The Greedy Trader Weekly Analysis
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- 4/19/2024 -
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Zebra Technologies (ZBRA) Technical Analysis

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Summary:
Weekly :Stochastic signal line moved below overbought areaTrend support at 268.23
Daily :Williams' Percentage Range oversoldLane's Stochastic is strongly oversoldPrice has crossed below the 50 Day Moving Average
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It was the negative week for the Zebra Technologies (ZBRA). During the week, the ZBRA dropped -21.61 points, or -7.46%, and closed at 268.07 on Friday, April 19, 2024. Weekly volume was -35% below average.

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. The price is now at the 17.48% retracement 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 price is near the trend support (268.23) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See ZBRA weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 Lane's Stochastic 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 downtrend had started on April 9, 2024 at 306.96 and reached 266.75 on April 19, 2024. ZBRA lost 40.21 points, or 13.10%, in 10 days. Price is near the trend low.

Daily Technical Indicators: [See ZBRA daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since April 2, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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) 24.64
Williams' Percentage Range (W%R) 84.40
Oversold
Lane's Stochastic (%D-Slow) 4.46
Strong Oversold
Greed/Fear Indicator (GFI) 14.91
Oversold
Moving Average Converg./Diverg. (MACD) 1.70
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.54
Williams' Percentage Range (W%R) 42.80
Lane's Stochastic (%D-Slow) 79.58
Greed/Fear Indicator (GFI) 63.05
Moving Average Converg./Diverg. (MACD) 6.70
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 309.73
Upper Bollinger Band 306.21
Weekly Stochastic Crossing 297.96
20 Day Moving Average 291.29
Parabolic System 290.41
50 Day Moving Average 282.89
Daily Stochastic Crossing 268.32
Quarterly Trendline Support 268.23
Price 268.07
Lower Bollinger Band 266.27
Sector and Industry
Description Name Rank
Sector Information Technology 5
Industry Electronic Equipment & Instruments 74
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 306.96
High Date 04/09/2024
Low 266.75
Low Date 04/19/2024
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 Test Support
Resistance 309.73
Support 268.23
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.