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- 4/30/2021 -
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Zions Bancorp (ZION)

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Summary:
Weekly :Overbought sectorWeekly  MACD line has moved below its signal lineBroken trend resistance line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARTrend resistance at 55.66The price moved above the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was a first positive week for the Zions Bancorp (ZION). During the week, the ZION gained 1.53 points, or 2.82%, and closed at 55.80 on Friday, April 30, 2021. Weekly volume was -34% below 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 May 22, 2018 at 59.19 and reached 23.58 on March 23, 2020. ZION lost 35.61 points, or 60.16%, in 95 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (10.49) 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 uptrend had started on March 23, 2020 at 23.58 and reached 60.22 on March 18, 2021. ZION gained -36.64 points, or -155.39%, in 51 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 32.12 and resistance is at 63.15. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

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

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See ZION short-term trend chart]
A short-term downtrend had started on March 18, 2021 at 60.22 and reached 51.63 on April 21, 2021. ZION lost 8.59 points, or 14.26%, in 34 days. The chart has formed a Falling Wedge chart pattern. The price is near the trend resistance line (55.66). 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 short-term trend.

Daily Technical Indicators: [See ZION 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 risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 8.17% on Friday. It is 55.60% lower than one year average. It indicates the period of low volatility of the stock price. 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 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.00
Williams' Percentage Range (W%R) 20.00
Lane's Stochastic (%D-Slow) 71.23
Greed/Fear Indicator (GFI) 66.08
Moving Average Converg./Diverg. (MACD) 0.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.41
Williams' Percentage Range (W%R) 21.70
Lane's Stochastic (%D-Slow) 57.57
Greed/Fear Indicator (GFI) 64.63
Moving Average Converg./Diverg. (MACD) 4.74
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 63.15
Upper Bollinger Band 57.37
Weekly Stochastic Crossing 56.31
Price 55.80
Weekly Trendline Resistance 55.66
Daily Stochastic Crossing 55.50
50 Day Moving Average 55.32
20 Day Moving Average 55.18
Lower Bollinger Band 52.80
Parabolic System 51.79
Weekly Trendline Support 51.42
Yearly Trendline Resistance 46.99
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Regional Banks 50
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 57.03
High Date 04/19/2021
Low 51.63
Low Date 04/21/2021
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Test Resistance
Resistance 55.66
Support 51.42
High 60.22
High Date 03/18/2021
Low 51.63
Low Date 04/21/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.56
Low Date 09/25/2020
High 60.22
High Date 03/18/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 63.15
Support 32.12
Low 23.58
Low Date 03/23/2020
High 60.22
High Date 03/18/2021
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 46.99
Support 10.49
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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