ZBK Forecast and Technical Stock AnalysisBuy candidate since 2019-07-12
Zions Bancorporation Pfd. gained 0.66% in the last trading day ( Friday, 12th Jul 2019 ), rising from $28.37 to $28.56 During day the stock fluctuated 1.26% from a day low at $28.27 to a day high of $28.63. The price has risen in 5 of the last 10 days and is up by 0.39% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 2 570 more shares were traded than the day before. In total, 7 199 shares bought and sold for approximately $205 603.00.
- 30 day high of the ZBK stock price was $28.63 and low was $28.09.
- 90 day high was $29.19 and low was $28.09.
- 52 week high for the Zions Bancorporation Pfd. - $31.91 and low - $27.56.
Zions Bancorporation Pfd. lies the upper part of a narrow and falling trend in the short term, and this will 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 $28.64 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.10% during the next 3 months and, with 90% probability hold a price between $27.22 and $27.75 at the end of this period.
Only positive signals in the chart today. Zions Bancorporation Pfd. holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $28.41 and $28.53. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday June 19, 2019, which indicates further gains until a new top pivot has been found. Zions Bancorporation Pfd. has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 58 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 behavior.
Support & Resistance
Zions Bancorporation Pfd. finds support from accumulated volume at $28.45.
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 $0.36 (1.26%) between high and low. For the last week, the stock has had a daily average volatility of 0.45%.
Our recommended stoploss: $26.91 (-5.79%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 16 days ago.)
0.45 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive, despite the stock being in a falling trend, 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. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.
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