Zacapa Resources Posts 4 Bullish Stock Technical Events Zacapa Resources Ltd forms bullish "Williams %R" chart pattern
Jul 27, 2022
Trading Central has detected a "Williams %R" chart pattern formed on Zacapa Resources Ltd (ZACA:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.28.
Tells Me: For bullish events, we seem to be in a new uptrend now that the price has recovered from oversold (dropped below -80 then rose above). The opposite is true for bearish events where we seem to be in a new downtrend now that the price has recovered from overbought. Meanwhile there is clear evidence that the trend has reversed (continued through the -50 level).
Williams %R is built on the premise that as prices increase, "close" prices tend to be closer to the upper end of the recent price range, and vice versa. The oscillator looks at the most recent "close" price as a percentage of the high-to-low price range over a specified period of time (14 bars) so when %R is high, it's likely we're seeing upward pressure, and vice versa. The line fluctuates between 0 and -100 with -20 and -80 often used to identify overbought and oversold conditions.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.
Zacapa Resources Ltd forms bullish "Short-term KST" chart pattern
Jul 27, 2022
Trading Central has detected a "Short-term KST" chart pattern formed on Zacapa Resources Ltd (ZACA:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.28.
The KST, "Know Sure Thing", is an oscillator that combines multiple time frames into a single measure of momentum for a financial instrument. It can be interpreted in the same way as other smoothed oscillators but most commonly indicates bullish and bearish momentum signals as it crosses above and below its moving average respectively.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.
Zacapa Resources Ltd forms bullish "Price Crosses Moving Average" chart pattern
Jul 27, 2022
Trading Central has detected a "Price Crosses Moving Average" chart pattern formed on Zacapa Resources Ltd (ZACA:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.28.
Tells Me: The price is generally in an established trend (bullish or bearish) for the time horizon represented by the moving average period (21, 50 or 200 bars).
Moving averages are used to smooth out the volatility or "noise" in the price series, to make it easier to discover the underlying trend. By plotting the average price over the last several bars, the line is less "jerky" than plotting the actual prices. A bullish event is generated when the price crosses above the moving average, and in this state, the price is likely in an established uptrend. The opposite is true when the price crosses below the moving average, triggered a bearish event.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.
Zacapa Resources Ltd forms bullish "Momentum" chart pattern
Jul 27, 2022
Trading Central has detected a "Momentum" chart pattern formed on Zacapa Resources Ltd (ZACA:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.28.
Tells Me: For bullish events, upward momentum has just built up with the latest price now trading higher than the price 10 bars ago. The opposite is true for bearish events where we're seeing downward momentum now that the price is trading lower than 10 bars ago.
Momentum measures the velocity of price changes. For a 10-bar momentum, we take the difference between the last bar's close and the close 10 bars ago and we plot this as a line fluctuating above and below 0 which can be used as buy and sell signals when in agreement with prevailing trend analysis. Momentum is significant because it signals the strength of price trends. A healthy price trend tends to exhibit strong momentum, while weakening trends often have decreasing momentum indicating a trend reversal or correction.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.