The Hourly View for ZLAB
Currently, ZLAB (Get Ratings)’s price is down $-3.19 (-2.08%) from the hour prior. The hourly chart shows that ZLAB has seen 3 straight down hours. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Out of Pharmaceutical Products stocks, ZLAB ranks 336th in regards to today’s price percentage change.
ZLAB’s Technical Outlook on the Daily Chart
Currently, ZLAB’s price is down $-10.95 (-6.8%) from the day prior. This is a reversal of the price action on the previous day, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe. Regarding moving averages, it should first be noted that price has crossed the 100 day moving average, resulting in them so that price is now turning below it. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Zai Lab Ltd’s price action over the past 90 days can be seen via the chart below.
ZLAB: Daily RSI Analysis
For ZLAB News Traders
Investors and traders in ZLAB may be particularly interested in the following story that came out in the past day:
SHANGHAI and SAN FRANCISCO, July 22, 2021 (GLOBE NEWSWIRE) — Zai Lab Limited (NASDAQ: ZLAB; HKEX: 9688), an innovative commercial-stage biopharmaceutical company, today announced that it will report financial results and corporate updates for the second quarter ended June 30, 2021 after the closing of the U.S. equity markets on August 9, 2021. The Company will host a live conference call and webcast on August 10, 2021, at 8:00 a.m. EDT. Conference Call and Webcast Information Listeners may acce
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