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Stock Trend Analysis Report
Prepared for you on Wednesday, April 17, 2024.
Zhongchao Inc. - Class A Ordinary Shares (NASDAQ:ZCMD)
Long-Term Downtrend (-90) - ZCMD is in a strong downtrend that is likely to continue. While ZCMD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 1.000
The intermediate-term trend has been DOWN since Mar 5th, 2024 at 2.937
The short-term trend has been DOWN since Apr 10th, 2024 at 1.520
Smart Scan Analysis for ZCMD
Based on our trend formula, ZCMD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.3000 | 1.5000 | 1.2804 | 1.3600 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.3600 | 36261 | 2024-04-17 15:53:05 |
| 52wk High | 13.995 | 52wk High Date | 2023-05-05 |
| 52wk Low | 1.2 | 52wk Low Date | 2024-03-27 |
| Average Volume | 471,580 | Shares Outstanding | 1,943 |
| Assets | 34,816,095M | Liabilities | 2,981,954M |
| P/E Ratio | 10 |