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Archive
- 11/13/2020 -
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Zimmer Bio (ZBH) |
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| Summary:
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| | It was a second positive week after 3 consecutive negative weeks for the Zimmer Bio (ZBH). During the week, the ZBH gained 12.84 points, or 9.27%, and closed at 151.36 on Friday, November 13, 2020. It was the best weekly gain since July 17, 2020. Weekly volume was 38% above average.
 Long-term trend: [See ZBH long-term trend chart]
A long-term uptrend had started on April 2, 2020 at 88.00 and reached 165.15 on November 9, 2020. ZBH gained -77.15 points, or -87.67%, in 31 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend resistance line (153.00). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.
Medium-term trend: [See ZBH medium-term trend chart]
A medium-term uptrend had started on June 25, 2020 at 112.00 and reached 165.15 on November 9, 2020. ZBH gained -53.15 points, or -47.46%, in 19 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend resistance line (152.98). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See ZBH weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since September 18, 2020. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See ZBH short-term trend chart]
A short-term uptrend had started on November 11, 2020 at 146.60 and reached 152.01 on November 13, 2020. ZBH gained -5.41 points, or -3.69%, in 2 days. The price is now at the 12.01% retracement level.
Daily Technical Indicators: [See ZBH daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
 Candlestick pattern: [See ZBH candlestick chart pattern]
On Friday the chart has formed a Bullish Ladder Bottom Candlestick pattern. A Bullish Ladder Bottom pattern occurs in a downtrend, it may signal a trend reversal. The reliability of the Bullish Ladder Bottom pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Ladder Bottom Candlestick pattern during the last week.
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