ZIMMER BIOMET HOLDINGS INC (ZBH) Stock Technical Analysis
USA - NYSE:ZBH - US98956P1021 - Common Stock
We assign a technical rating of 0 out of 10 to ZBH. 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 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
86.67
We found 1 important support area.
- 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.
6 important resistance areas can be observed.
- A resistance zone ranging from 89.91 to 90.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @101.74 from a horizontal line in the daily time frame.
- A resistance zone ranging from 103.39 to 104.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @108.63 from a trend line in the weekly time frame.
- Resistance @112.54 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 | 18.77 | NEGATIVE | ZBH has a low relative strength, it was outperformed by 81.23% 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) | 33.74 | NEUTRAL | The RSI value for ZBH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.73 | NEGATIVE | The MACD value suggests ZBH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.83 | NEUTRAL | The Stochastics value for ZBH is a neutral value. |
| Average True Range in percent/ATR (20) | 3.5 | MEDIUM VOLATILITY | The ATR as a percentage value for ZBH suggests some volalility. |
| Average Directional Index/ADX (14) | 21.68 | NEUTRAL | The ADX value for ZBH suggests a possible start of a new trend. |
88.64
-1.27 (-1.41%)
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 33.7403. 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 88.5 and a resistance level at 89.91. Check the full technical report for our detailed analysis of ZBH support and resistance levels.