ZBH stock forecast
Zimmer Biomet Holdings gained 1.23% in the last trading day ( Wednesday, 11th Dec 2019 ), rising from $145.23 to $147.01 During the day the stock fluctuated 1.29% from a day low at $145.25 to a day high of $147.12. The price has fallen in 6 of the last 10 days , but is still up by 1.48% over the past 2 weeks. Volume fell in the last day by -178 665 shares and in total, 638 403 shares bought and sold for approximately $93.85 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 $150.79 and low was $140.93.
- 90 day high was $150.79 and low was $130.27.
- 52 week high for Zimmer Biomet Holdings - $150.79 and low - $96.99.
Trend
Zimmer Biomet Holdings lies in the middle of a weak 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 7.96% during the next 3 months and, with 90% probability hold a price between $150.32 and $164.29 at the end of this period.
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 $146.70 and $142.69. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday December 10, 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 61 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 $140.31.
Risk
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.87 (1.29%) between high and low. For the last week, the stock has had daily average volatility of 1.42%.
Our recommended stop-loss: $139.73 (-4.95%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
1.42 %
Average volatilityOverall risk:
Very Low Low Medium High Very High
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.
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!
Latest ZBH News
Zimmer (ZBH) Up 3.6% Since Last Earnings Report: Can It Continue?
04:31pm, Thursday, 05'th Dec 2019
The Daily Biotech Pulse: Aurinia Rips Higher On Positive Readout, Sesen Bio On Track For Vicinium BLA Submission
12:14pm, Thursday, 05'th Dec 2019
Zimmer (ZBH) Hits 52-Week High: What's Driving the Stock?
03:43pm, Tuesday, 19'th Nov 2019
The Daily Biotech Pulse: Therapix To Reverse Merge With CBD Company, Crispr Gene Editing Therapy Readout
12:56pm, Tuesday, 19'th Nov 2019
Insider Selling: Zimmer Biomet Holdings Inc (NYSE:ZBH) Insider Sells 15,171 Shares of Stock
09:49am, Monday, 18'th Nov 2019
The Daily Biotech Pulse: Merck Goes Shopping, Nuvectra Files For Bankruptcy Protection, Opiant Rips Higher
12:10pm, Wednesday, 13'th Nov 2019
FY2019 Earnings Estimate for Zimmer Biomet Holdings Inc Issued By Jefferies Financial Group (NYSE:ZBH)
12:38pm, Friday, 08'th Nov 2019Proudly made at
