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- 11/13/2020 -
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Zions Bancorp (ZION)

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Summary:
Weekly :Overbought sectorBroken trend resistance lineBroken trend resistance line
Daily :Price is near the Fibonacci 23.6% retracement level
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It was a first positive week for the Zions Bancorp (ZION). During the week, the ZION gained 5.53 points, or 17.31%, and closed at 37.48 on Friday, November 13, 2020. It was the best weekly gain since June 5, 2020. Weekly volume was 13% above average.

ZION is a member of Financials Sector. Financials is the 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 ZION long-term trend chart]
A long-term downtrend had started on January 2, 2020 at 52.48 and reached 23.58 on March 23, 2020. ZION lost 28.90 points, or 55.07%, in 11 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (28.63) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See ZION medium-term trend chart]
A medium-term downtrend had started on June 5, 2020 at 40.96 and reached 27.56 on September 25, 2020. ZION lost 13.40 points, or 32.71%, in 16 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (25.93) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See ZION weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since October 2, 2020. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See ZION short-term trend chart]
A short-term uptrend had started on September 25, 2020 at 27.56 and reached 40.90 on November 9, 2020. ZION gained -13.34 points, or -48.40%, in 45 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See ZION daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since October 1, 2020. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.66
Williams' Percentage Range (W%R) 37.50
Lane's Stochastic (%D-Slow) 71.50
Greed/Fear Indicator (GFI) 64.89
Moving Average Converg./Diverg. (MACD) 1.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.91
Williams' Percentage Range (W%R) 31.10
Lane's Stochastic (%D-Slow) 62.44
Greed/Fear Indicator (GFI) 62.10
Moving Average Converg./Diverg. (MACD) -1.33
Trading Signals
Description Value Chart
Upper Bollinger Band 39.86
Daily Stochastic Crossing 37.54
Price 37.48
Weekly Stochastic Crossing 36.57
Parabolic System 34.07
20 Day Moving Average 33.35
50 Day Moving Average 31.77
Monthly Trendline Resistance 30.03
Lower Bollinger Band 28.23
Sector and Industry
Description Name Rank
Sector Financials 10
Industry Regional Banks 110
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 29.83
Low Date 10/15/2020
High 40.90
High Date 11/09/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.56
Low Date 09/25/2020
High 40.90
High Date 11/09/2020
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 30.03
Support 25.93
High 40.96
High Date 06/05/2020
Low 27.56
Low Date 09/25/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 28.56
Support 28.63
High 52.48
High Date 01/02/2020
Low 23.58
Low Date 03/23/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 59.19
High Date 05/22/2018
Low 23.58
Low Date 03/23/2020
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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