Zions Bancorporation (ZB-C) Stock Technical Analysis
NYSE:ZB-C
We assign a technical rating of 0 out of 10 to ZB-C. ZB-C scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, ZB-C is a bad performer in the overall market: 68% of all stocks are doing better.
- ZB-C is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month ZB-C has a been trading in a tight range between 24.94 and 25.60.
- Considerably lower volume is observed in the last couple of days.
ZB-C has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
24.73
When analyzing the support we notice one important area.
- Strong support @24.98 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 24.99 to 25.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for ZB-C is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ZB-C is down. |
| ChartMill Relative Strength | 32.31 | NEUTRAL | ZB-C is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ZB-C is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ZB-C is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ZB-C is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 17.37 | OVERSOLD | The low RSI value suggests ZB-C may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ZB-C has a negative trend, although the MACD value is rising. |
| Average True Range in percent/ATR (20) | 0.19 | LOW VOLATILITY | The low ATR as a percentage value for ZB-C suggests low volalility. |
NYSE:ZB-C (9/13/2013, 8:00:00 PM)
24.99
-0.01 (-0.04%)
Zions Bancorporation / ZB-C FAQ
Can you provide the ChartMill technical rating for Zions Bancorporation?
ChartMill assigns a technical rating of 0 / 10 to ZB-C.
Can you provide the trend direction for Zions Bancorporation?
The current trend direction for Zions Bancorporation (ZB-C) is Bearish.
What is the RSI signal for ZB-C stock?
Zions Bancorporation (ZB-C) has an RSI value of 17.3695. This indicates that the stock is currently oversold.
What is the short term momentum for Zions Bancorporation (ZB-C) stock?
The short term momentum for Zions Bancorporation (ZB-C) is negative.
What is the buy/sell signal for ZB-C stock?
The buy/sell signal for Zions Bancorporation (ZB-C) is sell as both the short term and long term trends are negative.