Weaker Buy Today ZBH ranks #761 as BUY CANDIDATE #761 Stronger Buy

ZBH stock forecast Zimmer Biomet Holdings

ZBH stock forecast

VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

ZBH Forecast and Technical Stock Analysis

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Buy candidate since 2019-08-05 Gain 2.70%

Zimmer Biomet Holdings gained 1.13% in the last trading day ( Monday, 19th Aug 2019 ), rising from $137.01 to $138.56 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 1.14% from a day low at $137.40 to a day high of $138.96. The price has risen in 7 of the last 10 days and is up by 2.7% over the past 2 weeks. Volume fell in the last day by -266 408 shares and in total, 560 629 shares bought and sold for approximately $77.68 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Quick summary:

  • 30 day high of the ZBH stock price was $139.77 and low was $122.58.
  • 90 day high was $139.77 and low was $111.17.
  • 52 week high for Zimmer Biomet Holdings - $139.77 and low - $96.99.
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Trend

Zimmer Biomet Holdings lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 21.75% during the next 3 months and, with 90% probability hold a price between $157.69 and $173.51 at the end of this period.

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Signals

Only positive signals in the chart today. Zimmer Biomet Holdings holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $137.12 and $128.76. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday August 14, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

The stock had a Golden Star Signal* on Monday July 01, 2019 in the short-term chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
18.114397749552

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Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 54 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

Zimmer Biomet Holdings finds support from accumulated volume at $135.13.

Support: $135.13 Price: $138.56 Resistance: $138.93

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.56 between high and low, or 1.14%. For the last week, the stock has had a daily average volatility of 1.16%.

Our recommended stop-loss: $132.05 (-4.70%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 3 days ago.)

1.16 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Downgraded

Evaluation

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 this stock to perform well in the short-term.

Weaker Buy Today ZBH ranks #761 as BUY CANDIDATE #761 Stronger Buy

Will ZBH stock price go up or down on Wed, 21 Aug 2019?

Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!

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