ZOOM COMMUNICATIONS INC (ZM) Stock Technical Analysis
NASDAQ:ZM - Nasdaq - US98980L1017 - Common Stock - Currency: USD
Taking everything into account, ZM scores 1 out of 10 in our technical rating. ZM has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
In the last month ZM has a been trading in the 70.71 - 78.82 range, which is quite wide. It is currently trading near the lows of this range.
ZM has an average volume of 3084910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, ZM turns out to be only a medium performer in the overall market: it outperformed 57% of all stocks.
ZM is an average performer in the Software industry, it outperforms 58% of 281 stocks in the same industry.
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. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
66.03
87.92
When analyzing the support we notice one important area.
- 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.
4 important resistance areas can be observed.
- A resistance zone ranging from 74.53 to 76.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 77.35 to 78.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @81.87 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 | 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 | 57.95 | 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 | MIXED | The current price of ZM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 28.29 | OVERSOLD | The low RSI value suggests ZM may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests ZM has a negative trend. |
| Stochastics (14,3) | 16.39 | OVERSOLD | The low Stochastics value suggests ZM may be oversold. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for ZM suggests some volalility. |
| Average Directional Index/ADX (14) | 18.65 | 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)
70.97
-3.08 (-4.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-4.16%
1 Week-5.15%
2 Weeks-5.18%
1 Month-9.68%
3 Month-9.28%
6 Month-18.37%
12 Month21.34%
2 Year-0.08%
3 Year-11.73%
5 Year-78.17%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.35
ATR(20)%2.11%
ATR Inc79.19%
Range Today3.08
ADR(20)1.46
ADR(20)%2.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.95
Mansfield-1.27
10 Day High76.58
10 Day Low70.71
20 Day High78.82
20 Day Low70.71
52 Week High92.8
52 Week Low55.06
CS1 End67.75
CR1 Start74.53
Volume & EV
DER(3)-0.74%
DER(5)-0.72%
Volume3.36M
Volume Incr-31.62%
Vol(5)2.47M
Vol(50)3.08M