Any other use, including for any commercial purposes, is strictly prohibited without our express prior written consent. You may use and the contents contained in solely for your own individual non-commercial and informational purposes only. Liable for your own investment decisions and agree to the Users should not base their investment decision upon. is a research service that provides financial data and technical analysis of publicly traded stocks.Īll users should speak with their financial advisor before buying or selling any securities. We therefore hold a negative evaluation of this stock. Zoom holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks.
Our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance.
Since the stock is closer to the support from accumulated volume at $73.59 (0.16%) takes out the full calculated possible swing range there will be an estimated 9.13% move between the lowest and the highest trading price during the day. Which gives a possible trading interval of +/-$3.36 (+/-4.56%) up or down from last closing price. to open at $72.90, and during the day (based on 14 day Average True Range), Trading Expectations For The Upcoming Trading Day Of Tuesday 11thįor the upcoming trading day on Tuesday, 11th we expect Zoom Video Communications, Inc. We hold a negative evaluation for this stock. For the last week, the stock has had daily average volatility of 4.34%. During the last day, the stock moved $4.12 between high and low, or 5.84%. This stock has average movements during the day and with good trading volume, the risk is considered to be medium. Zoom finds support from accumulated volume at $73.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. This may be an early warning and the stock should be followed more closely. A break-up above any of these levels will issue buy signals. On corrections up, there will be some resistance from the lines at $75.91 and $78.44. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. The Zoom stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Further rise is indicated until a new top pivot has been found. A buy signal was issued from a pivot bottom point on Monday, September 26, 2022, and so far it has risen 0.52%.
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