Red Alert: Zion Oil & Gas, Inc. (NASDAQ:ZN)

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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
Open Gaps
Direction      Date     Range
Up Sept-26-2011 1.67 to 1.70
Support and Resistance
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
Chart Indicators
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.

 



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Commodities

Referenced Stocks: ZN

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