ZION attempts a bullish breakout

We received a request on Zions Bancorporation (ZION).

ZION is attempting a bullish breakout from a late 2024 into early 2026 basing pattern. A decisive push above the 59.40 to 63.22 area would confirm this bullish setup and set the stage for a rally to 66.27 (100% extension of the April-September 2025 rally projected from the mid October low) initially and then higher toward 75.44 (early 2022 peak) to 78-79.50 (161.8% extension and basing pattern target). Rising 13-, 26-, and 40-week moving averages from 55.90 down to 53.34 reinforce this bullish setup on ZION.

Chart 1: Zions Bancorporation (ZION) (top) and relative to the S&P 500 (bottom): Weekly chart

ZION's monthly chart shows a big triangle base dating back to the February 2007 peak.

Chart 2:  Zions Bancorporation (ZION): Monthly chart