ZIONS BANCORP NA (ZION) Stock Technical Analysis
NASDAQ:ZION - Nasdaq - US9897011071 - Common Stock - Currency: USD
Taking everything into account, ZION scores 7 out of 10 in our technical rating. Although ZION has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
ZION is one of the better performing stocks in the Banks industry, it outperforms 74% of 395 stocks in the same industry.
In the last month ZION has a been trading in the 47.16 - 55.93 range, which is quite wide. It is currently trading near the high of this range.
ZION has an average volume of 1354990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, ZION did better than 83% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
ZION is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ZION is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ZION has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
40.34
56.06
When analyzing the support we can see 5 important areas.
- A support zone ranging from 48.23 to 48.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 46.58 to 47.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @43.46 from a trend line in the weekly time frame.
- Support @41.99 from a trend line in the weekly time frame.
- Support @40.75 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 | NEUTRAL | NEUTRAL | The long term trend for ZION is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZION is up. |
| ChartMill Relative Strength | 83.8 | POSITIVE | ZION has a high relative strength, it outperformed 83.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ZION is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ZION is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ZION is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.97 | OVERBOUGHT | The high RSI value suggests ZION may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.64 | POSITIVE | The MACD value suggests ZION has a positive trend. |
| Stochastics (14,3) | 94.66 | OVERBOUGHT | The high Stochastics value suggests ZION may be overbought. |
| Average True Range in percent/ATR (20) | 2.16 | MEDIUM VOLATILITY | The ATR as a percentage value for ZION suggests some volalility. |
| Average Directional Index/ADX (14) | 23.49 | NEUTRAL | The ADX value for ZION 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)
55.5
+0.73 (+1.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.33%
1 Week7.98%
2 Weeks14.84%
1 Month16.65%
3 Month34.09%
6 Month1.11%
12 Month30.62%
2 Year45.1%
3 Year1.74%
5 Year70.93%
10 Year77.94%
15 Year150.11%
Volatility
ATR(14)1.26
ATR(20)%2.16%
ATR Inc-1.5%
Range Today1.28
ADR(20)1.09
ADR(20)%1.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.8
Mansfield0.05
10 Day High55.93
10 Day Low48.06
20 Day High55.93
20 Day Low47.17
52 Week High63.22
52 Week Low39.32
CS1 End51.01
CR1 Start51.48
Volume & EV
DER(3)3.19%
DER(5)1.25%
Volume1.08M
Volume Incr22.61%
Vol(5)1.44M
Vol(50)1.35M