ZYNEX INC. - Daily - Technical analysis published on 09/17/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
28%
39%
33%
My opinion
Bullish above 7.36 USD
My targets
9.21 USD (+3.02%)
10.62 USD (+18.79%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ZYNEX INC.. As long as you are above the support located at 7.36 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 9.21 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 10.62 USD as an objective. Crossing it would then enable buyers to target 11.73 USD. If the support 7.36 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
1.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ZYNEX INC. price is 8.94 USD. The price is lower by -0.67% since the last closing with the lowest point at 8.85 USD and the highest point at 9.08 USD. The deviation from the price is +1.02% for the low point and -1.54% for the high point.8.85
9.08
8.94
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this ZYNEX INC. chart shows a bullish trend. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of triangle
Type : Bullish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.69 | 5.38 | 7.36 | 8.94 | 9.21 | 10.62 | 11.73 |
| Change (%) | -58.72% | -39.82% | -17.67% | - | +3.02% | +18.79% | +31.21% |
| Change | -5.25 | -3.56 | -1.58 | - | +0.27 | +1.68 | +2.79 |
| Level | Major | Major | Intermediate | - | Intermediate | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.20 | 8.40 | 8.70 | 8.90 | 9.20 | 9.40 | 9.70 |
| Camarilla | 8.86 | 8.91 | 8.95 | 9.00 | 9.05 | 9.09 | 9.14 |
| Woodie | 8.25 | 8.43 | 8.75 | 8.93 | 9.25 | 9.43 | 9.75 |
| Fibonacci | 8.40 | 8.59 | 8.71 | 8.90 | 9.09 | 9.21 | 9.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.89 | 7.65 | 8.32 | 9.08 | 9.75 | 10.51 | 11.18 |
| Camarilla | 8.61 | 8.74 | 8.87 | 9.00 | 9.13 | 9.26 | 9.39 |
| Woodie | 6.86 | 7.63 | 8.29 | 9.06 | 9.72 | 10.49 | 11.15 |
| Fibonacci | 7.65 | 8.19 | 8.53 | 9.08 | 9.62 | 9.96 | 10.51 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.18 | 6.09 | 7.52 | 9.43 | 10.86 | 12.77 | 14.20 |
| Camarilla | 8.02 | 8.33 | 8.63 | 8.94 | 9.25 | 9.55 | 9.86 |
| Woodie | 3.93 | 5.97 | 7.27 | 9.31 | 10.61 | 12.65 | 13.95 |
| Fibonacci | 6.09 | 7.37 | 8.16 | 9.43 | 10.71 | 11.50 | 12.77 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.41 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -4.66 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 9.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.62 | |
| Elder Ray (13): | -0.13 | |
| Super Trend (3,10): | 10.61 | |
| Zig ZAG (10): | 8.94 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 30.30 | |
| TEMA (21): | 9.03 | |
| Williams %R (14): | -62.24 | |
| Chande Momentum Oscillator (20): | 0.20 | |
| Repulse (5,40,3): | -3.9700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 6.55 |
| MA7: | 9.10 | |
| MA20: | 9.24 | |
| MA50: | 8.82 | |
| MA100: | 8.45 | |
| MAexp7: | 9.04 | |
| MAexp20: | 9.10 | |
| MAexp50: | 8.89 | |
| MAexp100: | 8.18 | |
| Price / MA7: | -1.76% | |
| Price / MA20: | -3.25% | |
| Price / MA50: | +1.36% | |
| Price / MA100: | +5.80% | |
| Price / MAexp7: | -1.11% | |
| Price / MAexp20: | -1.76% | |
| Price / MAexp50: | +0.56% | |
| Price / MAexp100: | +9.29% |
This member declared not having a position on this financial instrument or a related financial instrument.
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