Zions Bancorporation Pfd. Forecast and Stock Analysis
Technical ZBK stock analysis for February 15, 2019.
Zions Bancorporation Pfd. fell by -0.16% in the last day from $28.74 to $28.70 The price has fallen in 6 of the last 10 days and is down by -2.57% for this period. Volume has increased in the last day by 358 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 358 shares bought and sold for approximately $10 274.60.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the ZBK stock was $28.70. This is 0.16% less than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 0.63% from a day low at $28.70 to a day high of $28.88.
30 day high of the ZBK stock price was $29.95 and low was $28.00.
90 day high was $29.95 and low was $27.56.
52 week high for the Zions Bancorporation Pfd. - $30.86 and low - $27.38.
Zions Bancorporation Pfd. 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 3.74% during the next 3 months and, with 90% probability hold a price between $29.27 and $30.94 at the end of this period.
There are few to none technical positive signals at the moment. Zions Bancorporation Pfd. holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $28.94 and $28.81. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday February 11, 2019, which indicates further falls until a new bottom pivot has been found. Zions Bancorporation Pfd. gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 44 and the stock is currently not being overbought or oversold
Support & Resistance
Zions Bancorporation Pfd. finds support from accumulated volume at $28.52.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.18 (0.63%) between high and low. For the last week, the stock has had a daily average volatility of 1.47%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The Zions Bancorporation Pfd. stock holds several negative signals and despite the positive trend we believe Zions Bancorporation Pfd. will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.