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- 11/13/2020 -
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Zimmer Bio (ZBH)

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Summary:
Weekly :Trend resistance at 153.00Trend resistance at 152.98
Daily :Daily  MACD line has moved above its signal linePrice has crossed above the 50 Day Moving AverageBullish Ladder Bottom CandlestickThe price moved above the moving average in the center of the Bollinger Bands
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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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.37
Williams' Percentage Range (W%R) 45.30
Lane's Stochastic (%D-Slow) 58.70
Greed/Fear Indicator (GFI) 58.93
Moving Average Converg./Diverg. (MACD) 0.83
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.44
Williams' Percentage Range (W%R) 29.90
Lane's Stochastic (%D-Slow) 54.89
Greed/Fear Indicator (GFI) 60.21
Moving Average Converg./Diverg. (MACD) 6.97
Trading Signals
Description Value Chart
Upper Bollinger Band 156.44
Yearly Trendline Resistance 153.00
Quarterly Trendline Resistance 152.98
Daily Stochastic Crossing 151.42
Price 151.36
Weekly Stochastic Crossing 146.25
Parabolic System 145.09
20 Day Moving Average 141.39
50 Day Moving Average 140.88
Yearly Trendline Support 134.16
Quarterly Trendline Support 134.16
Lower Bollinger Band 130.16
Sector and Industry
Description Name Rank
Sector Health Care 6
Industry Health Care Equipment 61
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 146.60
Low Date 11/11/2020
High 152.01
High Date 11/13/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 146.60
Low Date 11/11/2020
High 152.01
High Date 11/13/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 130.05
Low Date 10/30/2020
High 165.15
High Date 11/09/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Resistance
Resistance 152.98
Support 134.16
Low 112.00
Low Date 06/25/2020
High 165.15
High Date 11/09/2020
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Resistance
Resistance 153.00
Support 134.16
Low 88.00
Low Date 04/02/2020
High 165.15
High Date 11/09/2020
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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