We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Zoom holds several positive signals, but we still don't find these to be enough for a buy candidate. Our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance. Since the stock is closer to the support from accumulated volume at $74.54 (2.68%)
#Zoom stock full#
takes out the full calculated possible swing range there will be an estimated 8.47% move between the lowest and the highest trading price during the day.
Which gives a possible trading interval of +/-$3.24 (+/-4.23%) up or down from last closing price. to open at $76.76, and during the day (based on 14 day Average True Range), Trading Expectations For The Upcoming Trading Day Of Friday 7thįor the upcoming trading day on Friday, 7th we expect Zoom Video Communications, Inc. There is a buy signal from a pivot bottom found 9 days ago.) (This stock has medium daily movements and this gives medium risk. For the last week, the stock has had daily average volatility of 3.70%. During the last day, the stock moved $2.97 between high and low, or 3.94%. This stock has average movements during the day and with good trading volume, the risk is considered to be medium. Zoom finds support from accumulated volume at $74.54 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. This may be an early warning and the stock should be followed more closely. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. On a fall, the stock will find some support from the short-term average at $76.00. On further gains, the stock will meet resistance from the long-term moving average at $79.85. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. The Zoom stock holds a buy signal from the short-term moving average at the same time, however, the long-term average holds a general sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development.
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Further rise is indicated until a new top pivot has been found.
A buy signal was issued from a pivot bottom point on Monday, September 26, 2022, and so far it has risen 4.45%.
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