China Zenix Auto Technical Analysis (NYSE:ZX)

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$1.39 $0.01 (0.72%) ZX stock closing price Sep 25, 2017 (Closing)

Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. When a chart pattern that can predict future China Zenix Auto stock price movements is formed, the ZX stock chart can become a key tool for a technical analyst.

See China Zenix Auto bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of China Zenix Auto stock analysis.

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China Zenix Auto Moving Average:

ZX stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of China Zenix Auto chart patterns after the calculations remain the same. The 100 day moving average of 1.67 is above the last closing price of 1.38. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $1.39 is above the price of $1.38.

China Zenix Auto Bollinger Bands:

Bollinger bands consist of two price bands above and below a center line for any company stock like China Zenix Auto. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of China Zenix Auto bollinger bands.

China Zenix Auto Moving Average Convergence Divergence or MACD:

Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up.   The China Zenix Auto MACD indicator can be used to identify bullish and bearish trends for the stock.

China Zenix Auto Relative Strength Index:

The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. The relative strength index of ZX stock is 52.96. .