ZOOM COMMUNICATIONS INC (ZM) Stock Technical Analysis
NASDAQ:ZM - Nasdaq - US98980L1017 - Common Stock - Currency: USD
Taking everything into account, ZM scores 3 out of 10 in our technical rating. Although ZM is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month ZM has a been trading in the 75.58 - 82.46 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that ZM is one of the better performing stocks in the market, outperforming 78% of all stocks.
ZM has an average volume of 2450180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
ZM is an average performer in the Software industry, it outperforms 62% of 282 stocks in the same industry.
ZM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ZM is lagging the market.
Although the technical rating is bad, ZM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 78.37, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ZM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
66.03
87.92
When analyzing the support we can see 3 important areas.
- A support zone ranging from 76.63 to 77.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @72.10 from a trend line in the weekly time frame.
- A support zone ranging from 66.70 to 67.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 77.71 to 79.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @82.98 from a trend line in the daily time frame.
- A resistance zone ranging from 86.22 to 87.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for ZM is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ZM is down. |
| ChartMill Relative Strength | 78.02 | POSITIVE | ZM has a high relative strength, it outperformed 78.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ZM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ZM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ZM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.51 | NEUTRAL | The RSI value for ZM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ZM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55.59 | NEUTRAL | The Stochastics value for ZM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.7 | LOW VOLATILITY | The low ATR as a percentage value for ZM suggests low volalility. |
| Average Directional Index/ADX (14) | 15.89 | NEGATIVE | The low ADX value for ZM suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
77.59
+0.02 (+0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.03%
1 Week1.27%
2 Weeks-0.4%
1 Month-4.19%
3 Month14.52%
6 Month-6.18%
12 Month33.18%
2 Year5.78%
3 Year-25.29%
5 Year-69.44%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.31
ATR(20)%1.7%
ATR Inc-13.33%
Range Today1.03
ADR(20)1.3
ADR(20)%1.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.02
Mansfield-0.39
10 Day High78.55
10 Day Low75.58
20 Day High82.46
20 Day Low75.58
52 Week High92.8
52 Week Low55.06
CS1 End78.37
CR1 Start83.14
Volume & EV
DER(3)3.67%
DER(5)4.39%
Volume2.60M
Volume Incr36.73%
Vol(5)3.22M
Vol(50)2.45M