Zions Technical Analysis (NASDAQ:ZION)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. 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.
See Zions bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Zions stock analysis.
Zions Moving Average
Moving averages show the ZION stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $52.87 is below the last closing price of $55.26 and the 50 day moving average of $54.11 is below the last closing price of $55.26. The 10 and 20 day periods can predict short term moving average trends.
Zions Bollinger Bands
Bollinger bands comprise of a center line usually ZION SMA, and two ZION stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Zions bollinger bands show that the stock price is $55.26, upper band is 55.1, lower band is 50.65, and the average is 52.87.
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 line is above the signal line.
Zions Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of ZION stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.