ZIONS BANCORP NA (ZION) Stock Technical Analysis
USA - NASDAQ:ZION - US9897011071 - Common Stock
58.7 USD
-0.45 (-0.76%)
58.85 USD
+0.15 (+0.26%)
Taking everything into account, ZION scores 8 out of 10 in our technical rating. Although ZION is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
ZION is part of the Banks industry. There are 392 other stocks in this industry. ZION outperforms 82% of them.
ZION is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ZION is lagging the market slightly.
In the last month ZION has a been trading in the 53.83 - 59.40 range, which is quite wide. It is currently trading near the high of this range.
ZION has an average volume of 1513010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that ZION is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Besides having an excellent technical rating, ZION also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 57.75, a Stop Loss order could be placed below this zone.
More info and screens
40.34
59.29
We found 6 important support areas.
- A support zone ranging from 56.52 to 57.75. 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 54.94 to 55.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @52.03 from a horizontal line in the weekly time frame.
- Support @51.19 from a horizontal line in the daily time frame.
- Support @45.21 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 | UP | POSITIVE | The long term trend for ZION is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZION is up. |
| ChartMill Relative Strength | 79.36 | POSITIVE | ZION has a high relative strength, it outperformed 79.36% 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) | DOWN | MIXED | The current price of ZION is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.75 | NEUTRAL | The RSI value for ZION is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ZION has a positive trend. |
| Stochastics (14,3) | 79.72 | NEUTRAL | The Stochastics value for ZION is a neutral value. |
| Average True Range in percent/ATR (20) | 2.41 | MEDIUM VOLATILITY | The ATR as a percentage value for ZION suggests some volalility. |
| Average Directional Index/ADX (14) | 19.47 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 59.41 | 56.51 | 2.90 (4.88%) | 20.49% |
| An entry @59.41. This is a Buy Stop order right above the 10 day high. | An exit @56.51. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.90 points, which is 4.88%. | For a 1.00% total portfolio risk, you can invest 20.49% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
58.7
-0.45 (-0.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.76%
1 Week0.48%
2 Weeks3.86%
1 Month9.72%
3 Month20.83%
6 Month18.56%
12 Month22.32%
2 Year68.24%
3 Year15.41%
5 Year100.89%
10 Year113.15%
15 Year174.81%
Volatility
ATR(14)1.48
ATR(20)%2.41%
ATR Inc3.75%
Range Today1.17
ADR(20)1.37
ADR(20)%2.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.36
Mansfield0.02
10 Day High59.4
10 Day Low55.53
20 Day High59.4
20 Day Low53.83
52 Week High63.22
52 Week Low39.32
CS1 End57.75
CR1 StartN/A
Volume & EV
DER(3)2.79%
DER(5)0.82%
Volume3.45M
Volume Incr35.15%
Vol(5)1.78M
Vol(50)1.51M