Trading Signals: ZM Stock Price Prediction and Forecast (Thu. Apr. 18, 2019 - Fri. Dec. 22, 2023)(Zoom Video Communications, Inc.)
| ZM latest price $69.9550 (2.32%) ($69.9550 - $69.9550) on Fri. Sep. 29, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 1.97% (three month average) | RSI | 40 | Latest Price | $69.9550(2.32%) | 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 -1.8% a week on average for past two weeks. | Market Behavior | Growth stock 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(65%) IBUY(64%) LIT(61%) EEM(60%) VWO(60%) | Factors Impacting ZM price | ZM will decline at least -0.985% in a week (0% probabilities). VIXM(-36%) VXX(-34%) TBT(-24%) UUP(-21%) UNG(-4%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -0.985% (StdDev 1.97%) | Hourly BBV | 1.2 () | Intraday Trend | 0% | | | |
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Resistance Level | $70.44 | 5 Day Moving Average | $68.48(2.15%) | 10 Day Moving Average | $69.04(1.33%) | 20 Day Moving Average | $70.44(-0.69%) | To recent high | -5.4% | To recent low | 7.9% | Market Cap | $19.727b | | | | 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. |