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- 4/5/2024 -
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Zebra Technologies (ZBRA) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal linePrice is near the Fibonacci 23.6% retracement level
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price is close to the moving average in the center of the Bollinger Bands
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It was the negative week for the Zebra Technologies (ZBRA). During the week, the ZBRA dropped -11.06 points, or -3.67%, and closed at 290.38 on Friday, April 5, 2024. It was the worst weekly loss since January 5, 2024. Weekly volume was -7% below average.

ZBRA is a member of Information Technology Sector. Information Technology is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See ZBRA long-term trend chart]
A long-term downtrend had started on December 10, 2021 at 615.00 and reached 194.59 on November 1, 2023. ZBRA lost 420.41 points, or 68.36%, in 98 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See ZBRA medium-term trend chart]
A medium-term uptrend had started on November 1, 2023 at 194.59 and reached 304.56 on April 1, 2024. ZBRA gained -109.97 points, or -56.51%, in 21 weeks. The price is now at the 12.89% retracement level.

Weekly Technical Indicators: [See ZBRA weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See ZBRA short-term trend chart]
A short-term downtrend had started on April 1, 2024 at 304.56 and reached 287.57 on April 5, 2024. ZBRA lost 16.99 points, or 5.58%, in 4 days. The price is now at the 16.54% retracement level.

Daily Technical Indicators: [See ZBRA daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price is close to 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.61
Williams' Percentage Range (W%R) 46.70
Lane's Stochastic (%D-Slow) 44.00
Greed/Fear Indicator (GFI) 50.62
Moving Average Converg./Diverg. (MACD) 6.28
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.44
Williams' Percentage Range (W%R) 12.30
Overbought
Lane's Stochastic (%D-Slow) 87.33
Overbought
Greed/Fear Indicator (GFI) 77.03
Moving Average Converg./Diverg. (MACD) 4.26
Trading Signals
Description Value Chart
Parabolic System 304.86
Upper Bollinger Band 302.83
Weekly Stochastic Crossing 296.55
Daily Stochastic Crossing 293.25
Price 290.38
20 Day Moving Average 290.37
Lower Bollinger Band 277.10
50 Day Moving Average 275.00
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry Electronic Equipment & Instruments 83
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 304.56
High Date 04/01/2024
Low 287.57
Low Date 04/05/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 304.56
High Date 04/01/2024
Low 287.57
Low Date 04/05/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 233.95
Low Date 02/01/2024
High 304.56
High Date 04/01/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 194.59
Low Date 11/01/2023
High 304.56
High Date 04/01/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 615.00
High Date 12/10/2021
Low 194.59
Low Date 11/01/2023
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.