ZBH Forecast and Technical Stock Analysis
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.
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.
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.
* 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.
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.
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 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!
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