ZSCALER INC (ZS) Stock Technical Analysis
NASDAQ:ZS - Nasdaq - US98980G1022 - Common Stock - Currency: USD
Taking everything into account, ZS scores 10 out of 10 in our technical rating. 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.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that ZS is one of the better performing stocks in the market, outperforming 95% of all stocks.
ZS is part of the Software industry. There are 284 other stocks in this industry. ZS outperforms 89% of them.
ZS is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so ZS is leading the market.
ZS is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
ZS has an average volume of 2832440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ZS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 301.94, a Stop Loss order could be placed below this zone.
More info and screens
170.02
306.07
We found 3 important support areas.
- A support zone ranging from 297.96 to 301.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 180.63 to 181.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @171.74 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 303.04 to 303.04. 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 | 95.36 | POSITIVE | ZS has a high relative strength, it outperformed 95.36% 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) | 80.64 | OVERBOUGHT | The high RSI value suggests ZS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.68 | POSITIVE | The MACD value suggests ZS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.26 | OVERBOUGHT | The high Stochastics value suggests ZS may be overbought. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for ZS suggests some volalility. |
| Average Directional Index/ADX (14) | 50.11 | POSITIVE | The high ADX value value for ZS suggests a strong 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 |
|---|---|---|---|
| 303.05 | 297.95 | 5.10 (1.68%) | 25.00% |
| An entry @303.05. This is a Buy Stop order right above the resistance zone. | An exit @297.95. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.10 points, which is 1.68%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.42%. |
- The distance between exit and entry is rather small compared to the average daily movement of ZS. Please evaluate whether better entry and exit points can be found.
- 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.
301.95
+0.52 (+0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.17%
1 Week-0.36%
2 Weeks9.52%
1 Month22.78%
3 Month52.65%
6 Month52.09%
12 Month63.91%
2 Year106.39%
3 Year101.96%
5 Year175.75%
10 YearN/A
15 YearN/A
Volatility
ATR(14)8.7
ATR(20)%2.65%
ATR Inc-33.81%
Range Today5.11
ADR(20)7.02
ADR(20)%2.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.36
Mansfield4.35
10 Day High306.77
10 Day Low276.35
20 Day High306.77
20 Day Low246.68
52 Week High306.77
52 Week Low153.45
CS1 End301.94
CR1 Start303.04
Volume & EV
DER(3)0.31%
DER(5)-0.34%
Volume2.07M
Volume Incr-39.04%
Vol(5)1.97M
Vol(50)2.83M