ZIONS BANCORP NA (ZION) Stock Technical Analysis
NASDAQ:ZION - Nasdaq - US9897011071 - Common Stock - Currency: USD
Taking everything into account, ZION scores 2 out of 10 in our technical rating. ZION has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
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.
ZION is part of the Banks industry. There are 396 other stocks in this industry, of which 68% are performing better than ZION.
In the last month ZION has a been trading in the 45.24 - 50.21 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
ZION has an average volume of 1990590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, ZION turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
ZION is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ZION is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
ZION has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
40.34
51.52
When analyzing the support we can see 2 important areas.
- Support @42.82 from a trend line in the weekly time frame.
- A support zone ranging from 40.75 to 41.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 47.34 to 48.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 49.23 to 49.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @51.01 from a horizontal line in the daily 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 ZION is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ZION is neutral. |
| ChartMill Relative Strength | 59.26 | NEUTRAL | ZION is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ZION is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ZION is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ZION is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.77 | NEUTRAL | The RSI value for ZION is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests ZION has a negative trend. |
| Stochastics (14,3) | 38.95 | NEUTRAL | The Stochastics value for ZION is a neutral value. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for ZION suggests some volalility. |
| Average Directional Index/ADX (14) | 14.15 | NEGATIVE | The low ADX value for ZION suggests a weak or negative 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)
46.95
-0.41 (-0.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.87%
1 Week0.79%
2 Weeks-4.61%
1 Month0.73%
3 Month-6.38%
6 Month-20.64%
12 Month13.02%
2 Year74.8%
3 Year-7.76%
5 Year38.09%
10 Year47.92%
15 Year117.66%
Volatility
ATR(14)1.02
ATR(20)%2.51%
ATR Inc-18.46%
Range Today1.15
ADR(20)0.99
ADR(20)%2.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.26
Mansfield-0.97
10 Day High49.14
10 Day Low45.52
20 Day High50.21
20 Day Low45.25
52 Week High63.22
52 Week Low39.32
CS1 End42.82
CR1 Start47.34
Volume & EV
DER(3)1.07%
DER(5)0.28%
Volume1.35M
Volume Incr-20.11%
Vol(5)1.22M
Vol(50)1.99M