ZOOM COMMUNICATIONS INC (ZM) Stock Technical Analysis
USA - NASDAQ:ZM - US98980L1017 - Common Stock
80.96 USD
-1.28 (-1.56%)
80.95 USD
-0.01 (-0.01%)
We assign a technical rating of 5 out of 10 to ZM. ZM has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month ZM has a been trading in the 80.06 - 87.67 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
ZM has an average volume of 3221780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, ZM outperforms 67% of them, which is more or less in line with the market.
ZM is part of the Software industry. There are 281 other stocks in this industry, ZM did better than 62% of them.
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.
ZM has an average technical rating and also the quality of the setup is only medium 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
69.07
89.92
When analyzing the support we can see 3 important areas.
- Support @75.98 from a horizontal line in the daily time frame.
- Support @73.54 from a trend line in the weekly time frame.
- A support zone ranging from 69.77 to 71.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 82.82 to 84.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 86.22 to 86.94. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 88.64 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 | 67.37 | NEUTRAL | ZM is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of ZM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.67 | NEUTRAL | The RSI value for ZM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.7 | NEGATIVE | The MACD value suggests ZM has a negative trend. |
| Stochastics (14,3) | 18.83 | OVERSOLD | The low Stochastics value suggests ZM may be oversold. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for ZM suggests some volalility. |
| Average Directional Index/ADX (14) | 18.45 | 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)
80.96
-1.28 (-1.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.56%
1 Week-4.2%
2 Weeks-3.8%
1 Month-3.25%
3 Month3.03%
6 Month19.5%
12 Month17.91%
2 Year34.98%
3 Year-2.97%
5 Year-82.43%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.86
ATR(20)%2.27%
ATR Inc-11.04%
Range Today1.61
ADR(20)1.81
ADR(20)%2.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.37
Mansfield-0.82
10 Day High85.54
10 Day Low80.06
20 Day High87.67
20 Day Low80.06
52 Week High92.8
52 Week Low64.41
CS1 End75.98
CR1 Start82.82
Volume & EV
DER(3)-1.01%
DER(5)-1.05%
Volume1.80M
Volume Incr-15.49%
Vol(5)2.52M
Vol(50)3.22M