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 1 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
83% of all other stocks performed better in the past year than ZBH.
ZBH 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.
ZBH has an average volume of 1930200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ZBH is an average performer in the Health Care Equipment & Supplies industry, it outperforms 48% of 187 stocks in the same industry.
In the last month ZBH has a been trading in the 89.33 - 97.92 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
89.31
116.61
We found 1 important support area.
- A support zone ranging from 90.21 to 90.62. 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 93.17 to 94.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 96.18 to 98.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @105.06 from a trend line in the weekly time frame.
- Strong resistance @110.17 from a horizontal line in the daily time frame.
- A resistance zone ranging from 112.10 to 112.54. 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 | 17.64 | NEGATIVE | ZBH has a low relative strength, it was outperformed by 82.36% 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) | UP | MIXED | The current price of ZBH is below the rising 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) | 43.98 | NEUTRAL | The RSI value for ZBH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.46 | NEGATIVE | The MACD value suggests ZBH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.52 | NEUTRAL | The Stochastics value for ZBH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for ZBH suggests some volalility. |
| Average Directional Index/ADX (14) | 20.9 | NEUTRAL | The ADX value for ZBH suggests a possible start of a new 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)
92.05
-0.35 (-0.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.38%
1 Week-3.05%
2 Weeks-4.63%
1 Month-1.52%
3 Month-3.32%
6 Month-8.8%
12 Month-14.83%
2 Year-22.72%
3 Year-13.42%
5 Year-34.66%
10 Year-11.11%
15 YearN/A
Volatility
ATR(14)2.06
ATR(20)%2.32%
ATR Inc-3.64%
Range Today1.48
ADR(20)2.08
ADR(20)%2.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.64
Mansfield-1.72
10 Day High97.92
10 Day Low89.33
20 Day High97.92
20 Day Low89.33
52 Week High116.71
52 Week Low89.22
CS1 End90.62
CR1 Start93.17
Volume & EV
DER(3)2.65%
DER(5)3.44%
Volume1.88M
Volume Incr13.34%
Vol(5)1.93M
Vol(50)1.93M