ZIMMER BIOMET HLD. - Daily - Technical analysis published on 10/07/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Slightly bullish
Technical indicators
28%
39%
33%
My opinion
Neutral between 132.32 USD and 137.54 USD
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 132.32 USD. The first resistance is located at 137.54 USD. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by ZIMMER BIOMET HLD..
In the very short term, technical indicators are neutral and are not able to influence the opinion of this analysis.
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ZIMMER BIOMET HLD. rating is 135.34 USD. The price has increased by +0.66% since the last closing with the lowest point at 134.89 USD and the highest point at 137.11 USD. The deviation from the price is +0.33% for the low point and -1.29% for the high point.134.89
137.11
135.34
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ZIMMER BIOMET HLD.:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ZIMMER BIOMET HLD. indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that the overall trend could be reversed. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 117.59 | 124.46 | 132.32 | 135.34 | 137.54 | 142.61 |
| Change (%) | -13.12% | -8.04% | -2.23% | - | +1.63% | +5.37% |
| Change | -17.75 | -10.88 | -3.02 | - | +2.20 | +7.27 |
| Level | Minor | Minor | Major | - | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 128.30 | 129.29 | 131.11 | 132.10 | 133.92 | 134.91 | 136.73 |
| Camarilla | 132.17 | 132.43 | 132.68 | 132.94 | 133.20 | 133.46 | 133.71 |
| Woodie | 128.73 | 129.50 | 131.54 | 132.31 | 134.35 | 135.12 | 137.16 |
| Fibonacci | 129.29 | 130.36 | 131.02 | 132.10 | 133.17 | 133.83 | 134.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 121.39 | 127.48 | 130.69 | 136.77 | 139.98 | 146.07 | 149.27 |
| Camarilla | 131.34 | 132.19 | 133.04 | 133.90 | 134.75 | 135.60 | 136.45 |
| Woodie | 119.95 | 126.76 | 129.25 | 136.05 | 138.54 | 145.35 | 147.84 |
| Fibonacci | 127.48 | 131.03 | 133.22 | 136.77 | 140.32 | 142.52 | 146.07 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 123.43 | 128.62 | 132.94 | 138.13 | 142.46 | 147.64 | 151.97 |
| Camarilla | 134.65 | 135.53 | 136.40 | 137.27 | 138.14 | 139.01 | 139.89 |
| Woodie | 123.00 | 128.40 | 132.51 | 137.91 | 142.03 | 147.43 | 151.54 |
| Fibonacci | 128.62 | 132.25 | 134.49 | 138.13 | 141.76 | 144.01 | 147.64 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.53 | |
| MACD (12,26,9): | -0.7400 | |
| Directional Movement: | -8.17 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 135.97 | |
| Parabolic SAR (0,02-0,02-0,2): | 138.91 | |
| Elder Ray (13): | -2.08 | |
| Super Trend (3,10): | 141.07 | |
| Zig ZAG (10): | 134.45 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 21.82 | |
| TEMA (21): | 133.85 | |
| Williams %R (14): | -66.80 | |
| Chande Momentum Oscillator (20): | -4.72 | |
| Repulse (5,40,3): | 0.6900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 6.47 |
| MA7: | 134.22 | |
| MA20: | 137.59 | |
| MA50: | 137.05 | |
| MA100: | 127.66 | |
| MAexp7: | 134.68 | |
| MAexp20: | 136.41 | |
| MAexp50: | 134.77 | |
| MAexp100: | 130.69 | |
| Price / MA7: | +0.83% | |
| Price / MA20: | -1.64% | |
| Price / MA50: | -1.25% | |
| Price / MA100: | +6.02% | |
| Price / MAexp7: | +0.49% | |
| Price / MAexp20: | -0.78% | |
| Price / MAexp50: | +0.42% | |
| Price / MAexp100: | +3.56% |
News
The last news published on ZIMMER BIOMET HLD. at the time of the generation of this analysis was as follows:
- Zimmer Biomet Announces Chief Financial Officer Transition Plan
- Zimmer Biomet Holdings Announces Audio Webcast and Conference Call of Second Quarter 2019 Results
- Zimmer Biomet Announces Quarterly Dividend for Second Quarter of 2019
- ZBH INVESTOR ALERT: ROSEN, TOP RANKED LAW FIRM, Announces Investigation of Breaches of Fiduciary Duties By Management of Zimmer Biomet Holdings, Inc. – ZBH
- Zimmer Biomet Announces First Quarter 2019 Financial Results
This member declared not having a position on this financial instrument or a related financial instrument.
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