|
|
|
|
General Merchandise Stores Industry Stocks Technical Analysis - ZIONArchive
- 5/17/2024 -
Sign In to see current Signals. |
Zions Bancorp (ZION) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a fourth positive week after 3 consecutive negative weeks for the Zions Bancorp (ZION). During the week, the ZION gained 0.64 points, or 1.44%, and closed at 44.96 on Friday, May 17, 2024. Weekly volume was -57% 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 uptrend had started on May 4, 2023 at 18.26 and reached 46.15 on December 14, 2023. ZION gained -27.89 points, or -152.74%, in 32 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (44.56) line. The support is usually stronger when technical indicators are oversold. 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 support line in a long-term trend.
 Medium-term trend: [See ZION medium-term trend chart]
A medium-term uptrend had started on February 1, 2024 at 37.76 and reached 45.54 on May 15, 2024. ZION gained -7.78 points, or -20.60%, in 14 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (45.02). 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 ZION weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.
The weekly MACD line is above its signal line since May 3, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 April 19, 2024 at 39.05 and reached 45.54 on May 15, 2024. ZION gained -6.49 points, or -16.62%, in 26 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 44.79 and resistance is at 45.56. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See ZION daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. 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. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since April 23, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
A Parabolic SAR (stop and reversal) indicator (44.63) comes close to the price (44.96). It indicates that the trend is getting weaker. 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.
| |
|
|
|
|
| Daily Oscillators |
|
|
| Weekly Oscillators |
|
|
| Trading
Signals |
|
|
|
| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Financials |
11 |
| Industry |
Regional Banks |
108 |
|
| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
44.03 |
| Low Date |
05/14/2024 |
| High |
45.54 |
| High Date |
05/15/2024 |
|
| Weekly Trend |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Valid |
| Resistance |
45.56 |
| Support |
44.79 |
| Low |
39.05 |
| Low Date |
04/19/2024 |
| High |
45.54 |
| High Date |
05/15/2024 |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Test Resistance |
| Resistance |
45.02 |
| Support |
39.50 |
| Low |
37.76 |
| Low Date |
02/01/2024 |
| High |
45.54 |
| High Date |
05/15/2024 |
|
| Quarterly Trend |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Test Support |
| Resistance |
53.19 |
| Support |
44.56 |
| Low |
18.26 |
| Low Date |
05/04/2023 |
| High |
46.15 |
| High Date |
12/14/2023 |
|
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
|
| Resistance |
|
| Support |
|
| High |
75.44 |
| High Date |
02/10/2022 |
| Low |
18.26 |
| Low Date |
05/04/2023 |
|
|