ZOMEDICA CORP. - 1H - Technical analysis published on 01/26/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 0.980 USD
My targets
1.138 USD (+11.52%)
1.150 USD (+12.75%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ZOMEDICA CORP. as long as the price remains well above 0.980 USD. The buyers” bullish objective is set at 1.138 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.150 USD. If there is any crossing, the next objective would be the resistance located at 1.300 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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This analysis was given by osborncomp. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ZOMEDICA CORP. rating is 1.020 USD. The price has increased by +6.70% since the last closing with the lowest point at 1.000 USD and the highest point at 1.090 USD. The deviation from the price is +2.00% for the low point and -6.42% for the high point.1.000
1.090
1.020
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of ZOMEDICA CORP. in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.280 | 0.600 | 0.980 | 1.020 | 1.150 | 1.300 | 1.480 |
| Change (%) | -72.55% | -41.18% | -3.92% | - | +12.75% | +27.45% | +45.10% |
| Change | -0.740 | -0.420 | -0.040 | - | +0.130 | +0.280 | +0.460 |
| Level | Major | Intermediate | Major | - | Major | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.818 | 0.859 | 0.908 | 0.949 | 0.998 | 1.039 | 1.088 |
| Camarilla | 0.931 | 0.940 | 0.948 | 0.956 | 0.964 | 0.973 | 0.981 |
| Woodie | 0.821 | 0.861 | 0.911 | 0.951 | 1.001 | 1.041 | 1.091 |
| Fibonacci | 0.859 | 0.893 | 0.914 | 0.949 | 0.983 | 1.004 | 1.039 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.538 | 0.719 | 0.838 | 1.019 | 1.138 | 1.319 | 1.438 |
| Camarilla | 0.874 | 0.901 | 0.929 | 0.956 | 0.984 | 1.011 | 1.039 |
| Woodie | 0.506 | 0.703 | 0.806 | 1.003 | 1.106 | 1.303 | 1.406 |
| Fibonacci | 0.719 | 0.833 | 0.904 | 1.019 | 1.133 | 1.204 | 1.319 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.043 | 0.097 | 0.164 | 0.217 | 0.284 | 0.338 | 0.405 |
| Camarilla | 0.197 | 0.209 | 0.220 | 0.231 | 0.242 | 0.253 | 0.264 |
| Woodie | 0.050 | 0.100 | 0.170 | 0.221 | 0.291 | 0.341 | 0.412 |
| Fibonacci | 0.097 | 0.143 | 0.171 | 0.217 | 0.263 | 0.292 | 0.338 |
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): | 54.46 | |
| MACD (12,26,9): | 0.0020 | |
| Directional Movement: | 6.359 | |
| AROON (14): | 50.000 | |
| DEMA (21): | 1.002 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.843 | |
| Elder Ray (13): | 0.012 | |
| Super Trend (3,10): | 0.936 | |
| Zig ZAG (10): | 1.020 | |
| VORTEX (21): | 0.8880 | |
| Stochastique (14,3,5): | 61.40 | |
| TEMA (21): | 0.999 | |
| Williams %R (14): | -36.84 | |
| Chande Momentum Oscillator (20): | 0.056 | |
| Repulse (5,40,3): | -0.2410 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1070 | |
| Courbe Coppock: | 3.16 |
| MA7: | 1.009 | |
| MA20: | 0.677 | |
| MA50: | 0.364 | |
| MA100: | 0.227 | |
| MAexp7: | 1.010 | |
| MAexp20: | 1.002 | |
| MAexp50: | 0.974 | |
| MAexp100: | 0.846 | |
| Price / MA7: | +1.09% | |
| Price / MA20: | +50.66% | |
| Price / MA50: | +180.22% | |
| Price / MA100: | +349.34% | |
| Price / MAexp7: | +0.99% | |
| Price / MAexp20: | +1.80% | |
| Price / MAexp50: | +4.72% | |
| Price / MAexp100: | +20.57% |
Quotes :
2021-01-25 20:59:59
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15 min delayed data
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NYSE MKT Stocks
News
Don"t forget to follow the news on ZOMEDICA CORP.. At the time of publication of this analysis, the latest news was as follows:
- Zomedica Signs TRUFORMA™ Distribution Agreement With Miller Veterinary Supply
- Zomedica CEO Issues Shareholder Letter as TRUFORMA™ Nears Commercialization
- Zomedica Appoints Robert Cohen CEO as Company Nears Commercialization of TRUFORMA™
- Zomedica to Remain Domiciled in Canada
- Zomedica Completes Internal “Launch Team” for Upcoming TRUFORMA™ Commercialization
This member declared not having a position on this financial instrument or a related financial instrument.
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