Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

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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Zimmer Biomet Holdings stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 18, 2024 Gain 4.78% PDF

The Zimmer Biomet Holdings stock price fell by -0.475% on the last day (Thursday, 28th Mar 2024) from $132.61 to $131.98. During the last trading day the stock fluctuated 1.69% from a day low at $131.62 to a day high of $133.85. The price has risen in 6 of the last 10 days and is up by 4.97% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -276 thousand shares and in total, 1 million shares were bought and sold for approximately $188.11 million.

The stock lies in the upper part of a weak rising trend in the short term, and this may 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 $132.73 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.90% during the next 3 months and, with a 90% probability hold a price between $132.88 and $140.56 at the end of this 3-month period.

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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 $128.74 and $126.30. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -0.475%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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 $2.23 between high and low, or 1.69%. For the last week the stock has had daily average volatility of 1.51%.

Our recommended stop-loss: $126.99 (-3.78%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (ZBH) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Zimmer Biomet Holdings to open at $132.48, and during the day (based on 14 day Average True Range), to move between $129.90 and $134.06, which gives a possible trading interval of +/-$2.08 (+/-1.57%) up or down from last closing price. If Zimmer Biomet Holdings takes out the full calculated possible swing range there will be an estimated 3.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $132.61 (0.48%) than the support at $123.04 (6.77%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Zimmer Biomet Holdings stock A Buy?

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 Zimmer Biomet Holdings stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.298 Buy Candidate Upgraded

Predicted Opening Price for Zimmer Biomet Holdings of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$132.48 ( 0.381%) $131.98

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 134.71 2.07 %
R2 133.86 1.43 %
R1 133.34 1.03 %
Current price: 131.98
Support S1 131.63 -0.264 %
S2 131.11 -0.663 %
S3 130.25 -1.31 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 132.61 0.477 %
Current price 131.98
Support S1 123.04 -6.77%
S2 122.80 -6.96%
S3 121.87 -7.66%

ZBH Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 27, 2024 Mar 27, 2024 Apr 30, 2024 $0.240 0.182%
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?
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 Zimmer Biomet Holdings stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy 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 2024-03-28, the price of an Zimmer Biomet Holdings (ZBH) share was $131.98.

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 2024-03-28, the market capitalization of Zimmer Biomet Holdings is 27.556B.

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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