ZOOM COMMUNICATIONS INC (ZM) Stock Technical Analysis
NASDAQ:ZM - Nasdaq - US98980L1017 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to ZM. In the last year, ZM was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
In the last month ZM has a been trading in the 77.97 - 85.07 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that ZM is one of the better performing stocks in the market, outperforming 84% of all stocks.
ZM has an average volume of 2401540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ZM is an average performer in the Software industry, it outperforms 69% of 284 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 ZM has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
65.38
89.92
2 important support areas can be observed.
- Support @71.09 from a trend line in the weekly time frame.
- A support zone ranging from 66.04 to 67.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 80.32 to 81.20. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @83.72 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.
- A resistance zone ranging from 89.03 to 89.03. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | UP | POSITIVE | The long term trend for ZM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ZM is neutral. |
| ChartMill Relative Strength | 84.34 | POSITIVE | ZM has a high relative strength, it outperformed 84.34% 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 | POSITIVE | The current price of ZM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ZM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.45 | NEUTRAL | The RSI value for ZM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.52 | NEGATIVE | The MACD value suggests ZM has a negative trend. |
| Stochastics (14,3) | 19.65 | OVERSOLD | The low Stochastics value suggests ZM may be oversold. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for ZM suggests some volalility. |
| Average Directional Index/ADX (14) | 14.33 | 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)
78.16
-1.25 (-1.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.57%
1 Week-3.12%
2 Weeks-1.9%
1 Month-6.04%
3 Month5.34%
6 Month-6.72%
12 Month35.37%
2 Year15.14%
3 Year-27.61%
5 Year-69.17%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.79
ATR(20)%2.17%
ATR Inc-25.11%
Range Today1.68
ADR(20)1.64
ADR(20)%2.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.34
Mansfield0.08
10 Day High82.46
10 Day Low77.97
20 Day High85.07
20 Day Low77.97
52 Week High92.8
52 Week Low55.06
CS1 End71.09
CR1 Start80.32
Volume & EV
DER(3)-1.86%
DER(5)-1.44%
Volume2.05M
Volume Incr-29.52%
Vol(5)2.02M
Vol(50)2.40M