Zynex Inc (NAQ:ZYXI) cover image
101 Reads (2 mins read)

Will the Zynex Inc (NAQ:ZYXI) share price keep rising?

15th Jun '20 by Ben Hobson

Despite the market volatility, shares in Zynex Inc (NAQ:ZYXI) have been in an uptrend in recent months. The question now for investors is whether that price strength will continue.

Finding stocks with the potential to break-out as their popularity grows is a strategy used by some of the world’s most successful traders. 

Knowing what drives relative strength in share prices can help you find profitable momentum trades...

GET MORE DATA-DRIVEN INSIGHTS INTO NAQ:ZYXI »

How has the Zynex Inc (NAQ:ZYXI) share price performed?

In terms of relative price strength the stock has performed well against the market over the past year:

  • Month: 14.5% 
  • 6 Months: 153.4% 
  • 12 Months: 142.5%

Relative strength is a useful tool in the armoury of technical traders and investors. It’s an instant measure of how a stock has performed in comparison with a benchmark.

And while there are no certainties about which way a stock will move next, research shows that price trends like this often persist.

Studies by leading experts on momentum show that stocks with the strongest price strength tend to keep up the pace for anywhere up to one year, as investors increasingly buy into them.

What does this mean for potential investors?

Zynex Inc is currently among the stocks with the strongest six-month and one-year relative price strength in the market. But momentum on its own is no guarantee of future returns. 

To get a better idea about whether this momentum will continue, it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Zynex Inc that you can find out about here.

Alternatively, if you'd like to find more shares with strong price momentum, you can find them on this Positive Momentum screen.

Share this article
As per our Terms of Use, Stockopedia is a financial news & data site, discussion forum and content aggregator. Our site should be used for educational & informational purposes only. We do not provide investment advice, recommendations or views as to whether an investment or strategy is suited to the investment needs of a specific individual. You should make your own decisions and seek independent professional advice before doing so. Remember: Shares can go down as well as up. Past performance is not a guide to future performance & investors may not get back the amount invested.
Share Price
$14.13
Change Today
-1.19%
Zynex Inc ( )

Stockopedia is here to help individual investors beat the markets by being the very best in stock analysis, research & community. Take a 30 day free trial of our extensive multi-award winning service and find out why more than ten thousand global investors can't live without it.

© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.