ZIMMER BIOMET HOLDINGS INC (ZBH) Stock Technical Analysis
NYSE:ZBH - New York Stock Exchange, Inc. - US98956P1021 - Common Stock - Currency: USD
Taking everything into account, ZBH scores 0 out of 10 in our technical rating. ZBH's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
78% of all other stocks performed better in the past year than ZBH.
ZBH is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ZBH is lagging the market.
In the last month ZBH has a been trading in the 89.92 - 103.28 range, which is quite wide. It is currently trading near the lows of this range.
ZBH has an average volume of 2382990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ZBH is part of the Health Care Equipment & Supplies industry. There are 189 other stocks in this industry, ZBH did better than 55% of them.
ZBH has a poor technical rating and the quality of the setup is also only medium 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
90.75
116.61
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 95.33 to 97.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 100.93 to 103.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 110.17 to 113.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 22.16 | NEGATIVE | ZBH has a low relative strength, it was outperformed by 77.84% 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) | 34.92 | NEUTRAL | The RSI value for ZBH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests ZBH has a negative trend. |
| Stochastics (14,3) | 26.59 | NEUTRAL | The Stochastics value for ZBH is a neutral value. |
| Average True Range in percent/ATR (20) | 3 | MEDIUM VOLATILITY | The ATR as a percentage value for ZBH suggests some volalility. |
| Average Directional Index/ADX (14) | 28.7 | POSITIVE | The high ADX value value for ZBH suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
91.67
-1.07 (-1.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-1.15%
1 Week-5.23%
2 Weeks-3.62%
1 Month-9.68%
3 Month-12.55%
6 Month-16.83%
12 Month-21.25%
2 Year-28.01%
3 Year-23.74%
5 Year-27.44%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.06
ATR(20)%3%
ATR Inc-19.06%
Range Today2.05
ADR(20)2.5
ADR(20)%2.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.16
Mansfield-1.64
10 Day High99.88
10 Day Low91
20 Day High103.28
20 Day Low89.92
52 Week High117.45
52 Week Low89.92
CS1 EndN/A
CR1 Start95.33
Volume & EV
DER(3)-3.95%
DER(5)-1.65%
Volume2.08M
Volume Incr-3.4%
Vol(5)2.58M
Vol(50)2.38M