Zions Bancorporation N.a. - 6.9 Stock Forecast
Red day on Friday for Zions Bancorporation N.a. - 6.9
(Updated on Jun 28, 2024)
The Zions Bancorporation N.a. - 6.9 stock price fell by -0.121% on the last day (Friday, 28th Jun 2024) from $25.40 to $25.37. During the last trading day the stock fluctuated 0.513% from a day low at $25.34 to a day high of $25.47. The price has been going up and down for this period, and there has been a 0.03% gain for the last 2 weeks. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 9 thousand shares were bought and sold for approximately $223.60 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Zions Bancorporation N.a. - 6.9 stock with a 90% probability to be traded between $25.01 and $25.63 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ZIONL Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 0.543%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Zions Bancorporation N.a. - 6.9 stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $25.39 and $25.55. A break-up above any of these levels will issue buy signals. Zions Bancorporation N.a. - 6.9 gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Zions Bancorporation N.a. - 6.9 stock
Zions Bancorporation N.a. - 6.9 finds support from accumulated volume at $25.34 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.130 between high and low, or 0.513%. For the last week the stock has had daily average volatility of 0.391%.
Our recommended stop-loss: $24.06 (-5.17%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (ZIONL) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Zions Bancorporation N.a. - 6.9 to open at $25.39, and during the day (based on 14 day Average True Range), to move between $25.26 and $25.48, which gives a possible trading interval of +/-$0.112 (+/-0.44%) up or down from last closing price. If Zions Bancorporation N.a. - 6.9 takes out the full calculated possible swing range there will be an estimated 0.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.38 (0.05%) than the support at $25.34 (0.12%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Zions Bancorporation N.a. - 6.9 stock A Buy?
Zions Bancorporation N.a. - 6.9 holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.659 Hold/Accumulate Unchanged
Predicted Opening Price for Zions Bancorporation N.a. - 6.9 of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $25.39 ( 0.0968%) | $25.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZIONL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.52 | 0.609% |
| R2 | 25.47 | 0.413% |
| R1 | 25.44 | 0.292% |
| Price | 25.37 | |
| S1 | 25.34 | -0.0988% |
| S2 | 25.31 | -0.220% |
| S3 | 25.26 | -0.415% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.76 | 1.54% |
| R2 | 25.45 | 0.322% |
| R1 | 25.38 | 0.0465% |
| Price | 25.37 | |
| S1 | 25.34 | -0.117% |
| S2 | 25.33 | -0.151% |
| S3 | 25.23 | -0.540% |
ZIONL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | May 31, 2024 | Jun 17, 2024 | $0.619 | 2.45% |
| 2 | Feb 02, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.603 | 2.38% |
| 3 | Oct 27, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.434 | 1.71% |
| 4 | Jul 28, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.434 | 1.74% |
| 5 | May 05, 2023 | May 31, 2023 | Jun 15, 2023 | $0.434 | 1.81% |
FAQ
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