In-Depth Technical Analysis of KANZHUN LTD - ADR.

Our stock screener has identified KANZHUN LTD - ADR (NASDAQ:BZ) as a potential breakout candidate. This technical breakout setup pattern occurs when the stock consolidates after a strong uptrend. While the actual breakout is uncertain, it may be worth keeping an eye on NASDAQ:BZ.

Technical Analysis Observations

ChartMill assigns a proprietary Technical Rating to each stock. The score is computed daily by evaluating various technical indicators and properties. The score ranges from 0 to 10.

Overall BZ gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BZ is showing a nice and steady performance.

• The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
• When comparing the yearly performance of all stocks, we notice that BZ is one of the better performing stocks in the market, outperforming 91% of all stocks.
• BZ is one of the better performing stocks in the Interactive Media & Services industry, it outperforms 86% of 68 stocks in the same industry.
• BZ is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BZ is lagging the market slightly.

Our latest full technical report of BZ contains the most current technical analsysis.

How do we evaluate the setup for NASDAQ:BZ?

ChartMill incorporates a Setup Rating in its analysis, which measures the extent of consolidation in a stock over recent days and weeks. This rating, ranging from 0 to 10, is updated daily and takes into account multiple short-term technical indicators. The current setup rating for NASDAQ:BZ is 8:

Besides having an excellent technical rating, BZ also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 20.43, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BZ in the last couple of days, which is a good sign.

How to trade NASDAQ:BZ?

For a potential trade one would typically wait until the stock breaks out of the consolidation zone to enter the stock and it could be sold again for a loss when it would fall back below the zone.

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents technical observations generated by automated analysis but does not guarantee any trading outcomes. Always trade responsibly and make independent judgments.

Our Breakout screener lists more breakout setups and is updated daily.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.