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ZOM Stock Analysis Today: ZOM Stock (Zomedica Corp.) operates as a development stage company. It created products for companion animals by focusing on the unmet needs of clinical veterinarians. it plans to offer novel diagnostics and therapeutics that focuses on patient health and practice health. In this ZOM Stock Analysis Today video, we discuss macroscopic and microscopic 6 month and 1 day / 1 minute charts on ZOM stock. We also establish near and far side levels of resistance and support, analyze RSI (Relative Strength Index), MACD trends (moving average convergence divergence), trading volume patterns and volume moving average trends, bullish and bearish, and potential entry and exit points for mid-to-long term investors and day or swing traders.
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What is up, everybody welcome to trey's trades, where we get technical analysis on different stocks in the stock market, as well as potential buy, hold or sell opinions on these given stocks. I like the premise by saying that i am not financial advisor nor expert. I am just some random dude on youtube, so take what i say with a grain of salt. The reason that i started this channel is because a couple of years ago i was about 30 000 deep in some pretty bad medical debt, and i was very fortunate to have some close family friends and mentors that pushed me to work really hard and invest.

My money and i'm happy to say that not only am i a financially free guy, but i am pretty well financially off uh. So if i could pass a line of that information, resources or tools to you guys make your lives a little bit better off than they were before, that's all a guy can ask for. Lastly, if you wouldn't mind dropping a like on the video and consider subscribing if you'd like to see more content like this, is i do post videos every day multiple times a day, and i do these subscriber requested videos at least once a day. So that's what we're going to be doing in this video and we're going to be looking at ticker symbol, zom zometica corporation, and this subscriber recommendation comes from a couple.

Different people, but we're gon na give credit to peter stone. Peter stone says: maybe give us an analysis of zom uh, so peter a video will be up at seven o'clock, am cst watch for it. My friend hashtag, let's eat all right with. That being said, let's take a quick look at the overall company fundamentals on zone, so we are going to look at the uh overall view of what the company does.

So, let's just read this quick, so medical corporation operates as a developmental stage company. So do keep that in mind. They are developmental you're, looking at the potential for growth more than the previous growth on this company. It creates products for companion animals by focusing on the unmet needs of clinical veterinarians.

It plans to offer novel novel diagnostics and therapeutics that focuses on patient health and practice health. So, if you'd like to know you know more research news that sort of stuff going on, maybe this isn't the video for you. This is more of a technical analysis. I am going to break down the one year charts and the one day, one minute charts we're going to look at it from a macroscopic and microscopic point of view.

We're gon na develop uh levels of resistance and support in the near side and far side uh. For both midterm to long-term investors and day or swing traders, we've got the macd pulled up. We'll talk about that a little bit. I will pull up the rsi the relative strength index, so we can discuss what that means and potential entry and exit points going forward.

So with that being said, let's get right into the video now there's a very interesting level right now that we are rapidly approaching on a zom zometica corporation and that is 27.44 27 cents 0.44 um. That is a huge level. This is a previous level of resistance that if you look back to uh, if this would have been june 26th, we flirted with this line of resistance and went on a pretty harsh downtrend. After that price was rejected.

We did gap down. I'm assuming this is the pre-market or the after hours pretty harshly. So since then we went on a pretty uh, pretty bearish run. We did hang below the volume weighted moving average and for those of you that don't know the volume weighted moving average is the same as the volume moving average, except that it takes the amount of volume into consideration.

So if we pull up the vma here, we can see the difference and you would see that there is a pretty drastic change in what you're looking at here, and i just find that the volume weighted moving average is a better indicator, as it does take into Consideration unusual trading volume and gives you a better indicator of whether or not the bulls or the bears are in control. At certain points it does, you know change actually whether the bears or bulls are in control. As you can see, you know here we're looking at this is pretty pretty even steven at this point in time. You know it's.

It's kind of indecisive, it's tough to say whether or not the bears or bulls are in control. If you're looking at the vma, however, the volume weighted moving average, you can see the bulls are in control, so it gives you a completely different picture. That's why i use that indicator in case you are wondering so right now we have been trading above the volume weighted moving average we've been on a pretty steady one month, uh bear a bullish trend and it does seem like we're going to continue that we have Had a couple of red days, but you need to keep in mind the macroscopic picture. We were at just six cents uh.

We can call that seven cents if you want to round up about a month ago, and we are rapidly approaching 27 cents on this company and if we can push through this level of resistance. I do think the next line that we're going to be looking at on zom is 35 cents and i'm not sure what your position in the stock is currently. But if you are in you know anywhere, even in the middle of this run-up right now and we break through 27 cents, you are going to have multiple hundreds of percent margin return, and that is absolutely phenomenal. Now another thing to pay attention to is the overall traction that this company has seen in the past month.

It is trading well, above its usual volume. We used to see you know: 19 million 16 million 13 million. You know pretty well below 20 million shares traded per day, and now we are seeing 254 million uh 314 million 293 million, and that is going to increase the volatility of the stock. As you can see, the the movements are going to be harsher, they're going to be more filthy and, as i've said before, on this channel volume drives volatility and volatility drives higher price valuation.

So do keep that in mind. We are going to look to continue that overall volume trend over the next couple of days here that is going to be a good indicator that we are on the move and that we should be seeing some positive growth now, if we can't push through this 27 44 level, i do think you know it might not be by the end of the day. It is possible we've seen in the past those harsh moves um, but we will be approaching this 35 74 as the next level of resistance. So if you do have a position watch for those numbers as potential um push points to keep track of.

So if you're looking at this from a mid to long term perspective, obviously um you're, probably not looking to sell right now right, you're, probably going to keep riding this out you're going to want to push through this and then eventually push through this next level. Right here, which is going to be um, i drew a trend line on accident. That's not what i wanted all right: we're going to look to push through just about 50 cents, we'll call it 50 cents 0.499, and if we push through that, a dollar is very likely to follow. How long will that take it's very hard to say you know the news, catalyst and uh different public relations that are going on in this company are going to very highly affect that by looking at it from a technical perspective, it does look like we are beginning A very solid run up here.

I do like that a lot now. One thing that is a little bit concerning is that the macd indicator has this red line right here, dipping below the green line. What we're going to be looking for with the macd is a potential swing, oh just kidding, it did dip below, and now it's back up so um whenever this red line is above the green line and the macd uh. That indicates that the bulls are in control and whenever you see this crossover point, if you have your own, you know brokerage account that you, trade on you can pull up some charts.

If you see a crossover point in the red and green line, that is an indicator that you're about to see a pretty massive upswing. So i do think that it is likely we re-test this 2744 level. Today, however, i'm not a wizard if i was we'd, be making millions of dollars we'd be long and enjoying the crap out of every stock on the market and hidden everything pitch perfect. But i am not.

You do see that this red line is beginning a downward trend and it looks like it may converge with this. This green line on the macd, so it is possible today that we see another red day. It is. It is very possible, but the macroscopic view is an overall bullish trend, so do keep that in the back of your mind, if we look at the rsi the relative strength index, this indicates whether a stock is over overbought or oversold, and we have been in overbought Territory lately um, so do keep that in mind.

We were on a very long stretch of oversold, though uh it does seem that we have not quite you know, been in the same time, time frame of oversold as we have over overbought. You know so we might still continue to see this run up, but this has been an overbought territory. Right. Do keep that in mind, because when a stock is overbought, usually price correction follows so it is possible.

We see a price correction. I do find it unlikely, since we are on a very solid one month, bullish trend, but keep that in the back of your mind as a possibility now levels of support possible entry points. We are looking at a little bit of consolidation right here at about 16 cents um. It is very hard to say whether or not we'll return to the 16 cent mark.

That is a pretty harsh drop and we haven't seen that that kind of drop really in the last month. So, just speaking from a trend perspective, it doesn't seem likely that we'll come back down to the support level. However, if it does drop back down to the support level and you're looking at zone as a mid to long term investment, that is a great entry point to the stock if we break through 27 44 and this acts as a level of support in the future. This would be a great level of entry into zone, the volume weighted moving average if we are ever trading below the volume weighted moving average of 2154 at this given time that is a great entry point into the stock, so do keep those things in the back Of your mind, as as trading strategies, if you're looking at this as a mid to long term investment, i do not personally have a position in zone i'd like to disclose that right off the bat here, however, it does look like it has potential to keep the Run that has seen over the past uh past month, so it is looking promising i'm liking, what i'm seeing the technicals from a mid to long term perspective and if you're looking to date or swing trade, this stock, we will establish those levels for you as well.

So we do currently have a pretty solid support here at 23, since we have been seeing some pretty heavy rejection on selling pressure. A long candle wick indicates that sellers tried to bring the price back down and the price was rejected. We had buyers that stepped in to correct the price, bring it back up to higher price valuations. It does appear that we are more red than green.

However, we are currently trading at 25 cents, which is higher than we were at uh market, close of 23 cents. So it is promising, it looks like we may have a green day today, so do keep that in the back of your mind, um levels of resistance in the future we're looking at right about here, 25 cents, which is about what we're trading at and right here At 27 cents, we'll call, which is very close to the macroscopic viewpoint of 27.44. So if we can push through 27 cents, i would expect a pretty major breakout. Of course, it is possible that we have a false breakout, which is when a stock shoots up above the resistance line, hangs there for a couple of candles and it drops back down so there's a couple ways that you can play this as a day or swing Trader, you can enter into the stock at 23 cents and if you see a bounce off of this support line, it is very likely as you've seen here, that we begin to approach the previous level of resistance or, as you see here, approach the previous level of Resistance breakout comes back down, price correction, resistance, resistance, etc.

So if you see a bounce off of this line - and we retest this resistance line, watch for a breakout through that, if we see one continue to ride it out, if you see price rejection, that would be a great time to exit your trade on the vice Versa side, if you want to short this stock - and you see us approach a resistance level and there's price rejection - try to enter into the stock when you see the price rejection and ride it back down to this previous level of resistance, which would act as support. If you see a dip below that continue to ride the stock, you know you might see a re-test of the support. If there's rejection it comes back down, you can continue to ride until the next level of support here at 23 cents, and at that point, if you see price rejection, it bounces back up that'd be a great time to exit your trade and maximize profits. So i hope that was helpful for you day or swing traders.

That is what i have for zone from a technical perspective. If you have any questions, please let me know in the comment section down below it is getting a little bit difficult to get to all of you. It does take quite a bit of time. I try to write up as uh as well thought out answers as i possibly can.

So i promise i will do my best to get all of your comments uh as soon as i can in a timely manner, and that is what i have for zone today. So if you enjoyed the video, please drop a like, it really does help support the channel. Consider subscribing if you'd like, to see more content like this, as i do post videos on a daily basis and if you would like me to cover one of your subscriber requested stocks. Let me know in the comment section down below.

I do at least one every single day. All you need to do is type in the ticker symbol and i will cover it in a future video. I do have my twitter and stock twits pages linked in the description box down below, where i will be giving updates in real time on stocks that i am enjoying the price action on stuff that interests you consider following and lastly, i do have an affiliate link To tubebuddy in the description box as well - and this is a seo optimization website that i personally pay a nine dollar per month subscription fee for and what it does is it. It helps content creators get their videos in the eyes of their audience.

It optimizes tags, um search results. It helps your videos rank well in the youtube algorithm titles thumbnails. They all go through a bunch of algorithms in tubebuddy and it just helps your videos get out to the audience that you intended to reach. So if that does interest you, if you use my link, i will receive a commission off of everybody who signs up, and that is a great way to support the channel.

They do also have a free option. If that interests you and if you're not interested at all, i just appreciate you being a part of the community and the crew out here at trey's trade. So that is what i have for the video today. My friends and i will see you all next time: peace,.

By Trey

10 thoughts on “Zom stock analysis today // subscriber-requested stock of the day // 50 soon? technical analysis”
  1. Avataaar/Circle Created with python_avatars Kids Duo says:

    Thanks for the analysis! Question is what price target do you see in about 3 months. With the truforma product coming out in March.

  2. Avataaar/Circle Created with python_avatars AKTV says:

    ๐Ÿš€๐Ÿš€๐Ÿš€ ZOM ZOM ZOM ๐Ÿš€๐Ÿš€๐Ÿš€

  3. Avataaar/Circle Created with python_avatars Alex Crockett says:

    Nice video man. First time hearing your videos. Subbed! do you think this could be a smart play to invest 1k in and watch it ride? Seems like volumes went up alot

  4. Avataaar/Circle Created with python_avatars DFS Straight to the point says:

    I'm not selling let's go to 1+ then ial think about it ๐Ÿ˜๐Ÿ˜๐Ÿ˜

  5. Avataaar/Circle Created with python_avatars Ghetty Green says:

    Bro this is the ONE riding high today in deep staying long LFGOOOOO

  6. Avataaar/Circle Created with python_avatars Ken Matsunaga says:

    Trey. Thank you again. This one was able to get in on for a Chris Sain quick $$ play

  7. Avataaar/Circle Created with python_avatars Mark Baumgartner says:

    great call on this

  8. Avataaar/Circle Created with python_avatars charles cotรฉ says:

    Hi I would love a coverage of NOU on the tsx thanks !

  9. Avataaar/Circle Created with python_avatars James Cartmell says:

    Prefer your videos to Chris Sain as you actually explain it on a technical side and donโ€™t just say buy this buy that.

  10. Avataaar/Circle Created with python_avatars James Cartmell says:

    Would love a quick MVIS for today and why we rocketed 11% up and now are -1%. The stock drives me crazy ๐Ÿ˜‚๐Ÿ˜‚ keep reminding myself to forget about it and ride the rollercoaster

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