|
|
Archive
- 4/5/2024 -
Sign In to see current Signals. |
Zimmer Bio (ZBH) Technical Analysis
|
 |
| Summary:
| | | Weekly : | | Daily : 
Move cursor over the icon to see details.
| | It was the negative week for the Zimmer Bio (ZBH). During the week, the ZBH dropped -4.65 points, or -3.52%, and closed at 127.33 on Friday, April 5, 2024. Weekly volume was -35% below average.
 Long-term trend: [See ZBH long-term trend chart]
A long-term downtrend had started on May 2, 2023 at 149.25 and reached 102.05 on October 12, 2023. ZBH lost 47.20 points, or 31.62%, in 23 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 72.82 and resistance is at 139.30. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See ZBH medium-term trend chart]
A medium-term uptrend had started on October 12, 2023 at 102.05 and reached 133.90 on March 28, 2024. ZBH gained -31.85 points, or -31.21%, in 24 weeks. The price is now at the 20.63% retracement level.
 Weekly Technical Indicators: [See ZBH weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. 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 March 28, 2024 at 133.90 and reached 126.15 on April 5, 2024. ZBH lost 7.75 points, or 5.79%, in 8 days. The price is now at the 15.23% retracement level.
Daily Technical Indicators: [See ZBH daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. 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 link to access Lane's Stochastic help.
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.
During the last week, the price has declined below 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.
Price is close to the 50 Day Moving Average. 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.
| |
|
|