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- 4/26/2024 -
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Zebra Technologies (ZBRA) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtPrice is near the Fibonacci 23.6% retracement level
Daily :Stochastic has raised above the signal lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week after 3 consecutive negative weeks for the Zebra Technologies (ZBRA). During the week, the ZBRA gained 29.14 points, or 10.87%, and closed at 297.21 on Friday, April 26, 2024. It was the best weekly gain since December 15, 2023. ZBRA was trading at average weekly trading volume.

Long-term trend: [See ZBRA long-term trend chart]
A long-term downtrend had started on December 10, 2021 at 615.00 and reached 194.59 on November 1, 2023. ZBRA lost 420.41 points, or 68.36%, in 98 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See ZBRA medium-term trend chart]
A medium-term uptrend had started on November 1, 2023 at 194.59 and reached 306.96 on April 9, 2024. ZBRA gained -112.37 points, or -57.75%, in 22 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 271.41 and resistance is at 311.46. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See ZBRA weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See ZBRA short-term trend chart]
A short-term uptrend had started on April 19, 2024 at 266.75 and reached 299.15 on April 26, 2024. ZBRA gained -32.40 points, or -12.15%, in 7 days. The price is now at the 5.99% retracement level.

Daily Technical Indicators: [See ZBRA daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.22
Williams' Percentage Range (W%R) 33.50
Lane's Stochastic (%D-Slow) 54.15
Greed/Fear Indicator (GFI) 56.97
Moving Average Converg./Diverg. (MACD) -0.96
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.03
Williams' Percentage Range (W%R) 18.00
Overbought
Lane's Stochastic (%D-Slow) 70.23
Greed/Fear Indicator (GFI) 70.65
Moving Average Converg./Diverg. (MACD) 7.35
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 311.46
Upper Bollinger Band 307.43
Price 297.21
Weekly Stochastic Crossing 292.61
20 Day Moving Average 287.99
Daily Stochastic Crossing 287.64
50 Day Moving Average 286.03
Quarterly Trendline Support 271.41
Parabolic System 267.79
Lower Bollinger Band 263.64
Sector and Industry
Description Name Rank
Sector Information Technology 6
Industry Electronic Equipment & Instruments 85
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 266.75
Low Date 04/19/2024
High 299.15
High Date 04/26/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 306.96
High Date 04/09/2024
Low 266.75
Low Date 04/19/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 233.95
Low Date 02/01/2024
High 306.96
High Date 04/09/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 311.46
Support 271.41
Low 194.59
Low Date 11/01/2023
High 306.96
High Date 04/09/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 615.00
High Date 12/10/2021
Low 194.59
Low Date 11/01/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.