ZSCALER INC (ZS) Stock Technical Analysis
USA - NASDAQ:ZS - US98980G1022 - Common Stock
299.66 USD
+2.76 (+0.93%)
299 USD
-0.66 (-0.22%)
Overall ZS gets a technical rating of 8 out of 10. Both in the recent history as in the last year, ZS has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
ZS is one of the better performing stocks in the Software industry, it outperforms 78% of 281 stocks in the same industry.
ZS 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 ZS is lagging the market slightly.
In the last month ZS has a been trading in the 260.40 - 300.81 range, which is quite wide. It is currently trading near the high of this range.
ZS has an average volume of 1595130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, ZS did better than 87% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Besides having an excellent technical rating, ZS also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 284.79, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
188.28
319.68
We found 3 important support areas.
- A support zone ranging from 280.98 to 284.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 267.67 to 269.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @190.18 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 315.33 to 316.51. 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 | UP | POSITIVE | The long term trend for ZS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZS is up. |
| ChartMill Relative Strength | 87.86 | POSITIVE | ZS has a high relative strength, it outperformed 87.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ZS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ZS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ZS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.5 | NEUTRAL | The RSI value for ZS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.54 | POSITIVE | The MACD value suggests ZS has a positive trend. |
| Stochastics (14,3) | 89.45 | OVERBOUGHT | The high Stochastics value suggests ZS may be overbought. |
| Average True Range in percent/ATR (20) | 2.92 | MEDIUM VOLATILITY | The ATR as a percentage value for ZS suggests some volalility. |
| Average Directional Index/ADX (14) | 18.17 | NEGATIVE | The low ADX value for ZS 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 316.52 | 277.05 | 39.47 (12.47%) | 8.02% |
| An entry @316.52. This is a Buy Stop order right above the resistance zone. | An exit @277.05. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 39.47 points, which is 12.47%. | When investing 8.02% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
299.66
+2.76 (+0.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.93%
1 Week3.58%
2 Weeks6.28%
1 Month9.14%
3 Month-4.8%
6 Month71.56%
12 Month72.29%
2 Year92.6%
3 Year82.31%
5 Year112.99%
10 YearN/A
15 YearN/A
Volatility
ATR(14)8.6
ATR(20)%2.92%
ATR Inc-10.79%
Range Today8.64
ADR(20)8.3
ADR(20)%2.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.86
Mansfield1.53
10 Day High300.81
10 Day Low277.06
20 Day High300.81
20 Day Low260.4
52 Week High318.46
52 Week Low164.78
CS1 End284.79
CR1 Start315.33
Volume & EV
DER(3)0.73%
DER(5)0.34%
Volume1.89M
Volume Incr-30.95%
Vol(5)1.35M
Vol(50)1.60M