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Archive
- 4/30/2021 -
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Zimmer Bio (ZBH)

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Summary:
Weekly :Williams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought areaPrice is near the Fibonacci 23.6% retracement level
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It was the negative week for the Zimmer Bio (ZBH). During the week, the ZBH gave back -0.46 points, or -0.26%, and closed at 177.16 on Friday, April 30, 2021. Weekly volume was -94% below average.

Long-term trend: [See ZBH long-term trend chart]
A long-term uptrend had started on September 24, 2020 at 129.15 and reached 180.36 on April 29, 2021. ZBH gained -51.21 points, or -39.65%, in 31 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 165.46 and resistance is at 184.12. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See ZBH medium-term trend chart]
A medium-term uptrend had started on March 5, 2021 at 154.10 and reached 180.36 on April 29, 2021. ZBH gained -26.26 points, or -17.04%, in 7 weeks. The price is now at the 12.19% retracement level.

Weekly Technical Indicators: [See ZBH weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 16, 2021. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See ZBH short-term trend chart]
A short-term downtrend had started on April 29, 2021 at 180.36 and reached 176.08 on April 30, 2021. ZBH lost 4.28 points, or 2.37%, in 1 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See ZBH daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since March 29, 2021. The distance between MACD and the signal line is low and getting smaller.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.85
Williams' Percentage Range (W%R) 11.70
Overbought
Lane's Stochastic (%D-Slow) 75.83
Greed/Fear Indicator (GFI) 80.66
Overbought
Moving Average Converg./Diverg. (MACD) 3.93
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.70
Williams' Percentage Range (W%R) 5.80
Strong Overbought
Lane's Stochastic (%D-Slow) 78.63
Greed/Fear Indicator (GFI) 77.84
Moving Average Converg./Diverg. (MACD) 6.93
Trading Signals
Description Value Chart
Yearly Trendline Resistance 184.12
Upper Bollinger Band 182.91
Daily Stochastic Crossing 178.79
Price 177.16
Weekly Stochastic Crossing 176.78
Parabolic System 174.50
20 Day Moving Average 171.80
Yearly Trendline Support 165.46
50 Day Moving Average 164.76
Lower Bollinger Band 161.44
Sector and Industry
Description Name Rank
Sector Health Care 4
Industry Health Care Equipment 28
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 180.36
High Date 04/29/2021
Low 176.08
Low Date 04/30/2021
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 180.36
High Date 04/29/2021
Low 176.08
Low Date 04/30/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 154.88
Low Date 03/25/2021
High 180.36
High Date 04/29/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 154.10
Low Date 03/05/2021
High 180.36
High Date 04/29/2021
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 184.12
Support 165.46
Low 129.15
Low Date 09/24/2020
High 180.36
High Date 04/29/2021
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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