Trading Signals: ZM Stock Price Prediction and Forecast (Thu. Apr. 18, 2019 - Fri. Dec. 22, 2023)(Zoom Video Communications, Inc.)
| ZM latest price $70.9400 (3.25%) ($70.9400 - $70.9400) on Wed. Dec. 6, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 1.8% (three month average) | RSI | 72 | Latest Price | $70.9400(3.25%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | ZM advances 0.9% a day on average for past five trading days. | Weekly Trend | ZM advances 3.6% a week on average for past two weeks. | Market Behavior | Growth stock sell-off for large cap. Normal for small cap. | Correlated ETFs | Broad market will support ZM advance at 0% a week (0% probability) LIT(68%) EWJ(66%) XLY(63%) ARKK(62%) REMX(62%) | Factors Impacting ZM price | ZM will decline at least -0.9% in a week (0% probabilities). VIXM(-37%) VXX(-26%) UUP(-14%) TBT(-8%) BNDX(-3%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -0.9% (StdDev 1.8%) | Hourly BBV | 1.7 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $69.2(2.51%) | 10 Day Moving Average | $67.67(4.83%) | 20 Day Moving Average | $65.55(8.22%) | To recent high | -3.8% | To recent low | 19.5% | Market Cap | $20.005b | | | | 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. |