ZIMMER BIOMET HOLDINGS INC (ZBH) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ZBH - US98956P1021 - Common Stock
Taking everything into account, ZBH scores 0 out of 10 in our technical rating. ZBH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
ZBH has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 90.48, a Stop Loss order could be placed below this zone.
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86.67
We found 2 important support areas.
- A support zone ranging from 90.21 to 90.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 87.55 to 88.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 97.83 to 98.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 99.81 to 103.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @110.81 from a horizontal line in the weekly time frame.
- Resistance @115.46 from a horizontal line in the weekly time frame.
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 ZBH is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ZBH is down. |
| ChartMill Relative Strength | 22.62 | NEGATIVE | ZBH has a low relative strength, it was outperformed by 77.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ZBH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ZBH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ZBH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.19 | NEUTRAL | The RSI value for ZBH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ZBH has a positive trend. |
| Stochastics (14,3) | 39.95 | NEUTRAL | The Stochastics value for ZBH is a neutral value. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for ZBH suggests low volalility. |
| Average Directional Index/ADX (14) | 15.8 | NEGATIVE | The low ADX value for ZBH suggests a weak or negative trend. |
90.79
+0.26 (+0.29%)
ZIMMER BIOMET HOLDINGS INC / ZBH FAQ
Can you provide the ChartMill technical rating for ZIMMER BIOMET HOLDINGS INC?
ChartMill assigns a technical rating of 0 / 10 to ZBH.
What is the current trend direction of ZIMMER BIOMET HOLDINGS INC (ZBH) stock?
The current trend direction for ZIMMER BIOMET HOLDINGS INC (ZBH) is Bearish.
What is the RSI signal for ZBH stock?
ZIMMER BIOMET HOLDINGS INC (ZBH) has an RSI value of 45.1922. This indicates that the stock is currently neutral.
What is the short term momentum for ZBH stock?
The short term momentum for ZIMMER BIOMET HOLDINGS INC (ZBH) is negative.
Can you provide the support and resistance levels for ZIMMER BIOMET HOLDINGS INC?
ZIMMER BIOMET HOLDINGS INC (ZBH) has a support level at 90.48 and a resistance level at 97.83. Check the full technical report for our detailed analysis of ZBH support and resistance levels.