We assign a technical rating of 0 out of 10 to ZM. ZM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, ZM is a bad performer in the overall market: 66% of all stocks are doing better.
- In the last month ZM has a been trading in the 79.77 - 90.89 range, which is quite wide. It is currently trading near the lows of this range.
- ZM is one of the better performing stocks in the Software industry, it outperforms 77% of 277 stocks in the same industry.
- ZM has an average volume of 2836330 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 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 a poor technical rating and the quality of the setup is also 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
We found 3 important support areas.
- A support zone ranging from 78.12 to 79.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @75.71 from a trend line in the weekly time frame.
- A support zone ranging from 69.77 to 70.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 83.51 to 85.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 89.82 to 90.24. 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 | 34.36 | 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) | DOWN | NEGATIVE | The current price of ZM is below a declining 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) | 37.82 | NEUTRAL | The RSI value for ZM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.64 | NEGATIVE | The MACD value suggests ZM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.73 | OVERSOLD | The low Stochastics value suggests ZM may be oversold. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for ZM suggests some volalility. |
| Average Directional Index/ADX (14) | 24.54 | NEUTRAL | The ADX value for ZM suggests a possible start of a new trend. |
81.18
-0.14 (-0.17%)
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 37.8214. 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 79.17 and a resistance level at 83.51. Check the full technical report for our detailed analysis of ZM support and resistance levels.