Technical Analysis for ZEUS - Olympic Steel, Inc.

Grade Last Price % Change Price Change
F 43.82 0.67% 0.29
ZEUS closed up 0.67 percent on Wednesday, July 3, 2024, on 51 percent of normal volume. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
New 52 Week Low Weakness 0.00%
Oversold Stochastic Weakness 0.00%
New 52 Week Closing Low Bearish 0.67%
New 52 Week Low Weakness 0.67%
Oversold Stochastic Weakness 0.67%
Oversold Stochastic Weakness -0.93%
Volume Surge Other -2.25%
NR7 Range Contraction -2.25%
Narrow Range Bar Range Contraction -2.25%
Inside Day Range Contraction -2.25%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout about 9 hours ago
Up 1% about 10 hours ago
Fell Below Previous Day's Low about 10 hours ago
New 52 Week Low about 10 hours ago
Down 2 % 1 day ago

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Profile

Olympic Steel, Inc. Description

Olympic Steel, Inc. engages in the processing and distribution of metal products primarily in the United States, Puerto Rico, and Mexico. The company operates in two segments comprising Flat Products and Tubular and Pipe Products. The Flat Products segment distributes processed carbon, coated, aluminum and stainless flat-rolled sheet, coil, and plate products. The Tubular and Pipe Products segment distributes metal tubing, pipe, bar, valves, and fittings and fabricate pressure parts to various industrial markets. The company also provides various processing services comprising cutting-to-length, slitting, sawing, and shearing; and value-added processes of blanking, tempering, plate burning, laser cutting, precision machining, welding, fabricating, bending, and painting to process metal to specified lengths, widths, and shapes. It serves metal consuming industries, such as manufacturers and fabricators of transportation and material handling equipment, construction and farm machinery, storage tanks, environmental and energy generation equipment, automobiles, food service and electrical equipment, and military vehicles and equipment, as well as general and plate fabricators and metals service centers through direct sales force. Olympic Steel, Inc. was founded in 1954 and is headquartered in Bedford Heights, Ohio.


Classification

Sector: Basic Materials
Industry: Steel
Keywords: Steel Laser Metals Food Service Machining Welding Metal Products Storage Tank Hearing Metal Fabrication Electrical Equipment Material Handling Equipment Energy Generation Structural Steel Metal Forming Farm Machinery Plate Products Processing Services Shearing

Is ZEUS a Buy, Sell or Hold?

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

Indicators

Indicator Value
52 Week High 73.0592
52 Week Low 43.28
Average Volume 87,710
200-Day Moving Average 58.69
50-Day Moving Average 52.32
20-Day Moving Average 46.31
10-Day Moving Average 44.63
Average True Range 1.50
RSI (14) 28.06
ADX 48.73
+DI 9.27
-DI 29.43
Chandelier Exit (Long, 3 ATRs) 47.91
Chandelier Exit (Short, 3 ATRs) 47.79
Upper Bollinger Bands 50.45
Lower Bollinger Band 42.16
Percent B (%b) 0.2
BandWidth 17.90
MACD Line -2.47
MACD Signal Line -2.64
MACD Histogram 0.1767
Fundamentals Value
Market Cap 487.83 Million
Num Shares 11.1 Million
EPS 3.55
Price-to-Earnings (P/E) Ratio 12.34
Price-to-Sales 0.35
Price-to-Book 1.40
PEG Ratio 0.46
Dividend 0.47
Dividend Yield 1.07%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 45.18
Resistance 3 (R3) 45.16 44.67 44.96
Resistance 2 (R2) 44.67 44.33 44.69 44.88
Resistance 1 (R1) 44.25 44.11 44.46 44.27 44.81
Pivot Point 43.76 43.76 43.87 43.78 43.76
Support 1 (S1) 43.34 43.42 43.55 43.37 42.83
Support 2 (S2) 42.85 43.20 42.87 42.76
Support 3 (S3) 42.43 42.85 42.68
Support 4 (S4) 42.46