Social Sentiment for ZBH
Bullish vs. Bearish opinions
Weighted Sentiment 0.80
Zimmer Biomet Holdings Forecast and Stock Analysis
Technical ZBH stock analysis for Friday June 14, 2019.
Zimmer Biomet Holdings fell by -2.68% in the last day ( Friday, 14th Jun 2019 ) from $120.69 to $117.45 During day the stock fluctuated 2.76% from a day low at $116.87 to a day high of $120.10. The price has risen in 7 of the last 10 days and is up by 3.09% over the past 2 weeks. Volume has increased in the last day by 1.32 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.32 million shares bought and sold for approximately $155.29 million.
Quick summary:
- 30 day high of the ZBH stock price was $123.67 and low was $111.17.
- 90 day high was $129.71 and low was $111.17.
- 52 week high for the Zimmer Biomet Holdings - $134.55 and low - $96.99.
Trend
Zimmer Biomet Holdings lies in the middle of a 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 -9.85% during the next 3 months and, with 90% probability hold a price between $98.64 and $108.97 at the end of this period.
Signals
There are few to none technical positive signals at the moment. Zimmer Biomet Holdings holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $120.29 and $118.90. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday June 10, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 59 and the stock is currently not being overbought or oversold
Support & Resistance
Zimmer Biomet Holdings finds support from accumulated volume at $116.42.
Risk
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $3.23 (2.76%) between high and low. For the last week, the stock has had a daily average volatility of 1.78%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
1.78 %
Average volatilityOverall risk:
Very Low Low Medium High Very High
Evaluation:
Zimmer Biomet Holdings holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Strong Sell Candidate.
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