Zebra Technologies Corporation (ZBRA)

ZBRA stock forecast: buy or sell

ZBRA stock outlook

  • Zebra Technologies closed today at $266.47 after exploding a 4.29%.
  • Price is drawing a scaled uptrend since mid-March with higher tops and higher bottoms. This rally marked a 77.58% gain
  • Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide.
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Disclaimer:
The comments contained in this post are personal and not recommendations for you to buy or sell shares. The author of this document does not know the specific circumstances of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are expressed for general educational motives only

ZBRA stock chart overview

Should I buy Zebra Technologies stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is ZBRA stock a buy?

Following Stock2 trading strategies, there are 2 buy setups eligible for Zebra Technologies:

Uptrend buy setup

Zebra Technologies stock is in an uptrend since in mid-March that so far has marked a gorgeous 78% gain. Price marked a pull back in this uptrend at $244.32 on June 29, and since then it bounced up a 9.07%. Breaking out above $278.60 - it's last top - will be a good entry point if Zebra Technologies resumes the uptrend. If you decide to enter this trade, the suggested stop loss is at $250.74

Buy setupBuy pointStop lossRisk
Uptrend buy setup$278.60$250.7410%

ATH buy setup

One of the most recommended trading strategies is to buy on All-time Highs (ATH) breakouts. The good point of buying at all-time highs is that price doesn't struggle with upper resistances, and usually it rises fast. However, you must always be aware of a possible bulls trap that may trigger your buy order and then drops sharply. That's why a stop loss is so important. Zebra Technologies can break to all-time highs any time soon, as it only needs to go up a 4.55%. Setup your buy order at $278.60 if you want to trade with this strategy. Arm your stop-loss at $250.74

Buy setupBuy pointStop lossRisk
ATH buy setup$278.60$250.7410%
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Should I sell Zebra Technologies stock?

When is it time to sell Zebra Technologies?. As when we have to buy shares, deciding when is the best time to sell is not a fickle decision, and we must follow our own trading style. We like very simple strategies to guide us on when is the best time to sell a stock. Be aware that these strategies should not be used for selling short ZBRA stock

As a golden rule, you should not keep an investment that produces losses greater than those expected at the time of purchase. The timing to sell shares must always be dictated by the stop-loss (automatic or manual)

Is it time to sell Zebra Technologies stock?

Currently, Zebra Technologies stock doesn't match any of our preferred sell setups, so if you own Zebra Technologies shares and your operation is in profit probably is not time to sell now

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Analysts' recommendations to buy or sell Zebra Technologies stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

In the last month we couldn't find any rating for Zebra Technologies

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Technical analysis

Since in mid-March, Zebra Technologies has been drawing an uptrend that so far marked a gorgeous 77.58%. During this uptrend, the price offered some buy points on the breakouts. Latest low was on June 29, when price bounced at $244.32. Currently, it trades in a consolidation between its last top ($278.60) and its last bottom ($244.32)

SMAs overview

A favorite tool of many technical analysts are the moving averages, that easily show market momentum. A moving average is the average price of a stock over a set period of time. Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days

Supports and resistances

Market investors use supports and resistances to spot price points on a chart that tend to act as obstacles, containing the price of a stock to move in certain direction. Supports are levels where the price may find support as it falls. This means that the price is more likely to "rebound" this level rather than break through it. Nevertheless, if the price breaks down the support, it is likely to continue falling until approaching another support level. On the other hand, resistances are where the price tends to find a curb as it rises. In the same way, this means that the price is more liable to "bounce off" at this level, and if it finally breaks this level, it will rally easily until it finds the next resistance

The current resistance levels are:

  • R1: $278.60 (4.55% above)
  • The current support levels are:

  • S1: $260.40 (-2.28% below)
  • S2: $248.83 (-6.62% below)
  • S3: $248.21 (-6.85% below)
  • Bollinger bands

    The so-called Bollinger bands are a well-known practice that was created by John Bollinger. Basically, the Bollinger Bands are bands that move around a moving average, ranging the distance from the bottom to the top depending on market volatility. They are usually drawn by an interval of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20

    The price is trading near to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell signal, as price can move in these levels for many days and weeks

    Relative strength index

    The Relative Strength Index is an oscillator-type indicator that measures price movements to identify when the price of a share or financial asset is overbought or oversold. Oscillator indicators, such as relative strength, are designed to indicate values in the range of 0-100. J. Welles Wilder introduced the relative strength indicator in the late 1970s and since then it has been widely used by traders

    The RSI dropped below the overbought level of 70 in early June after just crossing to the overbough zone for 1 day (weak signal). The RSI value today was 57.2. Since RSI lost the overbought zone, Zebra Technologies stock collapsed a 3.82%

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    Earnings and financials

    Zebra Technologies Corporation (ZBRA) reported first-quarter earnings of $2.67 per share, meeting the analysts consensus estimate of $2.64 per share. Reported sales were $1.1 billion, aligned with the market estimates as well.

    This compares to earnings of $2.92 per share a year ago, so reported EPS means a drop of -8.56%. Sales barely changed on an annualized basis in the 1st-quarter, from $1.1B to $1.1B last quarter.

    ZBRA posts quarterly earnings report on Tuesday next week. Market analysts analysts forecast an Earnings per Share of $2.27, that is a 14.98% less than previous quarter. If you own or you are planning to buy ZBRA shares, be vigilant as the earnings reporting day usually has a very high volatility, and price can soar and sink with exceptionally low liquidity and not honouring your buy or stop-loss orders. You can obtain more information about the earnings conference call and the financial reports on the Investor Relations section of its website: http://www.zebra.com.

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