Technical Analysis for ZBISF - Zenabis Global Inc.

Grade Last Price % Change Price Change
grade F 0.06 -10.18% -0.0068
ZBISF closed down 10.18 percent on Thursday, July 9, 2020, on 45 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down
Historical ZBISF trend table...

Date Alert Name Type % Chg
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
Stochastic Buy Signal Bullish -10.18%
Wide Bands Range Expansion -10.18%
Oversold Stochastic Weakness -10.18%
Wide Bands Range Expansion -5.96%
Oversold Stochastic Weakness -5.96%
Wide Bands Range Expansion 1.69%
Oversold Stochastic Weakness 1.69%
Wide Bands Range Expansion -3.23%
Older signals for ZBISF ...

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Profile

Zenabis is a significant licensed cannabis cultivator of medical and recreational cannabis, and employs staff coast-to-coast, across facilities in Atholville, New Brunswick; Delta and Langley, B.C.; and Stellarton, Nova Scotia. Zenabis currently owns 3.5 million square feet of facility space that can, upon full conversion, be dedicated to cannabis production. If all facility space is fully built out and dedicated to production, Zenabis will own, and have access to, 660,000 square feet of high quality indoor cannabis production space, as well as 2.1 million square feet of greenhouse space at its Langley facility that is intended to be dedicated to cannabis production, with this cannabis production capacity strategically located on Canada’s East and West coasts. These facilities, if fully converted for cannabis production, would have the design capacity to yield 479,300kg of dried cannabis annually, for both national and international market distribution. An additional 700,000 square feet of greenhouse space will be used to continue the existing propagation business, and this will be converted at such a time that is beneficial to the strategic position of the company. The Zenabis brand name is used among the medical market, while Namaste is used to service the recreational market. The management team at Zenabis has significant experience in finance, agriculture, technology, pharmaceutical sales, consumer packaged goods, international distribution and brand marketing. Zenabis’ leadership is backed by the expertise of a Chief Operating Officer, Chief Growing Officer, a Chief Science Officer and Chief Medical Officer.
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Is ZBISF 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 1.52
52 Week Low 0.0012
Average Volume 509,788
200-Day Moving Average 0.1624
50-Day Moving Average 0.0802
20-Day Moving Average 0.0770
10-Day Moving Average 0.0616
Average True Range 0.0194
ADX 20.24
+DI 16.0648
-DI 13.9646
Chandelier Exit (Long, 3 ATRs ) 0.0918
Chandelier Exit (Short, 3 ATRs ) 0.1082
Upper Bollinger Band 0.1196
Lower Bollinger Band 0.0344
Percent B (%b) 0.3
BandWidth 110.6494
MACD Line -0.0083
MACD Signal Line -0.0068
MACD Histogram -0.0015
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.0770
Resistance 3 (R3) 0.0773 0.0721 0.0741
Resistance 2 (R2) 0.0721 0.0678 0.0719 0.0732
Resistance 1 (R1) 0.0660 0.0651 0.0634 0.0657 0.0722
Pivot Point 0.0608 0.0608 0.0595 0.0606 0.0608
Support 1 (S1) 0.0547 0.0565 0.0521 0.0544 0.0478
Support 2 (S2) 0.0495 0.0538 0.0493 0.0468
Support 3 (S3) 0.0434 0.0495 0.0459
Support 4 (S4) 0.0431