ZEN Technical Analysis - ZENDESK INC

Technical Rating and Analysis

Taking everything into account, ZEN scores 4 out of 10 in our technical rating. In the past year, ZEN was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

ZEN has an average volume of 2386300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the performance of all stocks over the past year, ZEN turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.

ZEN is part of the Software industry. There are 281 other stocks in this industry, ZEN did better than 52% of them.

ZEN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ZEN is lagging the market.

In the last month ZEN has a been trading in a tight range between 74.31 and 77.49.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

ZEN has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

73.86

113.41

When analyzing the support we notice one important area.

A support zone ranging from 74.61 to 77.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We can see 3 important resistance areas.

A resistance zone ranging from 77.49 to 77.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @106.87 from a trend line in the weekly time frame.
Resistance @112.29 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for ZEN is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ZEN is neutral.
ChartMill Relative Strength	44.81	NEUTRAL	ZEN is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ZEN is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ZEN is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ZEN is below a declining SMA(200).
Relative Strength Index/RSI (14)	63.11	NEUTRAL	The RSI value for ZEN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.11	POSITIVE	The MACD value suggests ZEN has a positive trend.
Stochastics (14,3)	90.05	OVERBOUGHT	The high Stochastics value suggests ZEN may be overbought.
Average True Range in percent/ATR (20)	0.66	LOW VOLATILITY	The low ATR as a percentage value for ZEN suggests low volalility.
Average Directional Index/ADX (14)	22.89	NEUTRAL	The ADX value for ZEN suggests a possible start of a new trend.