Zions Bancorporation stock has pulled back to the 38.2% Fibonacci retracement level and looks to be attracting buyers off this level.
Compared to an average industry price book ratio of 1.63, ZION is valuated rather cheaply. On top of this, ZION is cheaper than 87% of the companies listed in the same industry. The low PEG Ratio indicates a rather cheap valuation of the company.
With a Price/Earnings Ratio of 19.86, ZION is valued on the expensive side.
Measured over the past 5 years, ZION shows a very strong growth in EPS. The EPS has been growing by 27.95% on average per year.
Zions Bancorporation Stock
In addition to the 38.2% Fibonacci retracement, the Effective Volume study shows that large players volume has been slowly rising.
Zions Bancorporation stock has a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at $44.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 43.77, a stop order could be placed below this zone.