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ZHONGCHAO INC.
ZHONGCHAO INC.
1.24 USD (-3.13%)
04/01/2025 - 19:59 Preopen 15 min delayed data - NASDAQ Stocks
Open: 1.21
Change: -0.04
Volume: 4,782
Low: 1.21
High: 1.26
High / Low range: 0.05
Type: Stocks
Ticker: ZCMD
ISIN: KYG9897X1079

ZHONGCHAO INC. - Daily - Technical analysis published on 03/14/2022 (GMT)

  • 140
  • 0
  • 03/14/2022 - 09:20
  • Timeframe : Daily
  • - Analysis generated on 03/14/2022 - 09:20
  • Status : WITHOUT TARGET

A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 1.32 USD
My targets
-
My analysis
The bearish trend is currently very strong for ZHONGCHAO INC.. As long as the price remains below the resistance at 1.32 USD, you could try to take advantage of the bearish rally. 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
7.3

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.

aba0550
This analysis was given by aba0550. Take part yourself by sharing additional analysis on another time unit:
Weekly

Additional analysis

Quotes

ZHONGCHAO INC. rating 1.05 USD. The price is lower by -38.24% since the last closing and was traded between 1.05 USD and 1.75 USD over the period. The price is currently at 0% from its lowest and -40.00% from its highest.

1.05
1.75
1.05

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

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:
Created with Raphaël 2.3.0-50-45-40-35-30January 1st1 year6 months1 month5 daysToday
The Central Records scanner for higher/lower results shows the following items:

Central Records

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly


New LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of ZHONGCHAO INC. in Daily shows a overall strongly bearish trend. 92.86% 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 detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily


Moving Average bearish crossovers : AMA50 & AMA100

Type : Bearish

Timeframe : Daily



In fact, 10 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is oversold : under 20

Type : Neutral

Timeframe : Daily


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily



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

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : Daily


Support of triangle is broken

Type : Bearish

Timeframe : Daily



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Black marubozu

Type : Bearish

Timeframe : Daily


Long black line

Type : Bearish

Timeframe : Daily




ProTrendLines
R1
R2
R3
Price


PriceR1R2R3
ProTrendLines 1.05 1.54 1.57 1.64
Change (%) - +46.67% +49.52% +56.19%
Change - +0.49 +0.52 +0.59
Level - Major Minor 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
Standard0.120.580.821.281.521.982.22
Camarilla0.860.920.991.051.111.181.24
Woodie0.000.530.701.231.401.932.10
Fibonacci0.580.851.021.281.551.721.98


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.511.571.641.701.771.831.90
Camarilla1.681.701.711.721.731.741.76
Woodie1.531.571.661.701.791.831.92
Fibonacci1.571.621.651.701.751.781.83


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.321.421.571.671.821.922.07
Camarilla1.661.681.711.731.751.781.80
Woodie1.361.431.611.681.861.932.11
Fibonacci1.421.511.571.671.761.821.92

Numerical data


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

Technical indicators
Created with Raphaël 2.3.0Sell10
Moving averages
Created with Raphaël 2.3.0Sell26

RSI (14): 17.65
MACD (12,26,9): -0.0500
Directional Movement: -41.38
AROON (14): -28.57
DEMA (21): 1.60
Parabolic SAR (0,02-0,02-0,2): 1.83
Elder Ray (13): -0.22
Super Trend (3,10): 1.83
Zig ZAG (10): 1.05
VORTEX (21): 0.6700
Stochastique (14,3,5): 30.16
TEMA (21): 1.56
Williams %R (14): -100.00
Chande Momentum Oscillator (20): -0.69
Repulse (5,40,3): -91.7600
ROCnROLL: 2
TRIX (15,9): -0.0800
Courbe Coppock: 14.68
MA7: 1.63
MA20: 1.69
MA50: 1.72
MA100: 1.76
MAexp7: 1.55
MAexp20: 1.66
MAexp50: 1.70
MAexp100: 1.73
Price / MA7: -35.58%
Price / MA20: -37.87%
Price / MA50: -38.95%
Price / MA100: -40.34%
Price / MAexp7: -32.26%
Price / MAexp20: -36.75%
Price / MAexp50: -38.24%
Price / MAexp100: -39.31%

Quotes : 03/11/2022 - 19:59 - 15 min delayed data - NASDAQ Stocks

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

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