Zymeworks Inc Forecast and Stock Analysis
Technical ZYME stock analysis for April 22, 2019.
|Shorts||5.45% ( 2019-03-29 )|
Zymeworks Inc gained 2.87% in the last trading day, rising from $16.05 to $16.51 , and has now gained 3 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 been going up and down for this period, and there has been a 3.38% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 295 672 more shares were traded than the day before. In total, 438 355 shares bought and sold for approximately $7.24 million.
Close price at the end of the last trading day (Monday, 22nd Apr 2019) of the ZYME stock was $16.51. This is 2.87% more than the trading day before Thursday, 18th Apr 2019.
During day the stock fluctuated 9.86% from a day low at $15.52 to a day high of $17.05.
30 day high of the ZYME stock price was $17.05 and low was $14.44.
90 day high was $17.30 and low was $14.05.
52 week high for the Zymeworks Inc - $29.00 and low - $10.72.
Zymeworks Inc is the upper part of a wide and horizontal trend and normally this would pose a good selling opportunity, but a break-up through the top trend line at $16.78 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend you can expect Zymeworks Inc with 90% probability to be traded between $14.38 and $16.87 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Only positive signals in the chart today. Zymeworks Inc 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 $15.62 and $15.57. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday April 17, 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.
Relative Strength Index (RSI)
RSI14 is 53 and the stock is currently not being overbought or oversold
Support & Resistance
Zymeworks Inc finds support from accumulated volume at $15.93.
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 $1.53 (9.86%) between high and low. For the last week, the stock has had a daily average volatility of 6.82%.
Our recommended stoploss: $15.81 (-4.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
Very Low Low Medium High Very High
Evaluation: Strong Buy Candidate
Zymeworks Inc holds several positive signals and is considered to be a good choice at current levels. We expect the stock to perform great in the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.
|Golden Star Signal|
Get competitive edge
The signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives a very good return. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Get access to Golden Star list now
|ZYME $16.51 ($0.46 2.87%)|
ZYME is up $0.46 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for ZYME based on the 1-3 month system that more than doubles the S&P 500.
This report is free today for StockInvest.us readers.
Click here – the ZYME analysis is free »
From Our Blog
- Trading With Moving Average
- Pivot Points
- Accumulated Volume - Support and Resistance
- Volume - The Indicator You Really Need to Know
- We Give Back!
- Better Buy: Amazon vs. Facebook
- Better Buy: Apple vs. Microsoft
- Relative Strength Index (RSI)
- How to Lose Money When Trading: Part 2
- How to Lose Money When Trading: A Trader is Born
- Our 2017 Christmas Donation
- The Golden Star
- Announcing Partnership With CityFALCON
- Why correct moving average matters
- NASDAQ down -4.17%. Our portfolio is up +8.56%
- New Feature Added: Golden Star Signal
- Pick a Winner With StockInvest.us