Trading Signals: ZM Stock Price Prediction and Forecast (Thu. Apr. 18, 2019 - Fri. Dec. 22, 2023)(Zoom Video Communications, Inc.)
| ZM latest price $415.1200 (3.5%) ($390.2200 - $423.5000) on Wed. Nov. 18, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 7% (three month average) | RSI | 40 | Latest Price | $415.1200(3.5%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | ZM advances 0.1% a day on average for past five trading days. | Weekly Trend | ZM declines -6.5% a week on average for past two weeks. | Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. | Correlated ETFs | Broad market will support ZM advance at 0% a week (0% probability) ARKK(61%) IPO(57%) SKYY(57%) IBUY(56%) ONLN(54%) | Factors Impacting ZM price | ZM will decline at least -3.5% in a week (0% probabilities). VIXM(-22%) UUP(-17%) TBT(-10%) VXX(-8%) XLE(-5%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -3.5% (StdDev 7%) | Hourly BBV | 2.8 () | Intraday Trend | 0% | | | |
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Inflection Point | Yes | Resistance Level | $456.84 | 5 Day Moving Average | $409.53(1.36%) | 10 Day Moving Average | $423.15(-1.9%) | 20 Day Moving Average | $456.84(-9.13%) | To recent high | -27% | To recent low | 51.7% | Market Cap | $117.061b | | | | 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. |