Trading Signals: ZM Stock Price Prediction and Forecast (Thu. Apr. 18, 2019 - Fri. Dec. 22, 2023)(Zoom Video Communications, Inc.)
| ZM latest price $71.5500 (-1.58%) ($71.5500 - $71.5500) on Tue. Dec. 6, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.51% (three month average) | RSI | 23 | Latest Price | $71.5500(-1.58%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | ZM advances 0.3% a day on average for past five trading days. | Weekly Trend | ZM declines -5.3% 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) BNDX(19%) ARKK(15%) BWX(15%) EWG(15%) IGOV(13%) | Factors Impacting ZM price | ZM will decline at least -1.755% in a week (0% probabilities). USO(-12%) BND(-11%) OIH(-9%) UUP(-6%) XLE(-4%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.755% (StdDev 3.51%) | Hourly BBV | -1.3 () | Intraday Trend | 0% | | | |
|
Resistance Level | $77.91 | 5 Day Moving Average | $74.28(-3.68%) | 10 Day Moving Average | $74.11(-3.45%) | 20 Day Moving Average | $77.91(-8.16%) | To recent high | -19.1% | To recent low | 1.4% | Market Cap | $20.177b | | | | 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. |