Technical Analysis for IZM - ICZOOM Group Inc.

Grade Last Price % Change Price Change
F 2.02 -6.05% -0.13
IZM closed down 6.05 percent on Friday, May 17, 2024, on 36 percent of normal volume. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Narrow Range Bar Range Contraction 0.00%
New 52 Week Low Weakness 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
New 52 Week Closing Low Bearish -6.05%
Narrow Range Bar Range Contraction -6.05%
Wide Bands Range Expansion -6.05%
Oversold Stochastic Weakness -6.05%
Boomer Sell Setup Bearish Swing Setup -10.22%

   Recent Intraday Alerts

Alert Time
Up 1% 2 days ago
Down 5% 2 days ago
Down 3% 2 days ago
Fell Below Previous Day's Low 2 days ago
Down 2 % 2 days ago

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Profile

ICZOOM Group Inc. is primarily engaged in sales of electronic component products to customers in Hong Kong and mainland China through its B2B e-commerce trading platform. These products are primarily used by China based small and medium-sized enterprises ("SMEs") in the consumer electronic industry, Internet of Things ("IoT"), automotive electronics and industry control segments. By utilizing latest technologies, the Company's platform collects, optimizes and presents product offering information from suppliers of all sizes, all transparent and available to its SME customers to compare and select. In addition to the sales of electronic component products, the Company also provides services to customers such as temporary warehousing, logistic and shipping, and customs clearance
Classification

Sector: Technology
Industry: Electronics & Computer Distribution
Keywords: E Commerce Supply Chain Management Internet Of Things Distribution Automotive Electronics Non Store Retailing

Is IZM a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Comments

S

SuccessfulGerbil321 25 days ago

Crazy!  I am a new subscriber. I initiated short position in my small account around $50, around  two before collapse. My account was down 4%, next day it collapsed. But premarket ramp up is unbelievable!! My account is up 30% overnight. 

2 Reply
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TraderMike 25 days ago

Congrats on the trade!  And great job not panicking in the premarket that morning. 

1 Reply
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TraderMike about 1 month ago

This is probably the craziest mover I've ever seen!  I've been seeing this on the Parabolic Rise scan for a few days.  I often say that getting involved in parabolic movers are like playing a game of musical chairs.  The music came to a screeching halt (no pun because as I type this the stock is halted).

Here's the daily chart:
Screenshot 2024-04-17 at 9.45.12 AM.png 89.1 KB
Talk about a rug pull -- a gap down from 50 to 6!

And here's how it's traded today on 15 minute candles.  Note that this is showing pre-market trading & it doubled within 15 minutes around 4am.  Madness! 
Screenshot 2024-04-17 at 9.45.39 AM.png 91.9 KB
This is an extreme case of what happens when a short squeeze / buying mania ends.

0 Reply

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Indicators

Indicator Value
52 Week High 52.21
52 Week Low 2.0
Average Volume 1,079,306
200-Day Moving Average 9.79
50-Day Moving Average 11.16
20-Day Moving Average 2.60
10-Day Moving Average 2.28
Average True Range 1.58
RSI (14) 35.90
ADX 31.37
+DI 26.60
-DI 45.53
Chandelier Exit (Long, 3 ATRs) 0.69
Chandelier Exit (Short, 3 ATRs) 6.75
Upper Bollinger Bands 3.34
Lower Bollinger Band 1.85
Percent B (%b) 0.11
BandWidth 57.33
MACD Line -3.16
MACD Signal Line -3.46
MACD Histogram 0.2975
Fundamentals Value
Market Cap 13.21 Million
Num Shares 6.54 Million
EPS 0.18
Price-to-Earnings (P/E) Ratio 11.22
Price-to-Sales 0.46
Price-to-Book 6.13
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.30
Resistance 3 (R3) 2.33 2.26 2.26
Resistance 2 (R2) 2.26 2.19 2.25 2.24
Resistance 1 (R1) 2.14 2.14 2.10 2.11 2.23
Pivot Point 2.07 2.07 2.05 2.06 2.07
Support 1 (S1) 1.95 2.00 1.92 1.93 1.81
Support 2 (S2) 1.88 1.95 1.87 1.80
Support 3 (S3) 1.76 1.88 1.78
Support 4 (S4) 1.74