ZIMMER BIOMET HOLDINGS INC (ZBH) Technical Analysis
NYSE:ZBH • US98956P1021
Current stock price
ZBH Technical Rating and Analysis
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.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, ZBH is a bad performer in the overall market: 78% of all stocks are doing better.
- ZBH is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ZBH is lagging the market.
- ZBH is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- ZBH has an average volume of 2184360 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 56% of 188 stocks in the same industry.
ZBH Weekly and Daily overview Charts
ZBH Setup Rating and Analysis
Although the technical rating is bad, ZBH does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 91.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 88.83, a Stop Loss order could be placed below this zone.
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ZBH Support and Resistance Analysis
84.85
When analyzing the support we notice one important area.
- A support zone ranging from 85.71 to 88.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 91.21 to 92.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @96.68 from a trend line in the weekly time frame.
- A resistance zone ranging from 98.75 to 101.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @103.98 from a horizontal line in the daily time frame.
- Resistance @110.81 from a horizontal line in the weekly time frame.
- Resistance @115.46 from a horizontal line in the weekly time frame.
ZBH Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for ZBH is neutral. |
| ChartMill Relative Strength | 22.52 | NEGATIVE | ZBH has a low relative strength, it was outperformed by 77.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ZBH is above 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) | 48.83 | NEUTRAL | The RSI value for ZBH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests ZBH has a positive trend. |
| Stochastics (14,3) | 52.47 | NEUTRAL | The Stochastics value for ZBH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for ZBH suggests some volalility. |
| Average Directional Index/ADX (14) | 25.64 | POSITIVE | The high ADX value value for ZBH suggests a strong trend. |
ZBH Chart- and CandleStick Pattern Analysis
ZBH Technicals: Chart, Performance Metrics, Trend & Indicators
90.89
-0.14 (-0.15%)
ZIMMER BIOMET HOLDINGS INC / ZBH TA FAQ
Can you provide the ChartMill technical rating for ZIMMER BIOMET HOLDINGS INC?
ChartMill assigns a technical rating of 1 / 10 to ZBH.
Can you provide the trend direction for ZIMMER BIOMET HOLDINGS INC?
The current trend direction for ZIMMER BIOMET HOLDINGS INC (ZBH) is Bearish.
What is the RSI signal for ZIMMER BIOMET HOLDINGS INC (ZBH) stock?
ZIMMER BIOMET HOLDINGS INC (ZBH) has an RSI value of 48.8285. This indicates that the stock is currently neutral.
What is the MACD signal for ZIMMER BIOMET HOLDINGS INC (ZBH) stock?
The MACD indicator for ZIMMER BIOMET HOLDINGS INC (ZBH) has a value of 0.169519, indicating a bearish trend.
What is the short term momentum for ZIMMER BIOMET HOLDINGS INC (ZBH) stock?
The short term momentum for ZIMMER BIOMET HOLDINGS INC (ZBH) is neutral.