Trading Signals: ZM Stock Price Prediction and Forecast (Thu. Apr. 18, 2019 - Fri. Dec. 22, 2023)(Zoom Video Communications, Inc.)
| ZM latest price $63.8450 (-3.15%) ($63.8450 - $66.5350) on Wed. Nov. 22, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 1.78% (three month average) | RSI | 60 | Latest Price | $63.8450(-3.15%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | ZM advances 0.1% a day on average for past five trading days. | Weekly Trend | ZM advances 2.2% a week on average for past two weeks. | Market Behavior | Value stock rally for large cap. Broad based rally for small cap. | Correlated ETFs | Broad market will support ZM advance at 0% a week (0% probability) LIT(65%) EEM(61%) ARKK(59%) REMX(59%) EWY(56%) | Factors Impacting ZM price | ZM will decline at least -0.89% in a week (0% probabilities). VXX(-28%) VIXM(-27%) UUP(-19%) IGOV(-13%) TBT(-8%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -0.89% (StdDev 1.78%) | Hourly BBV | -1.4 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $64.67(-1.28%) | 10 Day Moving Average | $63.5(0.54%) | 20 Day Moving Average | $62.28(2.51%) | To recent high | -13.7% | To recent low | 7.6% | Market Cap | $18.004b | | | | 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. |