ZIMMER BIOMET HOLDINGS INC (ZBH) Stock Technical Analysis
NYSE:ZBH - New York Stock Exchange, Inc. - US98956P1021 - Common Stock - Currency: USD
Overall ZBH gets a technical rating of 0 out of 10. 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.
When comparing the yearly performance of all stocks, ZBH is a bad performer in the overall market: 83% of all stocks are doing better.
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.
In the last month ZBH has a been trading in the 89.22 - 97.56 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ZBH has an average volume of 2442610 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 188 other stocks in this industry, ZBH did better than 47% of them.
Considerably lower volume is observed in the last couple of days.
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 a support zone below the current price at 90.48, a Stop Loss order could be placed below this zone.
More info and screens
89.58
116.61
We found 1 important support area.
- A support zone ranging from 90.48 to 90.48. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- Resistance @94.92 from a horizontal line in the daily time frame.
- Resistance @108.09 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 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 | 17.81 | NEGATIVE | ZBH has a low relative strength, it was outperformed by 82.19% 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) | 45.58 | NEUTRAL | The RSI value for ZBH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.49 | POSITIVE | The MACD value suggests ZBH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.5 | OVERBOUGHT | The high Stochastics value suggests ZBH may be overbought. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for ZBH suggests some volalility. |
| Average Directional Index/ADX (14) | 28.9 | 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)
93.26
-0.98 (-1.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-1.04%
1 Week1.46%
2 Weeks-0.09%
1 Month-2.17%
3 Month-15.2%
6 Month-12.63%
12 Month-13%
2 Year-35.95%
3 Year-11.23%
5 Year-21.87%
10 Year-14.62%
15 YearN/A
Volatility
ATR(14)1.96
ATR(20)%2.1%
ATR Inc-32.03%
Range Today1.34
ADR(20)1.85
ADR(20)%1.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.81
Mansfield-1.65
10 Day High95.35
10 Day Low89.22
20 Day High97.56
20 Day Low89.22
52 Week High116.71
52 Week Low89.22
CS1 End90.48
CR1 Start94.92
Volume & EV
DER(3)-2.5%
DER(5)-1.59%
Volume1.11M
Volume Incr-47.28%
Vol(5)1.33M
Vol(50)2.44M