Trading Signals: ZM Stock Price Prediction and Forecast (Thu. Apr. 18, 2019 - Fri. Dec. 22, 2023)(Zoom Video Communications, Inc.)
| ZM latest price $75.5700 (1.68%) ($75.5700 - $75.5700) on Tue. Feb. 28, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.48% (three month average) | RSI | 35 | Latest Price | $75.5700(1.68%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | ZM advances 0.8% a day on average for past five trading days. | Weekly Trend | ZM declines -2.3% 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) SKYY(19%) XBI(12%) DIA(11%) IWC(11%) BWX(10%) | Factors Impacting ZM price | ZM will decline at least -1.74% in a week (0% probabilities). VIXM(-13%) VXX(-9%) EWJ(-8%) TLT(-7%) EDOC(-6%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.74% (StdDev 3.48%) | Hourly BBV | 0 () | Intraday Trend | 0% | | | |
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Resistance Level | $76.7 | 5 Day Moving Average | $74.52(1.41%) | 10 Day Moving Average | $75.75(-0.24%) | 20 Day Moving Average | $76.7(-1.47%) | To recent high | -10.7% | To recent low | 16.2% | Market Cap | $21.31b | | | | 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. |