Trading Signals: ZM Stock Price Prediction and Forecast (Thu. Apr. 18, 2019 - Fri. Dec. 22, 2023)(Zoom Video Communications, Inc.)
| ZM latest price $63.6700 (-1.23%) ($63.6700 - $64.4700) on Fri. May. 12, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.61% (three month average) | RSI | 39 | Latest Price | $63.6700(-1.23%) | 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 1.4% a week on average for past two weeks. | Market Behavior | Normal for large cap. Normal for small cap. | Correlated ETFs | Broad market will support ZM advance at 0% a week (0% probability) XLK(18%) QQQ(16%) SKYY(16%) EWJ(15%) IWF(15%) | Factors Impacting ZM price | ZM will decline at least -1.305% in a week (0% probabilities). UUP(-11%) CEMB(-11%) BND(-10%) ACES(-9%) BWX(-7%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.305% (StdDev 2.61%) | Hourly BBV | -0.9 () | Intraday Trend | 0% | | | |
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Resistance Level | $63.71 | 5 Day Moving Average | $64.03(-0.56%) | 10 Day Moving Average | $63(1.06%) | 20 Day Moving Average | $63.71(-0.06%) | To recent high | -20.3% | To recent low | 4.5% | Market Cap | $17.954b | | | | 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. |