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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Zhongchao Inc. - Class A Ordinary Shares (NASDAQ:ZCMD)
Bear Market Rally (-75) - ZCMD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZCMD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid ZCMD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZCMD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ZCMD
The long-term trend has been DOWN since May 10th, 2023 at 1.00
The intermediate-term trend has been UP since Apr 19th, 2024 at 2.20
The short-term trend has been DOWN since May 7th, 2024 at 1.48
Smart Scan Analysis for ZCMD
Based on our trend formula, ZCMD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.420 | 1.495 | 1.390 | 1.470 | +0.020 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.430 | 39346 | 2024-05-08 15:55:57 |
| 52wk High | 13 | 52wk High Date | 2023-07-18 |
| 52wk Low | 1.2 | 52wk Low Date | 2024-03-27 |
| Average Volume | 2,119,383 | Shares Outstanding | 1,943 |
| Assets | 34,816,095M | Liabilities | 2,981,954M |
| P/E Ratio | 10 |