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ZYNERBA PHARMACEUTICALS INC.
ZYNERBA PHARMACEUTICALS INC.
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: ZYNE
ISIN:

ZYNERBA PHARMACEUTICALS INC. - Daily - Technical analysis published on 09/20/2019 (GMT)

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  • Timeframe : Daily
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  • Status : LEVEL MAINTAINED

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ZYNERBA PHARMACEUTICALS INC. Chart

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 8.71 USD
My targets
5.70 USD (-30.32%)
4.65 USD (-43.15%)
My analysis
The bearish trend is currently very strong for ZYNERBA PHARMACEUTICALS INC.. As long as the price remains below the resistance at 8.71 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 5.70 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 4.65 USD as an objective. Crossing it would then enable sellers to target 2.89 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
7

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay.

Additional analysis

Quotes

ZYNERBA PHARMACEUTICALS INC. rating 8.18 USD. The price registered a decrease of -3.20% on the session with the lowest point at 7.92 USD and the highest point at 8.43 USD. The deviation from the price is +3.28% for the low point and -2.97% for the high point.

7.92
8.43
8.18

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical


Technical analysis of ZYNERBA PHARMACEUTICALS INC. in Daily shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily


Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily


Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Support of channel is broken

Type : Bearish

Timeframe : Daily



The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Black hanging man / hammer

Type : Neutral

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.89 4.65 5.70 8.18 8.71 9.78 12.43
Change (%) -64.67% -43.15% -30.32% - +6.48% +19.56% +51.96%
Change -5.29 -3.53 -2.48 - +0.53 +1.60 +4.25
Level Intermediate Minor Major - Minor Major Intermediate



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
Standard6.147.228.039.129.9311.0111.82
Camarilla8.328.498.678.849.019.199.36
Woodie6.007.157.899.059.7910.9411.68
Fibonacci7.227.958.399.129.8410.2911.01


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.2010.7011.4411.9412.6813.1813.92
Camarilla11.8511.9612.0812.1912.3012.4212.53
Woodie10.3310.7611.5712.0012.8113.2414.05
Fibonacci10.7011.1711.4611.9412.4112.7013.18


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.137.779.2310.8712.3313.9715.43
Camarilla9.8410.1210.4110.6910.9711.2611.54
Woodie6.047.739.1410.8312.2413.9315.34
Fibonacci7.778.959.6910.8712.0512.7913.97

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 28.92
MACD (12,26,9): -0.3100
Directional Movement: -27.05
AROON (14): -35.71
DEMA (21): 10.63
Parabolic SAR (0,02-0,02-0,2): 12.35
Elder Ray (13): -2.77
Super Trend (3,10): 11.11
Zig ZAG (10): 8.45
VORTEX (21): 0.8000
Stochastique (14,3,5): 29.61
TEMA (21): 10.48
Williams %R (14): -76.25
Chande Momentum Oscillator (20): -2.09
Repulse (5,40,3): -6.7900
ROCnROLL: 2
TRIX (15,9): -0.0300
Courbe Coppock: 3.31
MA7: 10.95
MA20: 11.04
MA50: 11.27
MA100: 12.20
MAexp7: 10.33
MAexp20: 10.95
MAexp50: 11.30
MAexp100: 11.01
Price / MA7: -25.30%
Price / MA20: -25.91%
Price / MA50: -27.42%
Price / MA100: -32.95%
Price / MAexp7: -20.81%
Price / MAexp20: -25.30%
Price / MAexp50: -27.61%
Price / MAexp100: -25.70%

News


Don"t forget to follow the news on ZYNERBA PHARMACEUTICALS INC.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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