Today ZBH ranks # as BUY CANDIDATE.
Today ZBH ranks # as BUY CANDIDATE.

ZBH stock Zimmer Biomet Holdings

ZBH stock
Zimmer Biomet Holdings

February 15, 2019
Change 0.95%
Chart period: 2018-11-16 - 2019-02-15
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will ZBH stock price go up or down on Tue, 19 Feb 2019?

Zimmer Biomet Holdings Forecast and Stock Analysis

Technical ZBH stock analysis for February 15, 2019.

Buy candidate since 2019-02-14 Gain 0.95%
Shorts 2.25% ( 2019-01-31 )
Cash n/a
Loans n/a
Beta 1.22
ROA -1.52

Zimmer Biomet Holdings gained 0.95% in the last trading day, rising from $122.49 to $123.65 The price has risen in 7 of the last 10 days and is up by 6.05% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.35 million more shares were traded than the day before. In total, 1.19 million shares bought and sold for approximately $147.10 million.

Close price at the end of the last trading day (Friday, 15th Feb 2019) of the ZBH stock was $123.65. This is 0.95% more than the trading day before Thursday, 14th Feb 2019.

During day the stock fluctuated 1.48% from a day low at $122.42 to a day high of $124.23.

30 day high of the ZBH stock price was $124.44 and low was $103.17.
90 day high was $124.44 and low was $96.99.
52 week high for the Zimmer Biomet Holdings - $134.55 and low - $96.99.

Trend

Zimmer Biomet Holdings lies in the upper part of a wide and weak rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $124.15 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 3.36% during the next 3 months and, with 90% probability hold a price between $103.00 and $128.32 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

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 $122.11 and $109.45. A break down below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday February 12, 2019, which indicates further falls until a new bottom pivot has been found.

The stock had a Golden Star Signal* on Thursday January 24, 2019 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday March 06, 2018.

* 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.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 92 and the stock is extremely overbought on RSI14, but may also ontinue to gain. Some stocks see their best performance while being overbought, but very seldom does RSI remain so high for a long time without short corrections. Risk has therefore increased and larger daily movements can be expected for the next couple of days.

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $103.72 and $101.57.

There is 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, Zimmer Biomet Holdings finds support just below today's level at $103.72. If this is broken, then the next support from accumulated volume will be at $101.57 and $99.38.

Support: $103.72 Price: $123.65 Resistance: $123.95

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 $1.81 between high and low, or 1.48%. For the last week, the stock has had a daily average volatility of 1.46%.

The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stoploss: $118.68 (-4.02%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 92 and this increases the risk substantially. There is a sell signal from pivot top found 3 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

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.

Today ZBH ranks # as BUY CANDIDATE.
Today ZBH ranks # as BUY CANDIDATE.