Weaker Buy Today ZYME ranks #152 as BUY CANDIDATE. Stronger Buy
Today ZYME ranks #152 as BUY CANDIDATE.

ZYME stock Zymeworks Inc

ZYME stock
Zymeworks Inc

April 22, 2019
Change 2.87%
Chart period: 2019-01-23 - 2019-04-22
VOLUME
Buy
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will ZYME stock price go up or down on Tue, 23 Apr 2019?

Zymeworks Inc Forecast and Stock Analysis

Technical ZYME stock analysis for April 22, 2019.

Buy candidate since 2019-04-18 Gain 2.87%
Shorts 5.45% ( 2019-03-29 )
Cash n/a
Loans n/a
Beta 1.46
ROA -19.72

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.

Trend

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.

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Signals

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.

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A buy signal from a double bottom formation was found on Friday April 12, 2019 with a target of $15.86. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

RSI14 is 53 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Zymeworks Inc finds support from accumulated volume at $15.93.

Support: $15.93 Price: $16.51 Resistance: $16.65

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 $1.53 (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.)

Overall risk:

Very Low Low Medium High Very High

Weaker Buy Today ZYME ranks #152 as BUY CANDIDATE. Stronger Buy
Today ZYME ranks #152 as BUY CANDIDATE.