ZIONS BANCORP NA (ZION)       47.38  +0.33 (+0.7%)

47.38  +0.33 (+0.7%)

US9897011071 - Common Stock - After market: 47.38 0 (0%)

Technical Rating

0

We assign a technical rating of 0 out of 10 to ZION. ZION scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.



ZION has an average volume of 1572790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, ZION is a bad performer in the overall market: 72% of all stocks are doing better.
ZION is one of the lesser performing stocks in the Banks industry. 92% of 326 stocks in the same industry do better.
ZION is currently trading near the lower end of its 52 week range, which is not a good sign. ZION is lagging the S&P500 Index which is trading in the middle of its 52 week range.
In the last month ZION has a been trading in the 45.97 - 56.10 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.

Statistics

1 Month 3 Months 6 Months 12 Months -4.69% -19.24% -10.25% -25.04% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 28.49 45.97 - 75.44
ZION Weekly chart
ZION Daily chart

Support/Resistance Analysis


46.57

57.96
When analyzing the support we notice one important area.
  • A support zone ranging from 47.04 to 47.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
  • A resistance zone ranging from 50.77 to 52.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 53.56 to 53.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 54.52 to 54.90. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Resistance @57.39 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

3

The technical rating of ZION is bad and it also does not present a quality setup 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.


ZION Daily chart

ZIONS BANCORP NA47.38

NASDAQ:ZION (12/8/2022, 7:17:17 PM)+0.33 (+0.7%)

After market: 47.38 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Banks
Performance
Today 0.7% 1 Week -8.87%
2 Weeks -8.04% 1 Month -4.69%
3 Month -19.24% 6 Month -10.25%
Volatility
ATR(14) 1.62 ATR(20)% 3.97%
ATR Inc -33.58% Range Today 0.72
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 28.49 Mansfield -1.49
10 Day High 52.61 10 Day Low 45.97
20 Day High 56.1 20 Day Low 45.97
52 Week High 75.44 52 Week Low 45.97
CS1 End 47.37 CR1 Start 50.77
Volume & EV
DER(3) 1.09% DER(5) -0.47%
Volume 1.17M Volume Incr 28.27%
Vol(5) 1.78M Vol(50) 1.57M

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