Red Alert:Zion Oil & Gas, Inc. (
ZN
)
Early Call
Profile: Zion Oil & Gas, Inc. operates as a development
stage oil and gas exploration company in Israel. It holds 2
exploration licenses, the Joseph License and Asher-Menashe
License, covering approximately 162,100 acres onshore in the
state of Israel between Netanya in the south and Haifa in the
north. The company was founded in Y 2000 and is headquartered in
Dallas, Texas.
Sector: Basic Materials, Oil and Gas Equipment and
Services
Website: http://www.zionoil.com
LTN's Pattern Recognition Analyst, Paul A. Ebeling,
Jnr. ID'd the beginning of a new Bullish trend for Zion Oil
& Gas, Inc.
Shares of ZN closed Friday at 1.67, and opened Monday
at 1.71. ZN closed the session Monday at 2.39,
+0.72 . (43.11%).
The price range Monday was between 1.70, and 2.50 .
Volume: 1,191,988/shrs is almost 5 times its 3 mo
average volume of 258,612/shrs.
ZN is trading above it its 20 -Day, and below its 50
and 200-Day Moving Averages.
My Technical Indicators augur new Bullish price action in
here.
The stock's 52 wk low is 1.40, and 52 week high is 7.87, its
P/E ratio is N/A, its EPS is -0.30 its RSI is 51.15,
Beta is -.44, the Div & Yield is 0.00 (N/A), and the P/C
ratio is 0.38
Performance Metrics for:
Wk. +43.11%, Mo. -8.78%, Q: -55.66%, 6 Mo.-47.70%: Yr.-55.58 %
|
Analysis
|
Overall
|
Short |
Intermediate |
Long |
| Bearish (-0.27) |
Neutral (-0.11) |
Neutral (-0.11) |
Very Bearish (-0.58)
|
|
Recent CandleStick Analysis
Very Bullish
|
| Date |
Candle |
| 23 Sept 2011 |
Bullish Engulfing |
| Direction |
Date |
Range |
| Up |
Sept-26-2011 |
1.67 to 1.70 |
| Type |
Value |
Conf.
|
| resist. |
6.98 |
2 |
| resist. |
5.95 |
2 |
| resist. |
5.53 |
3 |
| resist. |
4.91 |
13 |
| resist. |
4.24 |
5 |
| resist. |
3.81 |
2 |
| resist. |
3.14 |
3 |
| resist. |
2.92 |
2 |
| resist. |
2.45 |
3 |
| supp |
1.78 |
12 |
|
Ind.
|
Short |
Inter |
Long |
| EMA |
Be |
Be |
VBe
|
| MACD |
N |
VBe
|
VBe
|
| RSI |
|
VBu
|
|
| TDD |
|
Bu |
|
| Fibs |
VBe
|
VBe
|
VBe
|
| Highs |
VBe
|
N |
N |
| Lows |
N |
N |
N |
| Trends |
Be |
Be |
VBe
|
| Stoch. |
VBu
|
|
|
VBu=Very Bullish, Bu=Bullish
N=Neutral
Be=Bearish, VBe=Very Bearish
|
1 yr Price Target Price Estimate:
6.98
Earnings Date:
17 November 2011
Analysts' Recommendation: Buy (Speculative)
Paul A. Ebeling, Jnr
Paul A. Ebeling, Jnr. writes and publishes The Red
Roadmaster's Technical Report on the US Major Market Indices, a
weekly, highly-regarded financial market letter, read by opinion
makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and
stock markets since 1984, following a successful business career
that included investment banking, and market and business
analysis. He is a specialist in equities/commodities, and an
accomplished chart reader who advises technicians with regard to
Major Indices Resistance/Support Levels.