Technical Analysis for IZM - ICZOOM Group Inc.

Grade Last Price % Change Price Change
D 2.10 -0.47% -0.01
IZM closed down 0.47 percent on Monday, July 22, 2024, on 76 percent of normal volume. It was able to find support at its 50 day moving average.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up

Date Alert Name Type % Chg
20 DMA Support Bullish 0.00%
50 DMA Support Bullish 0.00%
Doji - Bullish? Reversal 0.00%
Overbought Stochastic Strength 0.00%
Narrow Range Bar Range Contraction -0.47%
Weak + Overbought Other -0.47%
Overbought Stochastic Strength -0.47%
Gapped Down Weakness -0.47%
50 DMA Support Bullish -0.94%
180 Bullish Setup Bullish Swing Setup -0.94%

   Recent Intraday Alerts

Alert Time
Possible Pocket Pivot about 11 hours ago
60 Minute Opening Range Breakout about 13 hours ago
10 DMA Support about 14 hours ago
20 DMA Support about 15 hours ago
Down 5% about 15 hours ago

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Profile

ICZOOM Group Inc. is primarily engaged in sales of electronic component products to customers in Hong Kong and mainland China through its B2B e-commerce trading platform. These products are primarily used by China based small and medium-sized enterprises ("SMEs") in the consumer electronic industry, Internet of Things ("IoT"), automotive electronics and industry control segments. By utilizing latest technologies, the Company's platform collects, optimizes and presents product offering information from suppliers of all sizes, all transparent and available to its SME customers to compare and select. In addition to the sales of electronic component products, the Company also provides services to customers such as temporary warehousing, logistic and shipping, and customs clearance
Classification

Sector: Technology
Industry: Electronics & Computer Distribution
Keywords: E Commerce Supply Chain Management Internet Of Things Distribution Automotive Electronics Non Store Retailing

Is IZM a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Comments

S

SuccessfulGerbil321 3 months ago

Crazy!  I am a new subscriber. I initiated short position in my small account around $50, around  two before collapse. My account was down 4%, next day it collapsed. But premarket ramp up is unbelievable!! My account is up 30% overnight. 

2 Reply
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TraderMike 3 months ago

Congrats on the trade!  And great job not panicking in the premarket that morning. 

1 Reply
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TraderMike 3 months ago

This is probably the craziest mover I've ever seen!  I've been seeing this on the Parabolic Rise scan for a few days.  I often say that getting involved in parabolic movers are like playing a game of musical chairs.  The music came to a screeching halt (no pun because as I type this the stock is halted).

Here's the daily chart:
Screenshot 2024-04-17 at 9.45.12 AM.png 89.1 KB
Talk about a rug pull -- a gap down from 50 to 6!

And here's how it's traded today on 15 minute candles.  Note that this is showing pre-market trading & it doubled within 15 minutes around 4am.  Madness! 
Screenshot 2024-04-17 at 9.45.39 AM.png 91.9 KB
This is an extreme case of what happens when a short squeeze / buying mania ends.

0 Reply

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Indicators

Indicator Value
52 Week High 52.21
52 Week Low 1.86
Average Volume 148,865
200-Day Moving Average 8.32
50-Day Moving Average 2.07
20-Day Moving Average 2.01
10-Day Moving Average 2.07
Average True Range 0.15
RSI (14) 44.13
ADX 14.79
+DI 22.60
-DI 29.28
Chandelier Exit (Long, 3 ATRs) 1.71
Chandelier Exit (Short, 3 ATRs) 2.32
Upper Bollinger Bands 2.17
Lower Bollinger Band 1.85
Percent B (%b) 0.77
BandWidth 16.06
MACD Line -0.13
MACD Signal Line -0.21
MACD Histogram 0.0867
Fundamentals Value
Market Cap 13.74 Million
Num Shares 6.54 Million
EPS 0.18
Price-to-Earnings (P/E) Ratio 11.67
Price-to-Sales 0.46
Price-to-Book 6.13
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.33
Resistance 3 (R3) 2.31 2.22 2.29
Resistance 2 (R2) 2.22 2.16 2.23 2.27
Resistance 1 (R1) 2.16 2.13 2.18 2.18 2.26
Pivot Point 2.07 2.07 2.08 2.08 2.07
Support 1 (S1) 2.01 2.01 2.03 2.03 1.94
Support 2 (S2) 1.92 1.98 1.93 1.93
Support 3 (S3) 1.86 1.92 1.91
Support 4 (S4) 1.88