Trading Signals: ZM Stock Price Prediction and Forecast (Thu. Apr. 18, 2019 - Fri. Dec. 22, 2023)(Zoom Video Communications, Inc.)
| ZM latest price $66.9300 (-1.83%) ($66.4100 - $68.4800) on Fri. Dec. 20, 2019. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.93% (three month average) | RSI | 46 | Latest Price | $66.9300(-1.83%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | ZM advances 1% a day on average for past five trading days. | Weekly Trend | ZM declines -0.6% a week on average for past two weeks. | Market Behavior | Broad based rally for large cap. Growth stock rally for small cap. | Correlated ETFs | Broad market will support ZM advance at 0% a week (0% probability) ARKK(48%) IPO(48%) ONLN(43%) SKYY(43%) IBUY(42%) | Factors Impacting ZM price | ZM will decline at least -1.465% in a week (0% probabilities). XLE(-12%) TBT(-12%) VIXM(-11%) UUP(-11%) OIH(-10%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.465% (StdDev 2.93%) | Hourly BBV | 0 () | Intraday Trend | -1.9% | | | |
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Resistance Level | $68.22 | 5 Day Moving Average | $67.05(-0.18%) | 10 Day Moving Average | $65.6(2.03%) | 20 Day Moving Average | $68.22(-1.89%) | To recent high | -19% | To recent low | 8% | Market Cap | $18.874b | | | | Zoom Video Communications, Inc. engages in the provision of video-first communications platform. It connects people through frictionless video, voice, chat and content sharing, and enable face-to-face video experiences for thousands of people in a single meeting across disparate devices and locations. It focuses on customer and employee happiness, a video-first cloud architecture, recognized market leadership, viral demand, an efficient go-to-market strategy, and robust customer support. The company was founded by Eric S. Yuan in 2011 and is headquartered in San Jose, CA. |