Technical Analysis for ZLAB - Zai Lab Limited

Grade Last Price % Change Price Change
C 26.23 0.31% 0.08
ZLAB closed up 0.31 percent on Wednesday, November 20, 2024, on 1.44 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. It ran into resistance at its 50 day moving average. 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 Up Down Down

Date Alert Name Type % Chg
50 DMA Resistance Bearish 0.00%
MACD Bearish Centerline Cross Bearish 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
50 DMA Resistance Bearish 0.31%
NR7 Range Contraction 0.31%
Lower Bollinger Band Walk Weakness 0.31%
Inside Day Range Contraction 0.31%

   Recent Intraday Alerts

Alert Time
50 DMA Support about 22 hours ago
Rose Above 50 DMA about 22 hours ago
Up 1% about 22 hours ago
Possible NR7 1 day ago
Possible Inside Day 1 day ago

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Profile

Zai Lab Ltd, incorporated on March 28, 2017, is a biopharmaceutical company. The Company is focused on discovering or licensing, developing and commercializing proprietary therapeutics that address areas of large unmet medical need in the China market, including in the fields of oncology, autoimmune and infectious diseases. The Company has a broad pipeline of proprietary drug candidates that range from discovery stage to late-stage clinical programs. These include three drug candidates with greater China rights and three drug candidates with global rights. The greater China rights drug candidates include Niraparib (ZL-2306), Omadacycline (ZL-2401) and ZL-2301. The global rights drug candidates include Fugan (ZL-3101), ZL-2302 and ZL-1101.
Classification

Sector: Healthcare
Industry: Biotechnology
Keywords: Biopharmaceutical Natural Sciences Infectious Diseases Medication Chemical Substances Autoimmune And Infectious Diseases

Is ZLAB 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 36.6
52 Week Low 13.48
Average Volume 920,526
200-Day Moving Average 20.21
50-Day Moving Average 26.38
20-Day Moving Average 29.79
10-Day Moving Average 28.27
Average True Range 1.79
RSI (14) 42.53
ADX 32.21
+DI 24.64
-DI 33.93
Chandelier Exit (Long, 3 ATRs) 31.24
Chandelier Exit (Short, 3 ATRs) 30.24
Upper Bollinger Bands 34.30
Lower Bollinger Band 25.29
Percent B (%b) 0.1
BandWidth 30.24
MACD Line -0.12
MACD Signal Line 0.71
MACD Histogram -0.8302
Fundamentals Value
Market Cap 2.59 Billion
Num Shares 98.7 Million
EPS -3.10
Price-to-Earnings (P/E) Ratio -8.46
Price-to-Sales 7.25
Price-to-Book 2.09
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 27.87
Resistance 3 (R3) 27.86 27.29 27.60
Resistance 2 (R2) 27.29 26.87 27.30 27.51
Resistance 1 (R1) 26.76 26.61 26.48 26.78 27.42
Pivot Point 26.20 26.20 26.05 26.20 26.20
Support 1 (S1) 25.67 25.78 25.38 25.68 25.04
Support 2 (S2) 25.10 25.52 25.11 24.95
Support 3 (S3) 24.57 25.10 24.86
Support 4 (S4) 24.59