RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ZBH
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Weaker technical forecast for Zimmer Biomet Holdings as stock downgraded to Hold/Accumulate.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 18, 2024 Gain 5.28% PDF

The Zimmer Biomet Holdings stock price gained 3.71% on the last trading day (Wednesday, 27th Mar 2024), rising from $127.87 to $132.61. During the last trading day the stock fluctuated 3.21% from a day low at $128.51 to a day high of $132.63. The price has risen in 6 of the last 10 days and is up by 4.76% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 782 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $225.66 million.

The stock has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $131.82, a level that may pose a second chance to hit a runner. According to fan-theory $138.47 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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ZBH Signals & Forecast

The Zimmer Biomet Holdings stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $127.98 and $126.17. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 01, 2024, and so far it has risen 6.93%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Zimmer Biomet Holdings stock

On the downside, the stock finds support just below today's level from accumulated volume at $123.04 and $122.80. There is a 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 $123.04. If this is broken, then the next support from accumulated volume will be at $122.80 and $121.87.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $4.12 between high and low, or 3.21%. For the last week the stock has had daily average volatility of 1.38%.

Our recommended stop-loss: $125.55 (-5.32%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)

Trading Expectations (ZBH) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Zimmer Biomet Holdings to open at $131.25, and during the day (based on 14 day Average True Range), to move between $130.55 and $134.67, which gives a possible trading interval of +/-$2.06 (+/-1.55%) up or down from last closing price. If Zimmer Biomet Holdings takes out the full calculated possible swing range there will be an estimated 3.11% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $123.04, some $9.57 (7.22%) from the current price of $132.61, our system finds the risk reward attractive.

Is Zimmer Biomet Holdings stock A Buy?

Zimmer Biomet Holdings holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Zimmer Biomet Holdings of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$131.25 ( 1.03%) $132.61

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ZBH

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 135.37 2.08 %
R2 133.80 0.89 %
R1 132.82 0.161 %
Current price: 132.61
Support S1 129.68 -2.21 %
S2 128.70 -2.95 %
S3 127.13 -4.13 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 132.61
Support S1 123.04 -7.22%
S2 122.80 -7.40%
S3 121.87 -8.10%

ZBH Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 27, 2024 Mar 27, 2024 Apr 30, 2024 $0.240 0.181%
2 Dec 14, 2023 Dec 26, 2023 Jan 31, 2024 $0.240 0.191%
3 Aug 25, 2023 Sep 28, 2023 Oct 31, 2023 $0.240 0.230%
4 May 15, 2023 Jun 26, 2023 Jul 31, 2023 $0.240 0.174%
5 May 15, 2023 Jun 23, 2023 Jul 31, 2023 $0.240 0.174%

FAQ

What is the symbol for Zimmer Biomet Holdings Stock and on which exchange is it traded?
The symbol for Zimmer Biomet Holdings is ZBH and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Zimmer Biomet Holdings Stock?
Zimmer Biomet Holdings holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Zimmer Biomet Holdings Stock?
Zimmer Biomet Holdings Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Zimmer Biomet Holdings Stock.

What's the current price of Zimmer Biomet Holdings Stock?
As of the end of day on the 2024-03-27, the price of an Zimmer Biomet Holdings (ZBH) share was $132.61.

What is the 52-week high and low for Zimmer Biomet Holdings Stock?
The 52-week high for Zimmer Biomet Holdings Stock is $149.25 and the 52-week low is $102.00.

What is the market capitalization of Zimmer Biomet Holdings Stock?
As of the 2024-03-27, the market capitalization of Zimmer Biomet Holdings is 27.687B.

When is the next earnings date for Zimmer Biomet Holdings?
The upcoming earnings date for Zimmer Biomet Holdings is May 07, 2024.
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About Zimmer Biomet Holdings

Zimmer Biomet Holdings Zimmer Biomet Holdings, Inc., together with its subsidiaries, operates in the musculoskeletal healthcare business in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company designs, manufactures, and markets orthopaedic reconstructive products, such as knee and hip products; S.E.T. products, including sports medicine, biologics, foot and ankle, extremities, and trauma products; spine products comprising medical devices an... ZBH Profile

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