Zions Technical Analysis (NASDAQ:ZION)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. Just by looking at the Zions stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the ZION stock chart which creates a trading signal.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Zions. The technical analysis form of Zions stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Zions Moving Average:
ZION stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Zions chart patterns after the calculations remain the same. The 100 day moving average of 42.95 is below the last closing price of 44.41. Moving averages can be used for ZION trend identification. A rising moving average shows that stock prices are generally increasing.
Zions Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Zions stock price relative to previous trades. The stock price is trading between the average and the upper band in the context of Zions bollinger bands.
Zions Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Zions MACD indicator is below 0 indicating a bearish trend.
Zions Relative Strength Index:
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 54.2 is the RSI value of ZION stock. .