Trading Signals: ZM Stock Price Prediction and Forecast (Thu. Apr. 18, 2019 - Fri. Dec. 22, 2023)(Zoom Video Communications, Inc.)
| ZM latest price $82.5700 (3.41%) ($82.5700 - $82.5700) on Fri. Sep. 9, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 4.25% (three month average) | RSI | 25 | Latest Price | $82.5700(3.41%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | ZM advances 0.4% a day on average for past five trading days. | Weekly Trend | ZM declines -4.7% a week on average for past two weeks. | Market Behavior | Broad based rally for large cap. Broad based rally for small cap. | Correlated ETFs | Broad market will support ZM advance at 0% a week (0% probability) ARKK(38%) SKYY(37%) IBUY(35%) BOTZ(33%) IVW(33%) | Factors Impacting ZM price | ZM will decline at least -2.125% in a week (0% probabilities). UUP(-24%) TBT(-8%) EDOC(-8%) VIXM(-6%) VXX(-4%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.125% (StdDev 4.25%) | Hourly BBV | 1.3 () | Intraday Trend | 0% | | | |
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1 - 5 Day Possible Target | $60.33(-26.93%) | Resistance Level | $89.14 | 5 Day Moving Average | $80.84(2.14%) | 10 Day Moving Average | $81.04(1.89%) | 20 Day Moving Average | $89.14(-7.37%) | To recent high | -32.7% | To recent low | 3.4% | Market Cap | $23.284b | | | | 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. |