Zions Bancorporation National Association (ZION): Price Now Near $55.61; Daily Chart Shows Downtrend on 20 Day Basis

The Hourly View for ZION

At the time of this writing, ZION (Get Ratings)’s price is up $0.22 (0.4%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Of note is that the 20 and 200 hour changed directions on ZION; they are now pointing up. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

ZION’s Technical Outlook on the Daily Chart

Currently, ZION’s price is up $0.27 (0.49%) from the day prior. This is the 2nd day in a row ZION has seen its price head up. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows ZION’s price action over the past 90 days.

ZION

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