-10-23 - 2019-01-22
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy
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Zai Lab Ltd Stock Analysis

Technical stock analysis for 22 January 2019

Buy candidate since 2019-01-04 Gain 18.18%
Shorts n/a
Cash n/a
Loans n/a
Beta 1.10
ROA -42.87

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.

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 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.

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Signals

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.

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Relative Strength Index (RSI)

RSI14 is 67 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 $24.72.

Support: $24.72 Price: $26.00 Resistance: $26.08

Risk

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.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

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.

Today ZLAB ranks # as BUY CANDIDATE.
Today ZLAB ranks # as BUY CANDIDATE.