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

AnalysisOverallShortIntermediateLong
Bearish (-0.27)Neutral (-0.11)Neutral (-0.11)Very Bearish (-0.58)
Recent CandleStick Analysis   Very Bullish
DateCandle
23 Sept 2011Bullish Engulfing
Open Gaps
Direction     Date    Range
UpSept-26-20111.67 to 1.70
Support and Resistance
TypeValueConf.
resist.6.982
resist.5.952
resist.5.533
resist.4.9113
resist.4.245
resist.3.812
resist.3.143
resist.2.922
resist.2.453
supp1.7812
Chart Indicators
Ind.ShortInterLong
EMABeBeVBe
MACDNVBeVBe
RSIVBu
TDDBu
FibsVBeVBeVBe
HighsVBeNN
LowsNNN
TrendsBeBeVBe
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.