Trading Signals: ZM Stock Price Prediction and Forecast (Thu. Apr. 18, 2019 - Fri. Dec. 22, 2023)(Zoom Video Communications, Inc.)
| ZM latest price $71.8200 (1.24%) ($71.8200 - $71.8200) on Thu. Dec. 7, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 1.8% (three month average) | RSI | 75 | Latest Price | $71.8200(1.24%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | ZM advances 1.1% a day on average for past five trading days. | Weekly Trend | ZM advances 4.1% a week on average for past two weeks. | Market Behavior | Broad based rally for large cap. Broad based rally for small cap. | Correlated ETFs | Broad market will support ZM advance at 0% a week (0% probability) LIT(76%) REMX(69%) SPY(69%) EWJ(67%) XLY(65%) | Factors Impacting ZM price | ZM will decline at least -0.9% in a week (0% probabilities). VIXM(-41%) VXX(-29%) UUP(-14%) TBT(-5%) BNDX(-5%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -0.9% (StdDev 1.8%) | Hourly BBV | 1.1 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $69.99(2.61%) | 10 Day Moving Average | $68.47(4.89%) | 20 Day Moving Average | $66.07(8.7%) | To recent high | -2.6% | To recent low | 21% | Market Cap | $20.253b | | | | 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. |