Zions Bancorp, National Association Stock Forecast
Zions Bancorp, National Association stock price up 0.539% on Friday
(Updated on Jun 28, 2024)
The Zions Bancorp, National Association stock price gained 0.539% on the last trading day (Friday, 28th Jun 2024), rising from $21.30 to $21.41. During the last trading day the stock fluctuated 0.95% from a day low at $21.21 to a day high of $21.41. The price has risen in 6 of the last 10 days and is up by 3.96% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 2 thousand shares were bought and sold for approximately $42.27 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $20.92 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.08% during the next 3 months and, with a 90% probability hold a price between $22.82 and $26.05 at the end of this 3-month period.
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ZIONP Signals & Forecast
The Zions Bancorp, National Association stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $21.18 and $21.30. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 3.96%. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Zions Bancorp, National Association stock
On the downside, the stock finds support just below today's level from accumulated volume at $20.00 and $19.99. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Zions Bancorp, National Association finds support just below today's level at $20.00. If this is broken, then the next support from accumulated volume will be at $19.99 and $19.85.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.201 between high and low, or 0.95%. For the last week the stock has had daily average volatility of 1.19%.
Our recommended stop-loss: $20.28 (-5.28%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (ZIONP) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Zions Bancorporation, National Association to open at $21.35, and during the day (based on 14 day Average True Range), to move between $20.94 and $21.89, which gives a possible trading interval of +/-$0.477 (+/-2.23%) up or down from last closing price. If Zions Bancorporation, National Association takes out the full calculated possible swing range there will be an estimated 4.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.91 (2.29%) than the support at $20.00 (6.61%), 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, National Association stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Zions Bancorp, National Association stock to perform well in the short-term.
Current score: 3.129 Buy Candidate Unchanged
Predicted Opening Price for Zions Bancorporation, National Association of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $21.35 ( 0.312%) | $21.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZIONP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.55 | 0.625% |
| R2 | 21.47 | 0.267% |
| R1 | 21.42 | 0.0456% |
| Price | 21.41 | |
| S1 | 21.27 | -0.670% |
| S2 | 21.22 | -0.89% |
| S3 | 21.15 | -1.25% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.00 | 7.40% |
| R2 | 22.80 | 6.47% |
| R1 | 21.91 | 2.29% |
| Price | 21.41 | |
| S1 | 20.00 | -6.61% |
| S2 | 19.99 | -6.65% |
| S3 | 19.85 | -7.31% |
ZIONP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | May 31, 2024 | Jun 15, 2024 | $0.390 | 1.89% |
| 2 | Feb 02, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.390 | 1.90% |
| 3 | Oct 27, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.391 | 2.00% |
| 4 | Jul 28, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.388 | 1.96% |
| 5 | May 05, 2023 | May 31, 2023 | Jun 15, 2023 | $0.344 | 1.82% |
FAQ
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