The stock ticker ZION has recently seen its Aroon indicator cross above zero, an event that has occurred 18 times before. Aroon is an indicator that measures the strength of a trend, and a cross above zero is generally seen as a bullish sign.
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Historically, the stock has seen an increase in price in the next 30 days 50% of the time, with a median price movement of $1.25. This means that the stock price increased on average by at least a dollar in the following month after the Aroon indicator crossed above zero.
However, in the next 90 days, the stock price has decreased 62% of the time, with a median price movement of $-0.53. This suggests that the stock price may not stay at a high level for long and could decrease in the coming three months.
Investors should take into account the historical data when considering whether or not to invest in ZION. While the Aroon indicator crossing above zero is generally seen as a bullish sign, the stock price may decrease in the coming months. Therefore, investors should consider their risk tolerance and the current market conditions before investing in ZION.