ZM Technical Analysis - ZOOM COMMUNICATIONS INC

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to ZM. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ZM is only an average performer.

The long and short term trends are both positive. This is looking good!

ZM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ZM is lagging the market slightly.

In the last month ZM has a been trading in the 71.16 - 86.59 range, which is quite wide. It is currently trading near the high of this range.

ZM has an average volume of 3523330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, ZM did better than 75% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.

ZM is part of the Software industry. There are 280 other stocks in this industry, ZM did better than 64% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ZOOM COMMUNICATIONS INC / ZM Weekly stock chart

ZOOM COMMUNICATIONS INC / ZM Daily stock chart

Setup Rating and Analysis

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

69.79

87.92

We found 3 important support areas.

A support zone ranging from 75.98 to 76.53. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 72.16 to 72.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 70.49 to 70.60. This zone is formed by a combination of multiple trend lines in the daily time frame.

We can see 2 important resistance areas.

Resistance @84.62 from a horizontal 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.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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	UP	POSITIVE	The short term trend for ZM is up.
ChartMill Relative Strength	75.28	POSITIVE	ZM has a high relative strength, it outperformed 75.28% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ZM is above the rising 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)	62.7	NEUTRAL	The RSI value for ZM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.32	POSITIVE	The MACD value suggests ZM has a positive trend, although the MACD value is declining.
Stochastics (14,3)	77.29	NEUTRAL	The Stochastics value for ZM is a neutral value.
Average True Range in percent/ATR (20)	2.73	MEDIUM VOLATILITY	The ATR as a percentage value for ZM suggests some volalility.
Average Directional Index/ADX (14)	29.58	POSITIVE	The high ADX value value for ZM suggests a strong trend.