Zions Bancorporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Zions Bancorporation stock upgraded from Strong Sell Candidate to Sell Candidate after Friday trading session.
(Updated on Feb 07, 2020)
No changes to the price of Zions Bancorporation stock on the last trading day (Friday, 7th Feb 2020). During the last trading day the stock fluctuated 5.39% from a day low at $13.37 to a day high of $14.09. The price has risen in 5 of the last 10 days but is still down by -27.16% for this period.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -15.20% during the next 3 months and, with a 90% probability hold a price between $10.38 and $14.77 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ZIONW Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, February 05, 2020, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Zions Bancorporation 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 $15.05 and $16.94. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Zions Bancorporation stock
Zions Bancorporation finds support from accumulated volume at $12.76 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.720 between high and low, or 5.39%. For the last week the stock has had daily average volatility of 2.43%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ZIONW) For The Upcoming Trading Day Of Monday 10th
For the upcoming trading day on Monday, 10th we expect Zions Bancorporation to open at $13.61, and during the day (based on 14 day Average True Range), to move between $12.52 and $14.24, which gives a possible trading interval of +/-$0.86 (+/-6.41%) up or down from last closing price. If Zions Bancorporation takes out the full calculated possible swing range there will be an estimated 12.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.76 (4.61%) than the resistance at $14.30 (6.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Zions Bancorporation stock A Buy?
Zions Bancorporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.310 Sell Candidate Upgraded
Predicted Opening Price for Zions Bancorporation of Monday, February 10, 2020
| Fair opening price February 10, 2020 | Current price |
|---|---|
| $13.61 ( 1.74%) | $13.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZIONW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.33 | 7.13 % | |
| R2 | 14.06 | 5.07 % | ||
| R1 | 13.89 | 3.80 % | ||
| Current price: | 13.38 | |||
| Support | S1 | 13.34 | -0.312 % | |
| S2 | 13.17 | -1.58 % | ||
| S3 | 12.89 | -3.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.78 | 17.94 % | |
| R2 | 14.95 | 11.73 % | ||
| R1 | 14.30 | 6.88 % | ||
| Current price | 13.38 | |||
| Support | S1 | 12.76 | -4.61% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy Zions Bancorporation Stock.
