ZOOM COMMUNICATIONS INC (ZM) Technical Analysis
NASDAQ:ZM • US98980L1017
Overall ZM gets a technical rating of 0 out of 10. ZM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 75% of all other stocks performed better in the past year than ZM.
- In the last month ZM has a been trading in the 70.70 - 93.61 range, which is quite wide. It is currently trading near the lows of this range.
- ZM is part of the Software industry. There are 277 other stocks in this industry. ZM outperforms 72% of them.
- ZM has an average volume of 4223440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ZM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ZM is lagging the market slightly.
The technical rating of ZM is bad and it also does not present a 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.
More info and screens
70.26
When analyzing the support we can see 2 important areas.
- Support @73.94 from a horizontal line in the weekly time frame.
- Support @70.97 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 77.50 to 78.02. 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 | DOWN | NEGATIVE | The long term trend for ZM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ZM is down. |
| ChartMill Relative Strength | 25.62 | NEGATIVE | ZM has a low relative strength, it was outperformed by 74.38% 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) | DOWN | NEGATIVE | The current price of ZM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ZM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.79 | NEUTRAL | The RSI value for ZM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests ZM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.56 | NEUTRAL | The Stochastics value for ZM is a neutral value. |
| Average True Range in percent/ATR (20) | 5.23 | HIGH VOLATILITY | The high ATR as a percentage value for ZM suggests high volalility. |
| Average Directional Index/ADX (14) | 32.42 | POSITIVE | The high ADX value value for ZM suggests a strong trend. |
ZM Technicals: Chart, Performance Metrics, Trend & Indicators
74.1
-0.84 (-1.12%)
ZOOM COMMUNICATIONS INC / ZM FAQ
What is the ChartMill technical rating of ZOOM COMMUNICATIONS INC (ZM) stock?
ChartMill assigns a technical rating of 0 / 10 to ZM.
What is the current trend direction of ZOOM COMMUNICATIONS INC (ZM) stock?
The current trend direction for ZOOM COMMUNICATIONS INC (ZM) is Bearish.
What is the RSI signal for ZM stock?
ZOOM COMMUNICATIONS INC (ZM) has an RSI value of 34.7858. This indicates that the stock is currently neutral.
What is the short term momentum for ZOOM COMMUNICATIONS INC (ZM) stock?
The short term momentum for ZOOM COMMUNICATIONS INC (ZM) is negative.
Can you provide the support and resistance levels for ZOOM COMMUNICATIONS INC?
ZOOM COMMUNICATIONS INC (ZM) has a support level at 73.94 and a resistance level at 77.5. Check the full technical report for our detailed analysis of ZM support and resistance levels.